Avison Young announced two new strategic affiliations that expand the firm’s service delivery to clients further across Central and Eastern Europe (CEE) with the addition of a newly established venture in the Czech Republic and Slavtchev Consulting in Bulgaria. Both will operate under the Avison Young brand and deliver integrated services to local and multinational clients.
“We are focused on expanding where our clients need us to be and where top talent exists. We’re particularly excited about the CEE region where investment opportunities are plentiful and great tech minds are thriving,” said Mark Rose, Chair and CEO of Avison Young . “The teams in the Czech Republic and Bulgaria are not only a great cultural fit for our collaborative, people-first firm, but the diversity of perspective and experience they bring to the organization will help us continue to drive value for our clients as we leverage data and technology for real estate decision-making.”
Comprehensive local market knowledge converges in a new venture in the Czech Republic
Building on the firm’s existing CEE foundations in Hungary, Poland and Romania, Avison Young has brought together a group of leading real estate professionals in the Czech Republic to establish the brand locally as a market-leading advisory platform beginning April 1. The team will be led by Principal and Managing Director of Avison Young in the Czech Republic, Ryan Wray MRICS, capital markets and valuation specialist known for his professionalism, diligence, and client service.
Wray will work in close coordination with David Canta, Principal and Managing Director of Avison Young in Romania, and a team of highly experienced senior real estate professionals in the Czech Republic with extensive experience in the Czech and Slovak markets. The team will advise occupiers and landlords in areas including capital markets & investment brokerage; valuation advisory services; office, retail and industrial leasing, property management; and research & consulting services.
“With its focus on PropTech, cross-border collaboration and data-driven decision making, I’m excited to be part of Avison Young at this critical stage of growth in Central Eastern Europe and globally,” said Wray. “The market is changing and to be a top advisor today, agents must also change. At Avison Young, innovation is encouraged and harnessed to bring results for our clients and ultimately us as a business.”
One of Bulgaria’s leading experts in brokerage, advisory and management
Established in 2012, Slavtchev Consulting, founded by Anton Slavtchev, is one of the leading names in brokerage, advisory and office building management in Bulgaria. In addition, it provides landlord and tenant representation services, marketing advisory services and market research. With local and multinational experience across France, the U.K. and Romania, the team is known for its flexible, modern approach, using data to deliver strategic solutions.
“As a passionate team of professionals focused on delivering the best opportunity for each client, we’re excited about the affiliation with Avison Young as we share the same vision and values,” said Slavtchev, now Principal and Managing Director of Avison Young in Bulgaria. “We take an analytical approach to client assignments and Avison Young’s data and analytics platform will help us continue to deliver the type of intelligent solutions our clients need.”
The affiliations build on the recent strategic affiliation with real estate advisory and asset management group Limehouse, which now operates its advisory services in Hungary as Avison Young. This strengthens the firm’s presence in CEE and grows its service platform across Europe, which also includes operations in the U.K., Ireland, Germany, Poland, Romania and Israel.
“I am very happy with the pace at which Avison Young is expanding in the CEE. Along with my colleagues from other countries of the region, as well as Germany and Great Britain we make a strong team of market experts, sharing the knowledge and supporting each other in our activities. I am also very pleased with the growth of our team in Poland. This is the best confirmation of trust placed in us by our clients, the number of which is constantly growing,” comments Michal Cwiklinski, Principal, Managing Director of Avison Young in Poland.
“Building our capability in CEE is a key component of our European expansion plans; we are gradually expanding our geographical footprint across Europe and we expect further announcements will follow,” added Gerry Hughes, Principal and President of Avison Young Europe. “As we expand, our focus is on deploying the skills, technology and intelligence that allows us to provide the leading service our clients expect from us. Our aim is to offer a seamless service of the highest quality across the CEE region and indeed all of Europe.”
Income-producing properties are becoming an increasingly appreciated option for Romanian or foreign private investors who have previously been mainly active in the residential sector and who are now targeting...