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

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

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