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Jones Lang LaSalle announces merger with King Sturge

Posted on 30 May 2011

Christian UlbrichGlobal commercial real estate firm Jones Lang LaSalle will merge with international property consultancy King Sturge. The combined firm will be the clear leader in the UK and also in continental Europe, with greatly enhanced strength and depth of service capabilities across the region that will directly benefit the clients of both companies.
The transaction is expected to close on May 31, 2011. Under its terms, Jones Lang LaSalle will pay consideration of £197 million (approx. €227 million or $324 million) to the partners of King Sturge, with £98 million in cash at closing and the balance paid out in cash over five years……………………………………….Full Article: Source


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