Avison Young and global private-equity firm EQT, announced that they have entered into a definitive agreement for Avison Young to acquire GVA. Avison Young will combine GVA with Avison Young’s existing UK operations. The transaction is expected to close during the first quarter of 2019.
Avison Young currently has 2,700 real estate professionals in 85 offices in Canada, the U.S., Mexico, the UK, Germany, Romania and Korea. Upon the closing of the transaction, Avison Young will add 1,500 real estate professionals in 15 offices in the UK, Ireland and Poland. Including GVA Worldwide, the combined operations will have 5,000-plus professionals in more than 120 offices across 25 countries.
GVA has a broad customer portfolio of national and international clients, including UK public institutions, multinational corporations, major space users, developers, owners, lenders and investors.