JLL has announced the acquisition of Guardian Property Asset Management, the specialist Dublin-based residential agency. This acquisition expands JLL’s market-leading service offering in Ireland further and continues the broader international expansion of its residential real estate services. JLL’s disciplined acquisition strategy has seen the announcement or closing of 16 margin-accretive transactions with a combined value of over €380 mn ($420 mn) this year.
John Moran, Managing Director of JLL Ireland, said: “JLL’s leading position in the commercial market in Ireland has grown rapidly over the past 50 years. This combination with Guardian Property Asset Management and expansion into the residential sector is therefore a logical next step for us and completes our 360 degree service offering. With a similar focus on excellent service and a client-centric approach we can move forward in the market as the real estate service provider of choice across the commercial and residential markets.”
Since being founded by Conor O’Gallagher and Colm Byrne in 2009, Guardian has established a proven track record, based on the comprehensive market knowledge and extensive combined experience of its 10-person team. Guardian has transacted over €500 mn in the Dublin market over the last 12 months.
Conor O’Gallagher, Managing Director of Guardian Property Asset Management, said: “We have long admired and respected the way JLL conducts business and the reputation of the brand as a leader in commercial property which we are excited to now be a part of. JLL has the right culture, service mix and an outstanding platform as a national and global brand. We are delighted to become a part of JLL and are truly excited by what we can now do together in the service of our clients.”
The acquisition will take effect immediately, with the Guardian team relocating into the JLL Dublin office later this month and a phased rebrand being completed by early 2016.
Source: JLL
