In sync with its disciplined acquisition strategy, Jones Lang LaSalle Incorporated JLL has inked a deal to acquire global corporate occupiers benchmarking (Global Occupiers) business of MSCI, the provider of investment decision supporting tools worldwide. This latest acquisition is likely to enhance JLL’s Corporate Solutions service range and add to its technology and data analytics capabilities.
MSCI’s Global Occupiers business is a leading provider of performance analytics of commercial buildings and holds the largest independent database of occupier performance spread over 48 countries. This is an excellent addition to JLL‘s Corporate Solutions business. On the other hand, teaming up with a globally recognized real estate service provider like JLL will allow MSCI to serve a wider range of clients.
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. The latest acquisition, which is likely to close in August, is indicative of the disciplined acquisition strategy followed by the company. In fact, since the beginning of 2015, the company announced or completed 40 accretive transactions with a combined value of over $1.2 billion.
Currently, JLL carries a Zacks Rank #3 (Hold).
Investors interested in the real estate industry may consider stocks like Brookfield Asset Management Inc. BAM, The Liberty Braves Group BATRK and AV Homes, Inc. AVHI. Each of these stocks holds a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Be the first to comment