JLL acquires Reas, enters residential market

Global commercial real estate services provider JLL has acquired one of Poland’s leading residential advisors, Reas. The acquisition will allow JLL to enter the Polish residential market and thus to operate in all sectors of the property market in the country. The entire Reas team has been incorporated into JLL and will now operate under the brand Reas/JLL Residential Advisory. It will be responsible for the development of so-called Living Services in Poland and CEE. The transaction highlights the growing attractiveness of Poland’s residential market to international investors. An increasing number of alternative assets such as rental apartments and student dormitories have been getting under construction in the country in recent years. “JLL’s decision to expand its expertise in this area is a response to market trends and the business needs of our clients,” said managing director Tomasz Trzósło.

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