SOURCE: JLL

JLL

May 03, 2016 09:07 ET

JLL Acquires Engineering Design Business CTH in France

PARIS, FRANCE and LONDON, UNITED KINGDOM--(Marketwired - May 3, 2016) - JLL (NYSE: JLL) today announced the acquisition of CTH, a specialist engineering design business operating out of Paris and Lille, adding further capabilities and strength to its market-leading Project & Development Services (PDS) business in France.

Employing 20 people, CTH was founded 30 years ago by Nicolas Corteggiano who now joins JLL as head of Engineering Services, part of the 80-strong PDS team within JLL's Corporate Solutions group in France, which is led by Joël de Lafond.

CTH provides a wide range of engineering design services to corporate and real estate investor clients, as well as several public authorities and architectural practices. There are strong synergies between CTH and many other JLL business lines and client relationships, including its high-growth Tétris design and fit-out business.

Joël de Lafond, head of JLL Corporate Solutions in France, said: "The acquisition of CTH is part of our strategic growth plan to further expand our service capabilities in order to meet all the requirements of our clients and ensure we provide unrivalled sustainable value creation for their construction, renovation and development projects."

Nicolas Corteggiano, managing partner of CTH and now head of Engineering Services at JLL France, said: "Over the years, we have successfully partnered with JLL many times on many different client projects. This has demonstrated that we share the same values and culture, and the same commitment to excellent client service. I look forward to this continuing and strengthening as we integrate with JLL." 

About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $58.3 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.

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