Listed global property adviser Jones Lang LaSalle is in talks with its smaller peer King Sturge about a potential takeover which would value King Sturge at more than £160 mln (EUR 183 mln), according to a report by Property Week.
Listed global property adviser Jones Lang LaSalle is in talks with its smaller peer King Sturge about a potential takeover which would value King Sturge at more than £160 mln (EUR 183 mln), according to a report by Property Week.
The deal would create the biggest property advisory in the UK by agency turnover. King Sturge’s three leading partners Richard batten and Chris Ireland, along with top fee earner Philip Marsden are expected to take key roles in the new combined company, the report suggested.
Both JLL and King Sturge declined to comment on the report.
With 2010 global revenue of more than $2.9 bn (about EUR 2 bn), JLL operates in 60 countries from 750 locations worldwide, including 180 corporate offices. The firm is a leading player in all the main European markets. King Sturge has a network of over 210 wholly owned, associated and affiliated offices in 45 countries worldwide. In Europe, King Sturge operates in major UK commercial centers and principal European cities.
