JLL has bought the property consultancy arm of Mazars, the accountancy and advisory firm.
A team of five from Mazars, headed by director Dave Chapman, joined JLL’s affordable housing team on 1 January.
The consultancy has provided valuation and surveying services to the social housing sector since it was established in 2001. The new team will continue to be based in Birmingham and Bristol.
Richard Petty, lead director of affordable housing at JLL, said: “This acquisition follows a number of other successful growth initiatives across our residential business, which continues to go from strength to strength. It will enable us to provide both existing and new clients in the social housing sector with a market-leading service.”
Glen Jones, partner and head of housing at Mazars, said: “There is a synergy between audit and advisory services and property consultancy. Following the successful conclusion of this transaction, Mazars and JLL have agreed to develop a strategic alliance which we are confident will enhance the offering of both firms in the housing sector.”
As part of this growth initiative, JLL announces that Shuab Mirza will also be joining the team from Countrywide Social Housing.
This deal follows the acquisition of W.A. Ellis in October to strengthen JLL’s residential offering.