Avison Young is one of the world’s fastest-growing commercial real estate firms. Founded in 1978 the Canadian based company now operates in 20 different countries, 112 markets and 124 offices with over 1,600 brokers and 5000 real estate professionals.
The company have announced today that it has officially acquired UK based GVA, who are the largest independent commercial property agency in the UK.
GVA’s website has already been redirected to Avison Young’s homepage as the company will combine under the Avison Young brand only.
Avison Young now sit amongst the top five commercial real estate advisory businesses in the UK.
Shortly after the acquisition, the company announces new leadership changes:
1) Avison Young Principal and U.K Managing Director Jason Sibthorpe becomes Principal and President, U.K.
2) GVA CEO Gerry Hughes becomes Principal and Managing Director, U.K.
3) Managing Director, Global Consultancy; and GVA Chair Andy Mottram becomes Principal and Managing Director, Europe.
Following this acquisition – Avison Young adds multiple offices globally:
United Kingdom (London, Belfast, BirminghamBrighton, Bristol, Cardiff, Edinburgh, Glasgow, Leeds, Liverpool, Maidenhead, Manchester, Newcastle)
Austria (Vienna); Bulgaria (Sofia); China(Beijing, Guangzhou, Hong Kong, Shanghai); Croatia (Zagreb); France(Bordeaux, Lyon, Marseille, Paris); Greece (Athens, Thessaloniki); Italy(Milan, Rome); Norway (Oslo); Poland (Warsaw); Republic of Ireland(Dublin); Romania (Bucharest, Cluj-Napoca, Timisoara); Russia(Moscow); Spain (Madrid); and United Arab Emirates (Dubai).
Mark Rose, Chair and CEO, Avison Young, said:
“This acquisition represents another milestone in our global expansion strategy, and the combination will better position Avison Young to serve our clients across the world,” comments Rose. “Furthermore, the acquisition establishes Avison Young as the global, disruptive challenger brand. We are now 5,000 strong, having nearly doubled our size and ability to provide clients with whatever they need, wherever in the world they need it. In GVA, Avison Young has added a like-minded U.K. real estate leader – a company that brings a partnership culture formed during more than 200 years in business.”
Rose continues: “The acquisition increases our scale and presence, expands our global talent pool and reach, and enhances the breadth and balance of our services. Most importantly, the combination increases the resources that we can invest in innovation to keep our clients ahead of the curve.”