Avison Young takes over UK’s GVA
Toronto-based Avison Young access has significantly expanded worldwide, with the acquisition of GVA in the UK.
The acquisition of GVA combines both commercial real estate companies under one brand of unified Avison Young, now the only private, leading-led, global, full-service commercial real estate services company. It is also currently one of the top five commercial real estate consulting companies in the UK.
“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,” said Mark Rose, chair and CEO of Avison Young, who also described his expanded firm as a “global, disruptive challenger brand.”
Avison Young currently has a wide national and international customer portfolio including GVA’s UK public agencies, multinational corporations, large-area users, developers, owners, lenders and investors.
The merger will raise Avison Young’s revenue from 25 to 25 billion dollars in 2008. The value of the acquisition was not disclosed.
Other competing commercial real estate businesses operating in Canada include CBRE, Colliers International, Bentall Kennedy, GWL Realty Advisors, JLL, Cushman & Wakefield and NAI Commercial.
Melike Vodina / realestatecoulisse.com