9 November 2018 | Herpreet Kaur Grewal
Global real estate adviser Avison Young has entered into a definitive agreement to acquire UK-based GVA.
The deal is expected to "reposition Avison Young on the global commercial real estate services stage".
Subject to the satisfaction of customary closing conditions, the transaction is expected to close during Q1 2019.
Avison Young states that it intends "to continue to invest, and we see great opportunity for further growth in all areas, particularly in the transactional space".
It added: "The history of GVA spans two centuries, and its rich heritage and long-time employees, combined with Avison Young's existing skilled team in the UK region, will give us an unrivalled ability to serve all client needs."