DLA Piper has advised the shareholders of GVA Grimley Holdings (GVA) one of the UK's largest commercial property consultants, on its sale to Bilfinger SE, an international engineering and services group based in Germany.

GVA is the UK's largest independent commercial property consultant. Headquartered in London and with 12 offices and 700 fee earners across the UK, GVA offers the country's largest and most diverse multidisciplinary property consultancy outside of the capital.

Bilfinger SE is a leading international engineering and services group. The company offers customised services for industrial facilities, power plants, real estate and infrastructure. With more than 70,000 employees, Bilfinger generates an annual output volume of approximately €8.5 billion in its Industrial, Power, Building and Facility and Construction business segments

The Birmingham-based DLA Piper team was led by Corporate partner Jim Lavery who was assisted by senior associate Nigel Cooke.

Jim Lavery said: "We have been delighted to work with management and LDC since the original LDC investment in 2007. This transaction achieves a good exit for LDC and, going forward, enables GVA to take advantage of the fantastic international platform that the acquirer, Bilfinger, is able to provide."