Avignon Capital, the European property investment and asset management firm has launched a new in-house corporate accounting service.
The new service is aimed at helping real estate investors navigate the increasingly complex accounting and compliance responsibilities unique to real estate and will cover a range of services including cash flow management, dividend resolutions, joint venture accounting and risk analysis.
COVID-19 has presented a new set of challenges to real estate investors. Efficient and timely corporate accounting will play a critical role in creating and maintaining the long-term value of real estate and helping the industry recover and adapt quickly.
Avignon will be able to provide existing clients an end-to-end service from investment all the way through to accounting and reporting, while also offering this as a standalone service to external investors, asset managers and advisers.
This new initiative will be headed up by Darragh Comer, who has worked closely with Avignon over the past few years and is fully familiar with the group of companies and able to lead this service to clients across the UK and Europe.
Darragh Comer, Head of Corporate Accounting at Avignon Capital said: “During this critical moment of unprecedented business and economic challenges for investors, it is important to remember that good accounting can enhance the value of real estate portfolios and assets.
I am delighted to be joining Avignon and while the future effects of the COVID-19 pandemic are still uncertain, my goal is to help investors by delivering corporate accounting to the highest standards.”
Patrick Flaton, CEO at Avignon Capital said: “The launch of our specialist corporate accounting business was part of our long-term strategy to expand our integrated services offering to our clients, with recent events accelerating the need for this service.
Now more than ever, investors are demanding integrated services of the highest standard to improve business resiliency and thrive against the uncertainty created by this pandemic.
We believe there is a gap in the market for a boutique company to provide pure real estate accounting services. Our team has comprehensive knowledge of the real estate industry and because we are 100% focused on this sector, we are able to provide a better service, as we speak the same language.”
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