Jones Lang LaSalle lease new Birmingham office space.
King Sturge and Jones Lang LaSalle merge and move into Birmingham offices.
Jones Lang LaSalle has left its former offices located at One Colmore Square in order to put into motion the final actions in merging with fellow property specialists King Sturge. The new deal will officially make Jones Lang LaSalle one of the biggest commercial real estate agents in Europe. The company has moved to 45 Church Street and the merging of the two professional teams is already under-way.
The merge is part of a £197 million deal that was agreed just earlier this year. The 45 Church Street offices were already occupied by the King Sturge team in Birmingham. Additionally Jan Thompson, the current head of Jones Lang LaSalle, will officially become the regional chairman of the merged companies.
Speaking about the office move and the merge former head of the King Struge Birmingham head office Ian Cornock commented: “The old team from Jones Lang has moved over from Colmore Square to 45 Church Street – everybody has come across so there is no one left at Colmore Square.”
King Sturge moved to the Church Street offices whilst expecting company growth. However, since then the company has experienced times when it has had to lose a fraction of its staff therefore a good amount of the available 16,000 square feet has become free. “We haven’t lost any people. It is not on the agenda at the moment and both businesses are running according to their business plans set out for the year. At present I would say we are running at the right levels – when the merger came there was so little cross-over between the businesses and it was never the plan to do anything in a hurry,” commented Mr Cornock.