JLL Continues Euro Expansion, Picks Up Swedish-Based Firm
Chicago-based JLL just acquired Stockholm-based real estate financial advisory company AGL, pending expected approval by the Swedish Financial Supervisory Authority, as JLL seeks to expand its footprint in Capital Markets capabilities in Sweden. JLL has had some recent acquisitions to boost this deal, having purchased Tenzing last year and Nextport back in April. "The skills AGL will bring blend superbly with our existing service offer," JLL Head of EMEA Capital Markets Richard Bloxam says. JLL has 115 employees in Sweden, with 45 of them working in Capital Markets. The acquisition will hopefully help JLL become a full-service provider to clients, Managing Director JLL Sweden Daniel Gorosch says. Integration of the AGL team into the JLL Stockholm office will begin after its anticipated fall approval.