JLL expands Valuation and Advisory Services in Canada
JLL announced that it has completed a transaction to acquire the real estate valuation and advisory division of Raymond Chabot Grant Thornton. For three decades Raymond Chabot Grant Thornton, the largest accounting firm in Québec, has offered market-leading real estate and advisory services to its Québec-based clientele. Adding to JLL’s industry-leading team of investor experts, 16 professionals, including chartered appraisers, will now join JLL’s Montréal office. This new addition marks another strategic acquisition, as the firm continues to expand its global valuation and advisory services to complement its investor services platform.
Frédéric Labrie will lead the Valuation and Advisory platform in Montréal with oversight from an executive committee comprised of Brett Miller, Benoît Egan and Donald Prévost. The group will be closely aligned with JLL Canada’s existing valuation and advisory practice located in Toronto, and together both teams will help develop a national strategy. Sylvain Bernèche, a former and now returning JLL broker, will join the Capital Markets Team in Montréal.
These four senior professionals collectively bring more than 100 years of experience to JLL with specialization in real estate portfolios, senior housing, market studies, special-use properties and litigation.
“This acquisition is in line with our strategic direction to continue developing our national service platform,” said Brett Miller, CEO of JLL Canada. “These highly respected market leaders joining our team will help JLL bring added value to our clients, while expanding our reach in the province of Québec and tapping into additional industries.”
“We look forward to bringing our expertise to JLL’s Valuation and Advisory Services. Our team brings deep experience in a range of different asset classes to serve JLL throughout Canada,” said Frédéric Labrie.
This transaction includes a long-term strategic partnership between RCGT and JLL, with the signing of mutual service agreements. JLL benefits from RCGT’s advisory services, while JLL becomes an important strategic partner to RCGT and its clients as a sophisticated real estate platform that will continue to deliver and enhance the quality of services clients in Québec have come to know and expect.
“Raymond Chabot Grant Thornton is proud to be part of this transaction and partnership with JLL Canada. It allows us to improve our capacity and commitment to respond to our clients’ needs, both today and in the future. This also ensures the continued prosperity of the Division while our clients continue to benefit from enhanced professional services, technology and research,” commented Emilio Imbriglio, President and CEO of Raymond Chabot Grant Thornton.