Parallel49-backed Avison buys German office property for pension funds
Avison Young Inc has acquired a Munich, Germany-based office property on behalf of two unidentified Canadian pension funds. The seller was an unnamed family-owned office property investment firm specializing in refurbishments and developments. No financial terms were disclosed. Avison Young Investments served as the investment manager for the pension funds. Avison, a Toronto-based provider of commercial real estate services, is backed by Parallel49 Equity, a Canadian private equity firm. Between 2011 and 2015, the company was backed by Parallel49’s predecessor, Tricor Pacific Capital.
22 May 2018•4 mins read
