Firm adds market-leading provider with $1 billion in sales to expand Vancouver capabilities
VANCOUVER, B.C., January 22, 2016 – JLL (NYSE:JLL) today announced the acquisition of Bill Goold Realty, one of western Canada’s most successful commercial and multifamily residential property brokers. The transaction expands the reach of JLL’s multifamily investment sales platform and enhances the services it provides clients in Vancouver. The acquisition is consistent with JLL’s global growth strategy and focus on expanding its Canadian business.
|Bill Goold Realty, which includes founder Bill Goold and six brokers, has a market-leading reputation. The multifamily investment sales provider completed more than 30 transactions valued at $335 million in 2015, the highest ever for the group. With services including sales of multifamily buildings and development sites, Bill Goold Realty has sold more than $1.2 billion in commercial and rental properties across the Lower Mainland and British Columbia, including North Vancouver, Burnaby, New Westminster and Victoria.|
“This partnership allows JLL to benefit from the network and reputation for integrity Bill Goold has developed over more than 25 years,” said Brett Miller, CEO of JLL Canada. “It also ensures our Vancouver and other Canadian offices, with Bill continuing involvement, will be able to bring opportunities to global markets and attract more investment to Canada.”
This acquisition brings further scale to JLL’s rapidly growing Canadian business and a way to help identify investment opportunities and attract regional, national and international capital into British Columbia’s commercial real estate market. Goold will lead JLL’s multifamily investment sales practice in Vancouver, and Bill Goold Realty’s Ray Townsend will lead day-to-day operations.
“Joining JLL is a natural evolution for our firm, partnering our local expertise with a global network of resources, cutting-edge tools and broad-reaching connections to investors across the globe,” Goold said. “JLL has become a dominant player in the British Columbia commercial real estate market over the past few years. With our local teams now working together, we will bring more capital and opportunities to British Columbia and attract investors from here and abroad. This is ideal for our current and future clients both culturally and strategically.”
About JLL Canada
JLL is Canada’s fastest-growing commercial real estate firm. JLL has two offices in Toronto, with the headquarters located downtown. The firm also operates in Mississauga, Montréal, Ottawa, Vancouver, Calgary and Edmonton. JLL manages more than 50 million square feet of facilities across Canada. The firm offers tenant and landlord representation, project and development services, investment sales, occupier strategies and solutions, advisory and appraisal services, debt capital markets services and integrated facilities management services to owners and tenants in Canada.
About Bill Goold Realty
Founded 25 years ago, Bill Goold Realty has a team of six brokers who have completed more than $1 billion in commercial property and rental building sales across Vancouver, the Lower Mainland and British Columbia. Their commercial realty team has been recogonized as No. 1 by the Vancouver Real Estate Board, with investor networks in Canada, North America, China and more than 30 countries. For the last three years, Bill Goold Realty has been awarded Remax’s top commercial realtor in the world.
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $57.2 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
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