Jones Lang LaSalle has increased its corporate spending this year with the purchase of Turkish firm Alkas Consulting.
JLL said has bought the 40-staff business led by Avi Alkas. The purchase follows that of Kempers in Germany in February and Churston Heard in the UK last month.
The deal sees Alkas take the role of chairman of JLL in Turkey and Alan Robertson leave his post as managing director for Scotland and assume the post of managing director for Turkey.
Robertson will be replaced by current Edinburgh head, Alasdair Humphrey.
The purchase of Alkas follows a strategic partnership between the firms struck in March. Alastair Hughes, CEO for Europe, the Middle East and Africa at JLL, said: ‘Turkey has a large retail development pipeline and we are now clear market leaders in retail leasing and advice. We will use this platform to develop a wide range of services.’
Alkas started operations in 1997.
The firm specialises in leasing and is instructed on 44 shopping centres across Turkey totalling 20m sq ft.
