Avison Young forms strategic affiliation with Israel's Propertech

07 July 2020 Consulting.ca 2 min. read
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Avison Young, a Toronto-based commercial real estate services firm, has formed a strategic affiliation with Propertech, a Tel Aviv-based boutique real estate firm.

Founded in 1998, Propertech delivers professional brokerage, investment, consulting, and international property services. The firm is one of the leading experts on commercial real estate in Israel, and has served numerous organizations in high-tech, finance, healthcare, the public sector, and aviation.

Propertech has a long history of working with Avison Young across North America, Europe, and Israel. The formalized strategic affiliation – Avison Young Propertech – will give Avison Young a local presence in Israel and will expand the firm’s geographic expertise in capital markets and occupier advisory and representation.Avison Young forms strategic affiliation with Israel’s Propertech"We've traditionally seen huge investments in the US and Western Europe from Israeli investors, tenants, and developers," said Mark Rose, chair and CEO of Avison Young. "Formalizing our long-standing relationship with the knowledgeable team at Propertech was a natural evolution. As we navigate these unprecedented times, the Israeli office is well suited to serve diverse client needs for occupier solutions and international investments worldwide, including in Israel."

Israel, and Tel Aviv specifically, is hotbed for tech startups, with nearly 6,000 in the country. Israel is also home to the largest number of Nasdaq-listed firms outside of North America.

“Through our affiliation with Avison Young, we'll offer international clients a unique chance to benefit from the deep knowledge, insights, relationships, experience, and creative opportunities in Israel and beyond – whether companies or investors are looking to establish, move, or expand their portfolios and footprints,” said David Bassa, Chairman of Avison Young Propertech.

Avi Gimpel, Co-CEO of Avison Young Propertech, said that the affiliation will deliver “best-in-class real estate services and occupier advisory solutions for the benefit of clients around the world, opening further accessibility to Israel's diverse commercial real estate ecosystem.”

Avison Young was founded in 1978 and provides investment sales, leasing, management, financing, and advisory services to clients in the office, retail, industrial, multi-family, and hospitality sectors. The principal-owned firm has more than 5,000 employees in 100+ offices in 15 countries.