European asset managers Avignon Capital and McCafferty Asset Management said that they have joined forces to launch a new asset and property management platform after 'identifying a gap in the market for a high-quality Pan-European property management service'.
The platform, named Platinum Property Management, will offer a tailored approach and will act as the link between landlord and tenant to improve services by building stronger relationships and providing an all-encompassing real estate solution.
Platinum’s services will include service charge management, rent collection, lease administration, property maintenance as well as strategic advice on matters related to tenants and landlords. The company will utilise McCafferty’s existing infrastructure.
Platinum will manage a portfolio of UK and European real estate assets with offices in London, Manchester, Berlin, Munich and Zurich. An additional office in the Netherlands will be opened in 2018, the companies said.
'This is an exciting time for Avignon as we believe that our existing and new clients will benefit from having a fully aligned team of investment, asset and now property managers. We will now be able to help our clients with all aspects of the property investment cycle,' said Patrick Flaton, CFO of Avignon Capital.
Avignon Capital is a European property investment and asset management business based in London’s West End and with €675 mln of assets under management. Avignon Capital’s core markets are the UK, Germany, the Netherlands and Spain, and its clients include private investors, family offices and the listed Cubic Property Fund.
McCafferty Asset Management manages €2.0 bn of European property assets on behalf of private and institutional investors. It has offices in Manchester, London, Munich, Berlin, Bern, Wollerau and Zurich.
An interview with Avignon Capital appears on Thursday.
