November 9, 2018
Toronto-based Avison Young and Apleona Limited, a portfolio company owned by global private-equity firm EQT, entered into a definitive agreement for Avison Young to acquire GVA, a subsidiary of Apleona and one of the U.K.’s leading and most diverse real estate advisory-led businesses. Avison Young will combine GVA with Avison Young’s existing U.K. operations.
Avison Young’s Mark E. Rose says, “We couldn’t be more excited to welcome GVA to 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 U.K., North America and the world.”
Watch the video above to hear more from our exclusive interview with Rose about the deal with GVA and what it means for the company.
London-based GVA is a multi-disciplinary business offering clients 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 UK, Ireland and Poland. Avison Young currently has 2,700 real estate professionals in 85 offices in Canada, the U.S., Mexico, the UK, Germany, Romania and Korea.
The transaction is expected to close during the first quarter of 2019.
Pictured (left to right) Jason Sibthorpe, Principal and U.K. Managing Director, Avison Young; Gerry Hughes, CEO, GVA; Andreas Aschenbrenner, Partner at EQT Partners; Mark Rose, Chair and CEO, Avison Young
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