GVA and Apleona confirm separation
Independent commercial property agent GVA has announced a separation with management services company Apleona, allowing the two companies to focus on their respective core markets.
GVA chief executive Gerry Hughes said: “The separation is a significant development which gives us greater focus and control over the next phase of our growth. We now have a closer operational relationship with our shareholder, which will fast-track the delivery of our strategy.
“2017 was another strong year for GVA operationally and financially. As well as achieving our financial targets, we welcomed 25 new directors and senior directors to our business, and we are looking forward to accelerating our growth in 2018 and beyond.”
Andy Mottram, former member of JLL’s EMEA board, has been appointed chairman.
Discussing the move, Mottram said: “GVA is a great brand in the UK with a real sense of momentum. The firm offers a unique market proposition blending consultancy and transactional services across both the private and public sectors and its regional network is the envy of the market. I look forward to supporting Gerry and the team in the next phase of our journey.”