Avison Young, a private global commercial real estate services firm, has completed the acquisition of GVA, one of the UK-based real estate advisory businesses.
The two companies will combine under one unified brand, Avison Young, from today.
The acquisition establishes Avison Young as the only privately held, principal-led, global, full-service commercial real estate services firm. The combination also establishes Avison Young among the top five commercial real estate advisory businesses in the UK.
Avison Young Principal and UK Managing Director Jason Sibthorpe becomes Principal and President, UK; GVA CEO Gerry Hughes becomes Principal and Managing Director, UK and Managing Director, Global Consultancy; and GVA Chair Andy Mottram becomes Principal and Managing Director, Europe.
Gordon Isgrove, Principal, Avison Young in Bristol where 80 people are employed, said: “Today we’re celebrating GVA joining the Avison Young family and bringing the brand to the South West for the first time. This is fantastic news for our people, future recruits and our clients. We’re joining an organisation of like-minded people, aiming to grow our business and support each other, to deliver for our clients.
“This marks the start of a new phase of growth for us, and in particular for our team in Bristol. We’re looking forward to developing our business here even further; it is great to extend our network with the Avison Young team we join, particularly the North American market.”