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JLL announced the acquisition of Bill Goold Realty, one of western Canada’s most successful commercial and multifamily residential property brokers. The transaction expands the reach of JLL’s multifamily investment sales platform and enhances the services it provides clients in Vancouver. The acquisition is consistent with JLL’s global growth strategy and focus on expanding its Canadian business.

Bill Goold Realty, which includes founder Bill Goold and six brokers, has a market-leading reputation.The multifamily investment sales provider completed more than 30 transactions valued at $335 million in 2015, the highest ever for the group. With services including sales of multifamily buildings and development sites, Bill Goold Realty has sold more than $1.2 billion in commercial and rental properties across the Lower Mainland and British Columbia, including North Vancouver, Burnaby, New Westminster and Victoria.

“This partnership allows JLL to benefit from the network and reputation for integrity Bill Goold has developed over more than 25 years,” said Brett Miller, CEO of JLL Canada. “It also ensures our Vancouver and other Canadian offices, with Bill continuing involvement, will be able to bring opportunities to global markets and attract more investment to Canada.”

This acquisition brings further scale to JLL’s rapidly growing Canadian business and a way to help identify investment opportunities and attract regional, national and international capital into British Columbia’s commercial real estate market. Goold will lead JLL’s multifamily investment sales practice in Vancouver, and Bill Goold Realty’s Ray Townsend will lead day-to-day operations.

“Joining JLL is a natural evolution for our firm, partnering our local expertise with a global network of resources, cutting-edge tools and broad-reaching connections to investors across the globe,” Goold said. “JLL has become a dominant player in the British Columbia commercial real estate market over the past few years. With our local teams now working together, we will bring more capital and opportunities to British Columbia and attract investors from here and abroad. This is ideal for our current and future clients both culturally and strategically.”

Source:http://www.jll.com/

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