Property adviser JLL said on Tuesday that it is acquiring AGL, a specialist real estate financial advisory business based in Stockholm, to further expand its capital markets capabilities in Sweden.

Property adviser JLL said on Tuesday that it is acquiring AGL, a specialist real estate financial advisory business based in Stockholm, to further expand its capital markets capabilities in Sweden.

AGL will add a range of financial and debt advisory services to JLL’s existing real estate capital markets business, which was already strengthened by last year’s acquisition of Tenzing.

AGL, which was founded in 1994 and employs 15 people, focuses on strategic and operational real estate financing including debt management, treasury management, debt advisory, risk management and derivatives.

'We are really excited by this further addition to our client service offering in Sweden,' said Daniel Gorosch, managing director of JLL Sweden. 'The AGL business makes an ideal complementary fit alongside JLL’s existing capital markets capabilities, enabling the combined team of 45 to become a full service provider across the whole real estate capital stack, which means we can offer a truly comprehensive service package for our clients.'

Linus Ericsson, CEO of AGL, will become the new head of Debt & Financial Advisory for JLL Sweden.

The acquisition is conditional upon approval from the Financial Supervisory Authority which is expected to be granted this autumn.

In addition to the AGL acquisition and last year’s takeover of the Tenzing business, JLL acquired Nextport in April this year to expand its tenant representation and corporate real estate services platform in Sweden. Overall, JLL now employs 115 people in Sweden, of whom 45 work in its capital markets group.