Avignon Capital - Best Wealth Manager (Income Portfolios)
This is the third consecutive year that Avignon Capital, a European real estate investment and asset management business have picked up a Wealth Adviser award. Headquartered in London, Avignon’s global investor base includes private clients, family offices and institutional investors via fund products and separate managed accounts.
As a boutique investment manager, Avignon is able to offer a more flexible and personalised approach that resonates well with the company’s clients.
Patrick Flaton (pictured), Managing Partner at Avignon Capital says: “Over the past 12 months there has been significant growth at Avignon Capital, we have seen our AUM grow to EUR1.1 billion and bolstered the team with new hires across London, Berlin and Amsterdam.”
Avignon is dedicated to delivering exceptional value to its clients and will work closely with them to understand their requirements, tailoring investments to meet their risk / return parameters. Avignon applies this risk / return profile and creates optimal real estate portfolios following this strategy.
Flaton adds “For example, one of our Separate Managed Account clients required a high-income European portfolio following a Core-Plus strategy (providing consistent income returns with long term capital value upside). Avignon created a portfolio across the office and hotel sectors in key Dutch and German cities, and with our asset management initiatives the portfolio is outperforming and exceeding expected returns to the client.”
Looking ahead, the real estate industry faces challenging times and uncertainty has become the new norm. However, bricks and mortar aren’t dead and there are still long-term opportunities for the companies that can navigate the twists and turns of the market and recognise that the way people are using real estate has changed. If you can do this then good opportunities still exist.
Sam Salloway, Portfolio Manager at Avignon Capital comments: “We are seeing disruption across the real estate sector due to major changes in demographic trends and the ever-growing impact of technology. This has several positive effects that excite us as investors: growing urbanisation, population growth and the growth of e-commerce are just a few examples of trends presenting opportunities for growth and performance. We are seeing more and more people are living and working in Europe’s major cities and our aim has always been to create carefully selected portfolios, across sectors benefiting from this change in demographic (such as office and hotels). By monitoring these mega trends closely, we are able to invest in these sectors which can tap into the changing habits of a new generation – taking an advantage”
Salloway adds: “Technology is also driving huge change in our industry and we want to stay innovative in our approach and what we can offer our clients - that is why we are looking at opportunities which can enhance the performance of our investments through strategic partnerships with PropTech firms.”
Avignon partnered with iYield, a PropTech company last year, the world’s first liquidity platform for real estate. 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.
Avignon Capital’s expansion plans will continue throughout 2019, with further European office openings and new products/services being launched. “This year we will further enhance our offering and will continue to deliver value for our clients,” Flaton says.