Jones Lang LaSalle Inc. JLL – which shortened its name to “JLL” – disclosed the acquisition of Procofin Oy, a Finnish professional project development and architectural services company. The move expands the company’s footprint in Finland.
Founded in 2006, Procofin has strong expertise in providing consultancy, management and architectural services to the construction sector. The company has a team of 43 expert professionals and aims at delivering high-quality services to the clients. Acquisition of this Finnish company is likely to complement JLL’s existing lines of operations in real estate capital markets, valuation work and leasing. Moreover, these two companies have a track record of working together in Finland for the same clients. This acquisition increases the employee strength of JLL in Finland to more than 70 and brings the total headcount in the Nordics to 190.
Chicago-based JLL is a leading full-service real estate firm that provides corporate, financial and investment management services to corporations and other real estate owners, users, and investors worldwide. This acquisition is in line with the strategy of JLL to provide a wider suite of services in countries across Europe and other parts of the world.
JLL currently carries a Zacks Rank #3 (Hold). Investors interested in the real estate industry can consider other stocks like Brookfield Asset Management Inc. BAM, HFF Inc. HF and FirstService Corporation FSV. All these stocks sport a Zacks Rank #1 (Strong Buy).
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