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Leisure company purchase boosts GVA expansion plans.

Byline: Tony McDonough

PROPERTY consultancy GVA is to expand its presence in the hotels and leisure market with the acquisition of Humberts Leisure.

Contracts have been exchanged, and GVA will complete the deal later this month.

The new leisure unit, to be named GVA Humberts Leisure, will bring together the specialist leisure advisory expertise of Humberts Leisure and GVA's existing hotels and leisure capability.

GVA is the seventh-largest property advisor in the UK, and the firm says this acquisition will establish it as "one of the UK's leading leisure consultants".

Mark Rawstron, regional senior director at GVA in the North West, said: "We welcome this expansion into the hotel and leisure sector.

"GVA has a dedicated hotel and leisure offering in the North West, so the acquisition of such a prestigious business as Humberts Leisure is of great significance to our business in the region.

"The leisure sector requires a highly specialised skills-set, and it is important to us that we can deliver to our clients the best possible advice in these challenging times."

Its existing hotels and leisure team, led by James Williamson and Ian Thompson, is particularly focused on hotels, so the acquisition will allow the company to effectively tap into the wider UK leisure sector.

This will include pubs and licensed property, hotels, general leisure, holiday property and caravan parks, golf courses, sports complexes and venues, urban leisure, water-based leisure, visitor enterprises and institutional property.

John Anderson, executive chairman of Humberts Leisure, added: "We''re delighted to have agreed the merger with GVA as this provides us with a strong platform from which to drive our growth strategy.

"Integration of the two complementary leisure teams is a tremendous enhancement to our national leisure service."
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Title Annotation:Business
Publication:Daily Post (Liverpool, England)
Geographic Code:4EUUK
Date:May 11, 2011
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