PARTNERS at property consultancy King Sturge are in line for a £197m windfall after the business unveiled a merger with rival Jones Lang LaSalle.

An estimated 87 equity partners will share £98m when the deal closes on Tuesday and a further £99m over the next five years.

The acquisition by Jones Lang LaSalle will see the combined business become the biggest property consultancy in the UK and mainland Europe.

All 43 King Sturge offices and businesses, including 24 in the UK, will adopt the Jones Lang LaSalle brand.