Global firm agrees ‘transformational’ deal for property agency

Avison Young's UK MD Jason Sibthorpe, GVA chief executive Gerry Hughes, Andreas Aschenbrenner, EQT Partners, and Avison Young's chief executive Mark Rose
Property agency GVA has been bought by Avison Young in a "transformational" deal for the Canadian business. The deal, which has been reported to be worth more than £250m, adds 1,500 people in 15, mostly UK, offices to Avison Young's 2,700 people in 85 countries. Mark E Rose, chief executive of Avison Young, said: "This is a transformational event that underpins our ambition and intent to significantly expand our footprint in Europe and beyond. "Avison Young’s UK business will now be a genuine challenger brand firmly establ... For the full story register now for free or login below...