Over the past seven years, Avison Young has grown from 11 to, now, 75 offices in 67 markets, and from 300 to more than 2,100 real estate professionals in Canada, the US, Mexico and Europe.

Founded in 1991, NRS is one of the UK's leading commercial property service providers, with a focus on the logistics/warehousing, manufacturing, office and mixed-use sectors. The company works on behalf of major investors, developers and occupiers.

"Robert, Andrew, Peter and Tom are well-respected leaders within the commercial property industry, and their combined experience and approach to the delivery of client projects will be extremely beneficial to Avison Young as we continue to execute our strategic growth plan throughout the UK," Rose added. "Moreover, the recruitment of the eight members of the NRS team will further strengthen our existing high-performing UK team."

Nick Cook, a principal of Avison Young and managing director of the firm's London and Thames Valley offices, will also serve as managing director of the new Coventry office and oversee the company's strategic direction in the Midlands. As Principals of Avison Young, Rae, Jackson, Keir and Kimbell will jointly manage the day-to-day operations of the Midlands office while serving new and existing clients.

Effective immediately, Avison Young's new Midlands office is located at Orchard Court, Binley Business Park in Coventry.

"Our entire team looks forward to working with our new colleagues at Avison Young," states Rae. "The acquisition will enable us to grow our business and provide access to a broader range of resources. The Avison Young brand will also enable us to deliver an unprecedented level of service to our current and future clients throughout the U.K. and other parts of Europe, as well as in North America. Taking advantage of the Midlands' rising population, vibrant industrial real estate sector and strong job-growth opportunities, our legacy team will enable Avison Young to enhance its full-service platform and overall market reach."

Avison Young, headquartered in Toronto, entered the U.K. market in April 2014, when it acquired London-based commercial real estate services firm Haywards LLP and opened new offices in London and Thames Valley. The London-area locations represented Avison Young's first offices outside of North America and a milestone step in the firm's ongoing aggressive global growth and expansion strategy.

Coventry is the fastest-growing city in England outside of London and the fifth fastest-growing city in all of the U.K., according to government population figures released in 2015. The Midlands region, home to more than 9 million people, plays a key role in the UK economy.

Monday's announcement comes on the heels of Avison Young acquiring Toronto-based property appraisal company Metrix Realty Group Inc. on January 4.