{"id":1004296892,"date":"2019-02-06T01:53:58","date_gmt":"2019-02-06T09:53:58","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004296892"},"modified":"2019-02-12T12:06:38","modified_gmt":"2019-02-12T20:06:38","slug":"avison-young-completes-merger-with-gva","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/avison-young-completes-merger-with-gva\/","title":{"rendered":"Avison Young Completes Merger With GVA"},"content":{"rendered":"
\"Gerry<\/a>

From left to right: Gerry Hughes, Jason Sibthorpe, Mark Rose, Andy Mottram<\/p><\/div>\n

Avison Young has closed on its acquisition of U.K.-based GVA, with the two companies now combined under the Avison Young name and brand. The company increased its revenue to nearly $1 billion in 2018.<\/p>\n

\u201cGVA allows us to expand our global platform, become a top-five player in the U.K. and add strategic consultancy businesses,\u201d <\/em>Avison Young CEO Mark Rose told Commercial Property Executive. \u201cThis merger expands our reach and advice-led services to institutional, corporate and private clients worldwide. Their 200-year old history of private, partnership was a perfect fit for our principal-led culture.\u201d<\/em><\/p>\n

The deal was initially conceived<\/a> back in November. Now that it\u2019s complete, it establishes Avison Young as the only privately held, principal-led, global full-service commercial real estate services firm.<\/p>\n

With the deal in place, Jason Sibthorpe, Avison Young\u2019s managing director in the U.K., now serves as president of U.K. Gerry Hughes, GVA\u2019s former CEO, is now managing director of U.K., while Andy Mottram, former GVA chairman, is now managing director of Europe.<\/p>\n

Expanding its global presence<\/h2>\n

The acquisition also included GVA Worldwide Ltd.\u2014a noted international organization of licensed affiliate commercial real estate advisory companies. Therefore, the merge between companies means Avison Young now has new offices throughout the U.K. in London, Belfast, Birmingham, Brighton, Bristol, Cardiff, Edinburgh, Glasgow, Leeds, Liverpool, Maidenhead, Manchester and Newcastle.<\/p>\n

The deal also provides the firm with offices in Vienna, Madrid, Moscow, Dublin, as well as in Sofia, Bulgaria, Zagreb, Croatia, Oslo, Norway, Warsaw, Poland, Dubai. In addition, Avison Young’s branches are present in four cities in China\u2014Beijing, Guangzhou, Hong Kong and Shanghai, four cities in France\u2014Bordeaux, Lyon, Marseille and Paris, two in Greece\u2014Athens and Thessaloniki, two in Italy\u2014Milan and Rome) and three in Romania\u2014Bucharest, Cluj-Napoca and Timisoara.<\/p>\n

\u201cThis deal represents another milestone in our global expansion strategy, and the combination will better position Avison Young to serve our clients around the world<\/em>,\u201d Rose said.<\/p>\n

Since 2008, Avison Young has increased its scope from 300 real estate professionals in 11 offices in Canada to about 5,000 real estate professionals in 120 offices in 20 countries.<\/p>\n

Image courtesy of Avison Young<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The newly expanded firm consists of more than 5,000 professionals and 120 offices in 20 countries.<\/p>\n","protected":false},"author":451,"featured_media":1004296895,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21781,21743,16,21783,21742],"tags":[33022,42908,33545],"class_list":["post-1004296892","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-real-estate","category-deals","category-international","category-investment","category-latest","tag-avison-young","tag-gva-worldwide","tag-mark-rose"],"acf":[],"yoast_head":"\nAvison Young Completes Merger With GVA - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/avison-young-completes-merger-with-gva\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Avison Young Completes Merger With GVA\" \/>\n<meta property=\"og:description\" content=\"The newly expanded firm consists of more than 5,000 professionals and 120 offices in 20 countries.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/avison-young-completes-merger-with-gva\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-06T09:53:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-02-12T20:06:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/Gerry-Hughes-Jason-Sibthorpe-Mark-Rose-Andy-Mottram.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keith Loria\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/avison-young-completes-merger-with-gva\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/avison-young-completes-merger-with-gva\/\",\"name\":\"Avison Young Completes Merger With GVA - 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