Avison Young has struck a deal to buy British real estate advisory-led business GVA.
The deal with bring the Canadian juggernaut’s UK office count to 19 and some 1,600 employees.
“We couldn’t be more excited to welcome GVA to Avison Young,” said Mark E. Rose, Chair and CEO of Avison Young.
“This is a transformational event that underpins our ambition and intent to significantly expand our footprint in Europe and beyond. Avison Young’s U.K. business will now be a genuine challenger brand firmly established among the top commercial real estate advisors in the UK, North America and the world.”
GVA ia a subsidiary of Apleona Limited which is, in turn, a portfolio company owned by global private-equity firm EQT.
Avison Young will combine GVA with its existing UK operations. The London-based firm is a multi-disciplinary business offering a service that spans the entire property life cycle from strategy and planning through to delivery and management.
The firm has 1,500 employees in 15 offices in the U.K., Ireland and Poland.
GVA is also a founding member and majority shareholder of GVA Worldwide Ltd., an international organization of licensed affiliate commercial real estate companies with offices across 25 countries.
Its customer portfolio includes U.K. public institutions, multinational corporations, major space users, developers, owners, lenders and investors.
Including GVA Worldwide, the acquisition with take Avison Young’s headcount to 5,000 real estate professionals in 120 offices across 25 countries.
“Our approach to growth in the U.K. continues to be both disruptive and holistic,” said Jason Sibthorpe, Avison Young principal and UK managing Director. “We intend to continue to invest, and we see great opportunity for further growth in all areas.”