JLL Buys French Property Services Group

PARIS-Underscoring a continuing strategy to provide soup-to-nut real estate services for its clients, Jones Lang LaSalle has acquired Group Tetris, touted as the French leader in office design, site management and business relocation assistance. The four-year-old organization employs 75 people and has a diverse multinational customer base exceeding 4,000 companies. Financial terms of the deal were not divulged.

“By combining Tetris’ expertise with the knowledge and experience of Jones Lang LaSalle, we aim to become the first-choice partner for third-party business projects in this field,” says Group Tetris founder Franck Eburderie. JLL’s CEO for France and Southern Europe calls the investment “a perfect match for our growth strategy.” The chief executive, Benoit du Passage, reports that JLL now has nearly 400 employees in France after finalizing the Group Tetris agreement. The latest conquest, he says, “complements initiatives already under way in recruitment and the opening of offices in the Ile de France region, allowing us to reinforce our market share in our traditional activities and offer new services.”