Jones Lang LaSalle Acquires Broker King Sturge for $324 Million

Jones Lang LaSalle Inc., the world’s second-largest publicly traded real estate broker, bought the London-based firm King Sturge LLP for 197 million pounds ($324 million) to become the largest property adviser in the U.K.

Jones Lang will pay King Sturge’s partners 98 million pounds on the completion of the purchase, with the balance paid over five years, the Chicago-based company said today in a statement.