JLL has acquired London-based boutique retail property advisory firm KLM Real Estate (KLM) for an undisclosed price.
The acquisition will see 17 KLM colleagues join JLL and will enhance firm’s retail capabilities in the UK market. The deal forms part of JLL’s strategic focus on growing key asset classes.
KLM’s client portfolio includes The Crown Estate, the South Kensington Estate and Pret a Manger.
Matthew Richards, UK CEO of JLL, said: “This acquisition reflects the strategic fit between KLM and JLL and our continued focus on London as a world leading retail destination and global financial centre. Bringing KLM’s specialist expertise together with our platform strengthens our ability to serve global occupiers who demand consistency and deep market knowledge across London and the wider UK.”
James Andrews, partner at KLM, added: “Joining JLL represents an exciting opportunity for our team and clients, JLL’s global platform, resources, and commitment to the retail sector will enable us to deliver even greater value to our clients. We’re impressed by JLL’s vision for retail and look forward to contributing to the growth of this dynamic platform while maintaining the specialist expertise and relationships our clients value.”
Paul Marshall, head of retail agency at JLL, said: “This acquisition demonstrates our strategic commitment to investing where we have scale, competitive advantage, and industry leadership. KLM brings specialist retail capability and long-standing client relationships that complement our existing platform with minimal overlap. Together, we can compete at scale and deliver a holistic view of the retail sector across the built environment. This move strengthens our ability to meet client demand for greater consistency and expertise, particularly across EMEA, while creating significant opportunities for cross-business line collaboration.”
