Asia's CLSA and Avignon tie up for Europe CRE investment drive

By Paul Norman - Tuesday, March 06, 2018 9:31

Avignon Capital, the London-based European property investment and asset management business, has formed a strategic partnership with CLSA, the leading Asian capital markets and investment group and the international platform of China’s largest investment bank CITIC Securities, to drive an initial expansion into Europe for CLSA’s Asia-based real estate investment business.

To facilitate CLSA’s move into Europe, as well as investment flows of Asian capital seeking European real estate opportunities, CLSA has chosen to partner with Avignon Capital for “their innovative approach and proven track record in European property investment”.

The partnership said it would leverages Avignon Capital’s investment management experience and knowledge of European real estate markets with CLSA’s market leading position in Asia, established relationships with global institutional investors and strong ties to China. The combination of the two institutions provides an effective platform for future institutional investment products.

Avignon Capital has a track record of identifying and investing in g European cities such as Berlin, Copenhagen and Amsterdam. In 2017, the firm completed several high-profile transactions, including acquisitions in The Netherlands and Germany, and disposals of its portfolios in Copenhagen and Barcelona, which achieved record returns to investors.

Avignon Capital’s partnership with CLSA marks the latest in a series of  undertakings for the company. Avignon Capital has grown its assets under management to record levels over the twelve months, expanded into The Netherlands, entered the European hotel market and launched Platinum Property Management, a property management service founded in partnership with McCafferty Asset Management.

Avignon Capital Managing Partner Patrick Flaton said: “This is an exciting partnership with an established and respected global financial company. Avignon Capital will benefit from a combined 50 years of experience that CLSA and CITIC Securities bring, along with their access to institutional investors from Asia and the US. The partnership will enable further growth and open new markets for Avignon Capital.”

Flaton commented further: “We enjoyed a momentous 2017 and this is the next important milestone for Avignon Capital, positioning us for longer-term growth and expansion. We are proud of our track record and delighted that CLSA decided to partner with us. They are an ideal strategic partner and we look forward to building a strong, long-term relationship with them.”

CLSA CEO Jonathan Slone said: “In Avignon Capital we have found a dynamic partner with an excellent track record and deep knowledge in the underlining fundamentals of property investment in Europe. Building on our existing CLSA real estate platform, including the successful Fudo Capital series of pan-Asia real estate funds, we look forward to partnering with Avignon Capital to provide our institutional clients greater access to high quality, unique European real estate investment opportunities.”

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