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Thursday, January 24, 2024

Jones Lang LaSalle acquires Creevy LLH

Jones Lang LaSalle underlined its credentials as one of Scotland's leading property consultants with the purchase of Creevy LLH.

The deal with the Glasgow-based company, the largest independent firm of chartered surveyors specializing exclusively in the licensed, leisure and hotels sector in Scotland, marks a major step forward for Jones Lang LaSalle and particularly the firm?s specialist hotel business Jones Lang LaSalle Hotels, which recently celebrated twenty years as the European market leader in hotel advisory.

Creevy LLH, which posted fee income last year in excess of 750,000, provides a range of services including sales, lettings, acquisitions, valuation and professional advice.

The company's high-profile clients include Scottish & Newcastle, Mitchells & Butlers, Deloitte, Pricewaterhousecoopers and Kilmartin Property Group.

Under the deal, the two shareholders in Creevy LLH, Alan Creevy and Peter Darroch, will join Jones Lang LaSalle as directors.

The five-strong team at Creevy LLH will be based predominantly at Jones Lang LaSalle's offices in Glasgow, led by director Neil Cockburn.

Alan Robertson, managing director of Jones Lang LaSalle Scotland, said "An increasing number of large mixed-use developments in Scotland now feature hotel, leisure and licensed trade uses as well as offices and retail. With a specialist team now based here in Scotland, this deal will enable us to offer a more comprehensive service to our clients than ever before.

Jon Hubbard, managing director of Jones Lang LaSalle Hotels for Northern Europe, said "While Jones Lang LaSalle Hotels has been a leader across the UK hotel market for many years, the acquisition of Creevy will continue the growth of our UK Hotels team across our regional offices and will strengthen our coverage of the market in Scotland and the north of England."

Alan Creevy, the joint founder of Creevy LLH, said: "We are delighted to join Jones Lang LaSalle, which we think offers an unparalleled service in the property sector in Scotland. Jones Lang LaSalle's expertise and knowledge, combined with our specialist talents in the licensed, leisure and hotel sector, will form a powerful partnership. It is also clear that Jones Lang LaSalle's ethos closely follows our own philosophy of placing clients' needs first and ensuring we deliver on time to the highest standards every time."

Maclay, Murray and Spens LLP represented Jones Lang LaSalle. Kerr Stirling LLP represented Creevy LLH.