X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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.”

Affiliation with Group Tetris will allow JLL to support businesses throughout the entire life cycle of a real estate assignment, says Passage, with the firm being acquired particularly recognized for expertise in the design and implementation of office systems. Among the private corporations, public enterprises and institutional clients that Group Tetris represents are such entities as DCN, Dexia, PSA Peugeot Citroen, Gaz de France and Sanofi. Services provided range from location searches, space planning and build out budgeting and scheduling to interior architecture and implementation of the real estate program. JLL can fulfill a variety of roles, says Benoit du Passage, including main contractor, owners’ representative and general contractor.

Already operating a vast and diverse global platform, JLL has become increasingly focused on the so-called EMEA block of Europe, the Middle East and Africa in the past two years. JLL’s chief executive of EMEA, Alistair Hughes, notes that the firm has now made nine small- to medium-sized business acquisitions in 2007. “We continue to develop our service offering with a careful blend of organic growth and tactical purchases,” he says of the quest. The firm was advised in the latest purchase by the Lovells law firm, while Thesis provided counsel to Group Tetris.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.