In sync with its disciplined acquisition strategy, Jones Lang LaSalle Incorporated (JLL Quick QuoteJLL - Free Report) , popularly known as JLL acquired Kuala Lumpur, Malaysia-based interior design consultancy firm PDM International. This acquisition is likely to complement the project and development services offerings of JLL in the Asia Pacific region and bring cities like Beijing, Shanghai, Bangkok, Kuala Lumpur and Seoul under its service umbrella.

Notably, PDM is engaged in delivering innovative design and construction services for retail, office, residential, hospitality and leisure real estate projects and has over 180 professional staff. Joining with a leading full service real estate firm like JLL is indeed a big opportunity for PDM to expand its business in the Asia Pacific region.

JLL provides corporate, financial and investment management services to corporations and other real estate owners, users, and investors worldwide. On Aug 2, JLL reported second-quarter 2016 adjusted earnings of $1.93 per share, missing the Zacks Consensus Estimate of $1.98. Adjusted earnings for second-quarter 2015 were $2.01 per share.

Since the beginning of 2015, JLL announced or closed over 40 margin-accretive transactions with a total value of around $1.2 billion. The latest acquisition is an ideal strategic fit and will bolster its capabilities in the Asia Pacific region.

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JLL currently has a Zacks Rank #4 (Sell). Investors interested in the real estate industry can consider stocks like Colliers International Group Inc. (CIGI Quick QuoteCIGI - Free Report) , Henderson Land Development Co. Ltd. (HLDCY Quick QuoteHLDCY - Free Report) and Sun Hung Kai Properties Limited (SUHJY Quick QuoteSUHJY - Free Report) . Each of these stocks carries a Zacks Rank #2 (Buy).

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