Jones Lang LaSalle has announced that it is to acquire Britain's last large independent retail agency, Churston Heard, for around £20mln (EUR 25mln) . JLL will pay the limited company's owners in phased cash instalments with an element of performance-related payments the company said in a statement. This could take the eventual price to £22mln according to local reports. The purchase is due to complete next week.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
