Avignon Capital, the European property investment firm and asset manager, has received a new mandate to invest in Australia.
Avignon Capital will target office and hotel properties in Sydney, Melbourne and Brisbane.
The firm has identified that Sydney and Melbourne’s office real estate market is particularly attractive and the best performing in Australia.
PricewaterhouseCoopers reported Sydney and Melbourne’s office real estate markets have the highest projected rental growth of any city in the Asia-Pacific region at 3.8 percent and 3.7 percent respectively. And the hotel markets in Sydney and Melbourne boast more than 80 percent occupancy rates.
