King Sturge, a leading real estate advisory firm, underwent significant changes in its corporate structure. The firm merged with other companies to expand its services and reach.
This strategic move allowed King Sturge to tap into new markets and expertise, enhancing its capabilities as a real estate advisor.
The mergers and acquisitions helped King Sturge to establish a stronger presence in the industry, with a broader range of services and a larger client base.
King Sturge Merger
Jones Lang LaSalle acquired King Sturge in a deal worth £197 million, paying £98 million in cash at closing and the balance over five years.
The merged company will have a significantly improved strength and depth of service capabilities across the region, making it the clear leader in the UK and Europe.
Christian Ulbrich, Chief Executive Officer for EMEA at JLL, said the merger makes sense because of the obvious strategic and cultural fit between the two firms, giving them a scale and depth of expertise that will make their client service delivery capabilities second to none.
Discover more: Depth of Market Forex
All 43 King Sturge businesses and offices across Europe, including 24 in the UK, will become part of JLL and operate under the JLL brand.
The merger will provide clients with access to international capital flows through JLL's global platform, and will also add significant depth and scale to services including industrial, global logistics, and retail.
The deal is expected to close today, with Andrew Gould acting as Chief Executive of the combined business in the UK and Richard Batten taking on the role of UK Executive Chairman.
The new leadership team will focus on realising the potential of the merger for clients and colleagues, with integration of business lines and teams beginning immediately.
Here are some key benefits of the merger:
- The combined Capital Markets team will provide clients with unparalleled access to international capital flows.
- The merger will accelerate each firm's strategic priority to lead in targeted local and regional markets.
- The combination will add significant depth and scale to a range of services, including industrial, global logistics, and retail.
- The firm's presence in Europe will broaden significantly in the rapidly growing Central, Eastern, and South-Eastern European markets.
Frequently Asked Questions
Who bought King Sturge?
King Sturge was acquired by JLL in 2011 for £197 million. JLL purchased King Sturge in a significant deal that year.
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