STOCKHOLM, SWEDEN and LONDON, UNITED KINGDOM--(Marketwired) - JLL (NYSE: JLL) today announced the acquisition of Nextport, a leading tenant representation and relocation management business based in Stockholm, propelling the combined firm's corporate real estate services capabilities into a market leading position in Sweden. This complements the existing leadership position JLL holds in investor real estate services in Sweden, following last year's highly successful acquisition of Tenzing. The deal also further strengthens JLL's broader global corporate real estate services platform, while providing Nextport with an outstanding solution to its strategic goal of accessing international markets and clients.
Daniel Gorosch, managing director of JLL Sweden, said: "We were attracted to Nextport by the close cultural similarities and commitment to excellence, and by the extraordinarily good match between our respective existing strengths and growth objectives in Sweden. Nextport has a great track record of tenant representation work for Swedish companies and is the leading provider of relocation management services across the country. JLL is strong in tenant representation for international companies and we really wanted to grow our relocation and project management capabilities. It's a super fit and I am truly delighted to welcome Erik Dellner and his colleagues to JLL."
The acquisition takes immediate effect and Nextport's 20-strong team will relocate into JLL's Stockholm HQ at the end of March. Erik Dellner, founder and CEO of Nextport, becomes JLL's new head of an enlarged Corporate Solutions team of 30 people in Sweden, with former head Marie Cronström moving into a pivotal new role as head of Business Development for Corporate Solutions to spearhead the growth momentum.
Erik Dellner said: "I am really looking forward to leading this strong and talented market-leading Corporate Solutions team for JLL in Sweden. I have come to know JLL very well over the years and have always been impressed by what I have seen. By combining our local strength with JLL's exceptional global breadth and reach, we are creating a combination that will provide outstanding ideas and services to our clients."
Vincent Lottefier, Global Director & CEO Corporate Solutions EMEA, welcomed the news, saying: "We had identified Sweden as a priority market for substantially growing our Corporate Solutions capabilities, complementing our strengths across the rest of EMEA. We have also long admired Nextport. This is a terrific new business combination which I believe our clients will also find strongly appealing."
JLL now employs nearly 100 people in Sweden, with offices in Stockholm and Gothenburg.
Nextport offers project management, process management during a change of premises and advice to tenants; three areas of expertise which create customer value. Our mission is to work with real estate as a base to increase profitability for our clients. Revenues in 2014 reached around 45 MSEK (EUR 4.87m) with good profitability. Our clients include Betsson, Corp Nordic, Electrolux, Exportkreditnämnden (EKN), Fujitsu Siemens Computers, KF Fastigheter, King Landshypotek, Litorina Capital, PwC, Semper, Soliditet, Unibail-Rodamco, Vattenfall and ÅF. For more information visit www.nextport.se
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $53.6 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
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