Avison Young, the world’s fastest-growing commercial real estate services firm, has named Peter Constantine as Principal. Peter, who is the Managing Director of Avison Young’s Cardiff office, is one of a number of senior directors formerly with GVA, who have been named Principal.
The announcement follows Avison Young’s recent acquisition of GVA, one of the UK’s leading and most diverse real estate advisory businesses.
A total of 100 new Principals have been announced this week, all based in the UK, Republic of Ireland and Poland. The Principals all receive Avison Young shares along with the right to vote and set the strategy for Avison Young. Avison Young, based in Toronto, Canada, now has more than 600 Principals globally.
Principals of Avison Young are industry leaders who exemplify the firm’s partnership structure, collaborative culture and client-centric business model. In addition, Principals have distinguished themselves in their fields of expertise while embracing the company’s dedication to corporate social responsibility and sustainability.
“We’re thrilled to welcome the new Principals to our significantly expanded and enhanced Avison Young family,” comments Mark E Rose, Chair and CEO of Avison Young. “At Avison Young, we provide industry-leading advice to clients throughout the real estate lifecycle. Principals play key roles in every transaction and drive our culture as we place clients, strategy and people before profits. Accordingly, Principals play vital roles in building long-term relationships as we provide an integrated suite of services to clients on a local, national and global scale. Our empowering, client-first model and culture help us attract the very best people and drive benefits for our clients and communities.”
Peter Constantine, new Avison Young Principal and Managing Director, Cardiff, says, “As one of the newly appointed Principals, and on behalf of all my colleagues in Cardiff, we’re excited to have joined a culture that strongly resonates with us as a legacy partnership and we look forward to working with our new colleagues across the Avison Young community, supporting the continued growth and success of our business.”
The acquisition of GVA, which closed on January 31, 2019, established Avison Young as the only privately held, Principal-led, global, full-service commercial real estate services firm. The combination also established Avison Young among the top five commercial real estate advisory businesses in the U.K.
GVA brought to Avison Young a broad portfolio of national and international clients, including U.K. public institutions, multinational corporations, major space users, developers, owners, lenders and investors. In the U.K. alone, Avison Young now has 18 offices and 1,600 employees working with clients on the transaction and consultancy sides of the business.
Avison Young now has approximately 5,000 real estate professionals in 120 offices in 20 countries.
Rose concludes: “This is another exciting and memorable day in the history of Avison Young in connection with our combination with GVA. Our people are united in working towards a common purpose, that our places build people, and we want real estate to have a positive impact on people’s lives. This approach drives a culture that is based on mutual respect, open communication and collaboration, putting diversity of thought and well-being at its heart. Our 100-plus new Principals will help us ensure that we hold true to our common purpose.”
Avison Young is the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its Principals. Founded in 1978, with legacies dating back more than 200 years, the company comprises approximately 5,000 real estate professionals in 120 offices in 20 countries. The firm’s experts provide value-added, client-centric investment sales, leasing, advisory, management and financing services to clients across the office, retail, industrial, multi-family and hospitality sectors.