Avison Young expands operations in Central Europe, announces strategic affiliation with Limehouse to deliver commercial real estate advisory in HungaryJanuary 7, 2021
Avison Young expands operations in Central Europe, announces strategic affiliation with Limehouse to deliver commercial real estate advisory in Hungary
Toronto, ON – Mark E. Rose, Chair and CEO of Avison Young, today announced a strategic affiliation with real estate advisory and asset management group Limehouse, which will now operate its advisory services in Hungary under the Avison Young brand, while carrying-on its asset management activity in parallel as Limehouse Partners. Based in Budapest, Limehouse manages the assets of institutional investors from across the globe who are committed to the Central and Eastern European market and recently expanded its service portfolio to include capital markets, property and project management to serve its established client base.
“The addition of Limehouse’s advisory know-how to Avison Young builds on our continuing expansion across Europe where we see opportunities for growth as we focus on innovation, technology and leveraging the value of property for our clients,” said Rose. “Adding breadth and depth to our global platform fuels the collective intelligence that helps occupiers and investors achieve economic, social and environmental outcomes.”
Limehouse is the successor of Lodge and Partners, formed in 2016 by founding partners Jake Lodge and Célestin Huot-Marchand. They were joined at the end of 2020 by capital markets leader Benjamin Perez-Ellischewitz from JLL who brings 20 years of experience taking part in significant transactions in the Hungarian market and large portfolio and platform deals.
“We’ve been dedicated to delivering strong returns to our clients through acquisition, management and enhancement of commercial property investments,” said Lodge. “In joining Avison Young, the growth of our advisory business is enhanced by a multinational platform that is built on technology. Avison Young’s network and insights will help us deliver value for clients who seek professional real estate services across the Central and Eastern European market.”
The team has extensive experience in the region, having previously managed an AXA-IM Real Assets portfolio of more than €1.6 billion with assets spread across Poland, Czech Republic, Slovakia and Hungary. Collectively they’ve transacted more than €3.5 billion of commercial real estate and today manage a portfolio of approximately 68,000 square meters on behalf of institutional investors and UHNWI.
“Jake, Célestin and Ben are natural partners for our strategic expansion across Central and Eastern Europe – a key component of our wider European growth plans which will continue in 2021 and beyond. Our ambition is to enable our clients to benefit from an integrated, seamless proposition across the European continent that deploys of the best skills, the latest technology and a deep understanding of city dynamics,” added Gerry Hughes, Principal and President of Avison Young Europe.
Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.
Avison Young is a 2020 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for nine consecutive years.
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