JLL Expands in Western Canada
- Jan 27, 2016
By Barbra Murray, Contributing Editor
JLL has expanded its footprint in western Canada with the acquisition of Bill Goold Realty, a leading commercial and multifamily brokerage firm based in Vancouver, B.C. The move gives JLL quite an edge in the Vancouver area’s multi-family investment sales arena.
Established in 1989, Bill Goold Realty is a well-known presence in metropolitan Vancouver, and that is just where JLL wants to be. “JLL sees high potential for the Vancouver market, and our global investor clients as well as corporate occupiers identify B.C. as an important place of business,” Brett Miller, CEO of JLL Canada, told CPE.
The proof of the firm’s value is in the numbers. Bill Goold Realty closed in excess of 30 transactions accounting for an aggregate $335 million in 2015, and since its formation, it has orchestrated the disposition of more than $1.2 billion apartment and commercial assets. However, the firm brings more than just dollar signs to the table; it has a reputation for the personal touch. As noted on the company’s website, founder Bill Goold points to relationships and friendships he’s built over the years with clients as his biggest source of professional pride.
With Bill Goold Realty now part of the team, JLL is well positioned to capitalize on the particularly desirable Vancouver market. “Vancouver is a dynamic and fast growing city with a diversified economy. The topography prevents over-building or urban sprawl and thus, as the city grows, values continue to appreciate. Vancouver frequently tops global surveys as the city with the best quality of life and it continues to attract new immigrants year over year,” Miller added.
But JLL is looking at the bigger picture, too. The Bill Goold Realty acquisition will also allow the firm to source more investment opportunities for clients and draw additional local, regional and international investor attention to B.C.’s commercial real estate market.