JLL has acquired the property consultancy arm of a rival business and poached the head valuer from another as it increases its share of the market.
The consultancy firm, formerly known as Jones Lang LaSalle, has today announced the purchase of Mazars Property Consultancy, which is currently the property consultancy subsidiary of Mazars LLP.
Mazars Property Consultancy has provided valuation and surveying services to the social housing sector since 2001. Director Dave Chapman and a team of five will join JLL, but continue to be based in Bristol and Birmingham.
It has also announced that Shuab Mirza, a former director in Countrywide Social Housing’s valuation team with join JLL, bringing its affordable housing team up to 36.
The acquisition of Mazars Property Consultancy, for an undisclosed fee, also marks the start of a strategic partnership between the accountancy and advisory firm and JLL.
This deal is expected to add between 60 and 70 clients to JLL’s base and will leave the valuation and surveying market for housing associations almost entirely dominated by JLL and Savills.
Richard Petty, lead director of affordable housing at JLL, said: ‘We have the strength in depth and the experience to take on the largest and most complex portfolios, as well as smaller instructions.’
