JLL Acquires PDM International, a Leading Asia Pacific Interior Design Practice
Baker & McKenzie recently acted as counsel to Jones Lang LaSalle ("JLL") on its acquisition of PDM International ("PDM"), a leading interior design practice across Asia Pacific. This acquisition will enable JLL to deliver end-to-end, multi-disciplinary fit-out solutions across the region as well as provide design and construct services in 19 cities, with the addition of Beijing, Shanghai, Bangkok, Kuala Lumpur and Seoul.
The Baker & McKenzie team advising JLL was led by David Fleming and Michael Horman, partners in the Firm's Mergers & Acquisitions practice in Hong Kong/China.
PDM delivers innovative and creative design and construction solutions for office, retail, hospitality, residential and leisure real estate projects. PDM services that will be incorporated into the JLL business include building analysis, feasibility studies, space planning, project brief development, concept design, 3D renderings and animations, sustainable design development, construction documentation, furniture and storage evaluation, construction and site management, FFE (Furniture, Fixtures and Equipment) specification, procurement and turnkey construction solutions.
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 $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $59.1 billion of real estate assets under management.