Avignon Capital - Boutique Real Estate Management

The newly converted 101 room apart-hotel marks Staybridge Suites’, which forms part of the Intercontinental Hotel Group, first opening in the Netherlands. This off-market acquisition is attractive to our investors as it provides secure long-term income, with a long unexpired term and annual CPI linked rent reviews.  Staybridge Suites is a well-recognised global brand and there is the opportunity to capture robust growth from hotel demand in The Hague in the long term.

Danzigerkade 16 is a modern and sustainable building, which has been developed to a high ‘Grade A’ specification. The building is located in an up-and-coming ‘live-work’ creative hub in Amsterdam – an area that is set to become one of the most attractive locations in Amsterdam. The full development of the area is expected to complete in 2021 but has already attracted global brands such as Tommy Hilfiger, Calvin Klein and Marriot’s first Moxy’s hotel in Holland.

Avignon was given the opportunity to acquire another hotel in Amsterdam, which is excellently located in the main Amsterdam Metropolitan Area. The acquisition of the Hyatt Place Amsterdam Airport Hotel was secured in an off-market transaction for €53.8m. The asset benefits from a long unexpired lease term with annual indexed rental income.

Avignon Capital acquired the purpose-built property, let to OPCW, for €38m. The deal to acquire the OPCW building presented Avignon with an off-market opportunity to acquire a purpose-built asset that has a strong relationship with the UN and its member nations.

Two hotels were acquired in Frankfurt and Berlin let to European hotel chain Meininger. The booming German hotel industry presented us with an opportunity to diversify our portfolio whilst sticking to our philosophy of investing in attractive locations with strong growth fundamentals.

An opportunity was given to Avignon to acquire a second Umspannwerk, a tech focused mixed-use asset in Berlin’s tech cluster. We will maximize investment returns through an innovative asset management strategy. The strategy for the building is to re-brand and invest significant capital into improvements.

Through active asset management which has provided strong rental evidence, we have driven sustained income growth at the last two rounds of reviews. We have recently taken a surrender of a prime restaurant unit for a reverse premium with the new rent forecast to be 30% higher than the previous rent.

Architecturally attractive building in an affluent area of Birmingham. An off market acquisition delivering strong capital and income growth since purchase.  We regularly hold food based community markets and are proud that the asset received the High Street Renaissance award for 2015.

An opportunistic acquisition of an architecturally outstanding high street retail block. With under 5 years on the existing leases the strategy is to improve the security of income and develop the upper floors into student accommodation.

Acquired with the benefit of a 45 year unexpired index linked term to a tenant guaranteed by the Spanish government. The asset was refinanced in 2015 following the improvement in Spanish debt markets, this returned a significant amount of the original equity to our investors.

TMT focused mixed use asset in Berlin’s start up hub. Berlin is an exciting market for us. Although the City is complex we believe the growth potential is compelling. Our business plan is to sustainably manage the historic asset to deliver investor return and create landmark impact led project.