Avignon Capital, the European property investment specialist, has announced the opening of its first office in continental Europe in Berlin.
The opening of the German office is part of Avignon Capital’s wider European expansion strategy, Patrick Flaton, CFOO, said. 'Berlin is a city that encapsulates the key values of Avignon Capital: innovation, creativity and a drive for growth.'
The office will be located in the Umspannwerk Prenzlauer Berg (Ampere) building, a former electricity transformer station acquired by Avignon Capital in July 2016. The listed property is located in in Berlin’s Prenzlauer Berg district, widely regarded as a ‘tech-cluster’ in the city.
To support the development of Avignon Capital’s presence in Germany, the firm intends to expand its on-the-ground German team, creating a number of jobs for real estate professionals in Berlin.
Avignon Capital is seeking to grow the firm’s German portfolio. At present, the Berlin assets include the award-winning Umpsannwerk building in Kreuzberg, the 24,000 sq ft Berliner Union Film campus and the aforementioned Ampere building.
Avignon Capital is a European property investment and asset management business based in London’Avignon’s core markets are the UK, Germany, Nordics and Spain. Avignon’s clients include private investors, family offices and the listed Cubic Property Fund.
As of Q3 2016, Avignon had assets under management of €650 mln, with 103 properties across five countries in its portfolio.
