Property advice firm GVA is acquired by Avison Young
PROPERTY advisory firm GVA is to be acquired by Canadian-based commercial real estate company Avison Young.
GVA has1,500 employees in 15 offices throughout UK, Ireland and Poland and is a majority shareholder of GVA Worldwide Ltd, an international organisation of licensed affiliate commercial real estate companies with offices across 25 countries, which includes GVA NI (www.gvani.co.uk) in Belfast.
Jago Bret, senior director of GVA NI and a partner at GVA Worldwide, said, “This deal represents a significant outcome for GVA NI as a business, our clients and our staff on a local level and of course on a global scale for GVA Worldwide Ltd.
"We look forward to being part of a stronger global real estate advisory platform which will enable us to better service our clients and ultimately expand our client base.”
The acquisition of GVA represents the next stage in Avison Young's aggressive growth strategy and establishes the company as the only privately held, principal-led, global and full-service real estate services firm.
Avison Young will combine GVA with its existing UK operations and subject to the satisfaction of customary closing conditions, the transaction is expected to close during the first quarter of 2019.
The combined operations of Avison Young will have 19 offices and 1,600 employees in the UK alone, working with clients on the transaction and consultancy sides of the business.
“We look forward to working with the Avison Young team, as we continue to promote a high-quality real estate advisory service to our clients across the island of Ireland with our colleagues in GVA Donal O Buachalla,” Mr Bret added.