Optimism sees GVA profits climb 33pc

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GVA’s turnover rose seven per cent to £157.6m in the year to April 2014, as optimism from developers buoyed its performance, the firm said.

The climb in turnover resulted in pre-tax profit boost of 33 per cent to £10.4m for the commercial property consultancy in its last financial year.

Rob Bould, chief executive of GVA, said: “These results highlight our growing strength here in the UK, and bolster our position as the UK’s leading regional advisory.”

In July 2014, GVA merged with Bilfinger Real Estate to form a European consultancy. The results, which cover the period prior to the merger, show GVA’s “pan-European position”, Mr Bould said.

“Our performance in the UK is providing us with a strong platform from which to grow,” he said. Bilfinger Real Estate’s commitment to “heavily invest” in GVA will allow the firm to capitalise on opportunities from the alliance, Mr Bould added.