King Sturge staff will receive a bonus as a result of the firm’s merger with Jones Lang LaSalle that values the business at £197m.
Partners in the business are set to receive £98m when the transaction closes on 31 May. Jones Lang LaSalle will then pay £99m in cash in equal instalments over five years.
The timing and levels of the payments are yet to be announced but new JLL UK executive chairman Richard Batten said this morning: “Staff will be taken into account in the distribution through a special award.”
For a complete list of all EG’s JLL/KS coverage plus a timeline visit http://www.estatesgazette.com/jll-king-sturge-merger/
damian.wild@estatesgazette.com
