Hughes could not disclose financial details regarding the acquisition but says KHK Group's revenue had been $20 million. Jones Lang LaSalle typically acquires companies for 1.5 times to three times their revenue.

KHK Group was formed in 2000 by Richard Houghton, James Morris, Graham Kent and Jim Kelly. Houghton, who was the managing director at KHK Group, will assume the role of chairman for the Project & Development Services Group at Jones Lang LaSalle in Hanover Square in London's West End. Mike Tiplady is the lead director of the group, which had previously had about 30 employees, Hughes says. "Combining what we had and what they bring, it takes us into a top 10 market position in project management in the UK," he says.

Jones Lang LaSalle acquired the company because there was a "demand from our clients," Hughes says. KHK Group specialized in building out spaces for tenants, managing projects and building out and developing hotels, he says. The acquisition is the eighth "small to medium sized" acquisition Jones Lang LaSalle Europe Middle East and Africa division has made in the last 12 months, Hughes says. Other acquisitions this year included Hargreaves Goswell, GVA Finland and Troostwijk Makelaars.