Avignon Capital has formed an exclusive partnership with iYield, the world’s first liquidity platform for real estate. The partnership will see Avignon Capital sourcing, structuring and managing all European commercial real estate investments for iYield.
iYield is building an innovative liquidity platform for commercial and residential real estate. It combines a listing portal with a powerful exchange that enables illiquid assets to become tradable online. The platform’s technology allows a new class of flexible financing and liquidity products to be embedded into the real estate buying, investing and selling processes, facilitating rapid end-to-end transacting in ordinary and digital currencies.
iYield’s aim is for a much wider audience to be able to become owners and investors in real estate, and for sellers to have better options for realising value. By building a vertically-integrated marketplace, with all the search funding, closing and liquidity steps in one place, iYield is bringing simplicity and convenience to the experience of buying and investing in real estate, and greater speed to the process of selling.
YieldCoin, a real estate asset-backed cryptocurrency created and managed by iYield, is the first product to be launched using the platform’s infrastructure. YieldCoin will act as a scalable conduit for capital to provide liquidity across major real estate markets, whilst being a stable store of value for investors when it becomes available in September 2018.
Avignon will be sourcing commercial investment opportunities across the key European markets and target assets that have a good rental yield or re-sale value.
iYield chose to partner with Avignon Capital because of its proven track record of identifying opportunities in leading European cities such as Berlin, Barcelona and Amsterdam. This partnership will combine Avignon Capital’s investment management experience and knowledge of European real estate markets with iYield’s access to capital and investors.
The platform is targeting a launch date in early Q4 2018.
Patrick Flaton, Managing Partner of Avignon Capital said: “The positive outlook of the European real estate market coupled with the exciting emergence of blockchain technology provided Avignon with an excellent opportunity to enter into this partnership with iYield.
Avignon recognised in iYield the opportunity to work with a like-minded and innovative company. iYield will have access to our experienced and dedicated real estate team and we look forward to working with them to build their real estate portfolio.”
Paul Toon, CEO of iYield said: “iYield’s mission is to make real estate more liquid and accessible through innovative transacting infrastructure and products, including cryptocurrencies, and we are delighted to be partnering with Avignon’s highly professional team to offer institutional-grade investment opportunities through our marketplace and YieldCoin product.
We were attracted to Avignon not only because of their strong track record and in-depth sector experience, but also because of their forward-thinking philosophy. We have been very impressed by their origination, structuring and management capabilities, and look forward to scaling up the platform with them.”