Gordon Brothers and Jones Lang LaSalle (JLL), a professional services firm, expanded their alliance to offer integrated services to businesses operating in Spain and Portugal that are going through change or transformation. The alliance covers the retail and industrial sectors. This expansion builds upon an established alliance in the U.S. that has been providing retailers and industrial companies with expansion, restructuring, sales, appraisal and relocation services.
Gordon Brothers supports business transformations through its valuations, dispositions and capital, and JLL brings a real estate services platform, capital market services and property management capabilities. Additionally, the alliance provides solutions under a single management workflow for real estate, inventory, plant and equipment, furniture and brands. Gordon Brothers and JLL support companies that may require asset disposition or capital by optimizing their operations and liquidity. The combined services include real estate portfolio review, mitigation, lease termination and restructuring, sales, valuations, asset disposals, licensing and brand conversions, client migration, financing, location scouting and site analysis.
“The alliance with JLL allows us to offer a comprehensive asset restructuring service for companies and businesses undergoing transformation processes, including real estate assets,” Álvaro Cobo, managing director for Spain and Portugal at Gordon Brothers, said. “Together, we have an extensive in-house expertise to analyse the value of the assets, significant experience in the sale or liquidation of assets and financial capacity to support companies and businesses that need it on a transitional basis.”
“We are delighted this agreement allows us to provide our diverse and sophisticated Spanish and Portuguese customer base with a complementary range of valuation, appraisal and non-real estate asset management services Gordon Brothers offers,” Sergio Fernandes, head of capital markets of JLL Spain, and Mariana Rosa, head of leasing markets advisory of JLL Portugal, said in a joint statement. “Our new partner is the leading expert in asset-based liquidity solutions and has a deep understanding of asset classes like inventory, plant and equipment and brands. Through this alliance, we gain the ability to deploy capital in Spain and Portugal to support retail and industrial companies throughout their lifecycle.”
