Avignon Capital, the European property investment firm and asset manager, has announced the launch of Platinum Property Management in a joint venture with McCafferty Asset Management.
Avignon Capital has formed a strategic partnership with McCafferty Asset Management, a European asset and property manager, after identifying a gap in the market for a high quality Pan-European property management service.
Platinum Property Management will offer a flexible and tailored approach and will act as the link between landlord and tenant to improve services by building stronger relationships and providing an all-encompassing real estate solution. Platinum’s services will build on McCafferty’s strong accountancy knowledge and will include service charge management, rent collection, lease administration, property maintenance as well as strategic advice on matters related to tenants and landlords.
Platinum will manage a portfolio of UK and European real estate assets and will be on the ground to provide a hands-on approach with offices in London, Manchester, Berlin, Munich and Zurich. An additional office in the Netherlands will be opened in 2018.
Platinum will utilise McCafferty’s existing infrastructure and clients will benefit from the combined asset and property management capabilities, the partnership will ensure that the management of properties is tightly aligned to overall asset management strategies and will ultimately improve services and returns for clients.
Patrick Flaton, CFOO of Avignon Capital said: “This is an exciting time for Avignon as we believe that our existing and new clients will benefit from having a fully aligned team of investment, asset and now property managers. We will now be able to help our clients with all aspects of the property investment cycle.
“This was a strategic decision to partner with McCafferty as Platinum will benefit from McCafferty’s strong experience and resources and will be able to deliver the objective of maintaining and increasing the capital and rental values.”
Charles Whittle, CEO of McCafferty Asset Management, added: “In Avignon we recognised a shared passion for delivering high quality service to clients.
Platinum Property Management will build close relationships with clients and asset managers ensuring the property management is aligned with the asset management strategy, which we believe is the key to delivering growth.”
This partnership will ensure that Platinum will have a strong foundation by utilizing McCafferty’s current expertise and resources in the UK and across Europe. We look forward to growing the business further in 2018”