Jones Lang LaSalle has beefed up its exposure to the booming Western Australia property market with the acquisition of NSC Corporate, creating the state's biggest commercial property services firm.
The deal will boost JLL's revenue in the state by about 60% and increase staff numbers by 31 to 180. NSC's founders and joint managing directors Steve Carulli and Nick Stanisis will run the combined business, while JLL's current Western Australia boss Graham Kennedy will move into a new role as national head of advisory.
This takeover follows a number of others around the globe for JLL over the past 12 months. These include US construction, investment and agency business, Spaulding & Slye in January, UK agency Rogers and Chapman in May, and RSP Group in Dubai and fit-out company areAZero in Spain in September.
‘Acquisitions such as this one will continue to boost our growth strategy,’ said JLL’s Australian CEO Christine Bartlett. ‘I see great opportunities in the Australian market for Jones Lang LaSalle in emerging sectors such as health and aged care, project and development services and sustainability.’