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News Release

London

Jones Lang LaSalle announces acquisition of niche healthcare agency GLP Taylors


London, 5th February 2010 – Jones Lang LaSalle announces acquisition of niche healthcare agency Jones Lang LaSalle today announced its acquisition of GLP Taylors, a specialist provider of real estate agency and consultancy services in the healthcare sector.  Through this acquisition, Jones Lang LaSalle will expand its presence in the UK healthcare real estate sector by the addition of a healthcare agency arm which complements its established valuation advisory team.  It will operate through Jones Lang LaSalle’s nationwide network of offices in London, Birmingham, Manchester, Leeds, Edinburgh and Glasgow.

GLP Taylors, formerly part of Leeds-based LNT Group, has a significant track record and existing pipeline of agency sales and acquisition instructions across the country. The newly combined healthcare business will be led by Philip Hall, Jones Lang LaSalle’s existing Head of Healthcare.

Philip Hall, Head of Jones Lang LaSalle's Healthcare team, said: “With a proven reputation across this niche sector of the commercial property market, the acquisition of GLP Taylors complements our existing healthcare advisory team and allows us to strengthen our client service through the addition of an established agency business.”

Philip added: “It also extends our healthcare capability into our regional office network and means our clients will now benefit from a highly experienced team of healthcare experts covering both agency and valuation advisory services.”

LNT Group Chairman Lawrence Tomlinson, decided to sell GLP Taylors on deciding that there was a potential conflict of interest within the group since its re-entry into care home operation with Ideal Care Homes. The new operator is experiencing rapid growth due to a £67m funding package which will see it have over 650 beds in operation by June 2010.

Lawrence Tomlinson commented: “I am delighted with the sale of the GLP Taylors care agency business to Jones Lang LaSalle – it represents a great opportunity for the team to join a global player in the commercial real estate industry. The LNT Group will continue to develop its core businesses.”

Notes to Editors:
  • Jones Lang LaSalle’s Healthcare team now comprises 12 specialists covering all aspects of property consultancy services including valuation, agency sales and  acquisition, tenant representation, building surveying, planning and research in each category of care home, nursing home, sheltered housing/assisted living, hospitals, GP surgeries, pharmacies children’s day nurseries within the sector.
  • Jones Lang LaSalle provides an all encompassing healthcare service, incorporating valuation, agency, planning, building surveying, project monitoring, lease advisory, corporate finance, sustainability services and dedicated healthcare research team.