Avignon and McCafferty team up for new property management JV

Property investment firm Avignon Capital has teamed up with long-established asset management group McCafferty Asset Management to create Platinum Property Management, to exploit what both see as a gap in the market for a high-quality pan-European property management service.

Platinum says it 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.

Charles Whittle, CEO of McCafferty Asset Management, said 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."

The new company will manage a portfolio of UK and European real estate assets through offices in London, Manchester, Berlin, Munich and Zurich. An additional office in the Netherlands will be opened in 2018.

McCafferty already manages about €2.0bn of European commercial property assets on behalf of private and institutional investors, including retail, residential, offices and industrial properties.

Avignon Capital’s core markets are the UK, Germany, the Netherlands and Spain, and its clients include private investors, family offices and the listed Cubic Property Fund. Its portfolio includes prime retail real estate, offices, hotels and mixed-use, multi-let campuses.

Avignon Capital’s Umspannwerk Kreuzberg property in Berlin has attracted technology giant Google, where it established their first campus in Germany. As of 30 September 2017, Avignon has €675m of assets under management, with 112 properties across five countries in its portfolio.