Avignon Capital, the European property investment firm and asset manager, has received a new mandate to invest in Australia, where it will focus on office real estate and hotels. Having previously invested exclusively and successfully in Europe, Avignon Capital will target Sydney and Melbourne, and will be looking to deploy capital over several assets, lot sizes between $20-$50m.
Australia’s stable macroeconomic and investment climate makes it an ideal destination for Avignon Capital to continue with its business expansion. The Australian investment market experienced a buoyant 2016 and 2017, which looks set to continue: there has been a 94% increase in direct commercial real estate investment in the second quarter of 2017 compared to the previous quarter.
Avignon has identified that Sydney and Melbourne’s office real estate market is particularly attractive and the best performing in Australia, and similarly the hotel real estate market provides strong opportunities for investment.
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