|By PR Newswire||
|April 1, 2014 06:00 AM EDT||
TORONTO, April 1, 2014 /PRNewswire/ --
Fast-growing Canadian commercial real estate services firm opens first offices outside North America; 20 members join from NAI
Mark E. Rose, Chair and CEO of Avison Young, the world's fastest-growing commercial real estate services firm, announced today that it has acquired London-based commercial real estate services firm Haywards LLP and opened Avison Young's first European offices in London and Thames Valley in the United Kingdom.
The new London-area offices represent Avison Young's first offices outside of North America and a milestone step in the firm's ongoing aggressive global growth and expansion strategy. The acquisition brings 20 new employees to Avison Young.
Over the past five years, Avison Young has grown from 11 to, now, 56 offices in 45 markets and from 300 to more than 1,500 real estate professionals across Canada, the U.S., and in Europe.
Established in 1992, Haywards, the U.K. member of NAI Global, provides full-service commercial real estate offerings that range from strategic planning and project implementation to acquisitions, dispositions, development and property and facilities management.
Effective immediately, Haywards partners Nick Cook, Tony Oxford, Iain Rackley and Sarah Cook become Principals of Avison Young.
Nick Cook also becomes Managing Director of the London and Thames Valley offices and will be responsible for growing a full-service commercial real estate platform in London through recruitment and acquisition. He will also manage the day-to-day operations of the London-area offices and lead expansion efforts in London and the rest of the U.K.
Oxford will also be responsible for project management and building consultancy, Rackley will oversee real estate, and Sarah Cook will serve as Vice-President of Finance in London.
"This is a very exciting and memorable day in the history of Avison Young. Our firm's strategy has always been to use London and the U.K. as a major launch pad into Europe, and to service assignments emanating from North America. But we wanted to ensure that we found the right people, the right location and, ultimately, the right fit so that we could provide a full range of offerings and the highest level of commercial real estate brokerage, advisory and property management services to clients from the outset," comments Rose. "We also wanted to establish our foothold with established industry leaders who have the necessary experience, knowledge and business relationships to guide us in the region."
Rose continues: "In acquiring Haywards, we know that we have found the right fit with Nick, Tony, Iain, Sarah and the rest of their outstanding team. Our firms have similar philosophies and attitudes toward client care. Strong international demand and growth of our global client base drove our decision to open our first European office in London."
"The opportunity to maintain highly successful ongoing operations in the Thames Valley is a value-added bonus and gives us a head-start on future expansion elsewhere in the U.K.," adds Rose. "We're thrilled to have 20 new employees and the diverse skill sets and expertise that they can offer our firm and clients as we begin our expansion in the U.K., Europe and eventually Asia."
Avison Young's new London office will be located at 19 Margaret Street in the West End. Meanwhile, effectively immediately, Haywards' office in Thames Valley (Hampden Chase, Little Hampden, Great Missenden, Buckinghamshire) will be rebranded as Avison Young.
"I got to know Mark Rose and Avison Young Principal Robin White through my connections with the Avison Young office in Los Angeles," says Nick Cook. "Mark, Robin and I got on immediately, as if we'd known each other for years. We have very similar aspirations and view the real estate advisory world in much the same way. Avison Young's ambition to become a global player, but to be of a size that could still provide high-quality personal service aimed solely at the clients' well-being, fits perfectly with Haywards' way of doing business."
Cook continues: "Other important aspects for us were Avison Young's desire to remain private and work as one firm, have one P&L, and one set of partners, serving together for the good of the commercial real estate industry, clients, staff and local community. Notwithstanding our team's wish to grow, we are determined not to dilute the brand by becoming large, unwieldy and anonymous. We want to be relevant, attract great people, provide a personal service and be regarded as our clients' trusted expert. Operating under the Avison Young banner, we will be able to do all of that - and more - while sharing in the firm's Principal-led, collaborative culture. We're thrilled that so many people, who are like family, will continue with us as we embark on a promising and exciting new journey."
The London and Thames Valley office openings complement the previous appointment of Duncan Hamilton, who has served as Avison Young's Director of Global Client Services, based in London, since 2012. Cook and his team will work closely with Hamilton, who oversees international business development initiatives for Avison Young.
London is a leading global marketplace in its own right. It has the fifth-largest city economy in the world, after Tokyo, New York City, Los Angeles and Seoul, generating more than 20% of the U.K.'s GDP. When the greater metropolitan area is included, the London region's contribution to the U.K.'s GDP rises to more than 30%. As a global city, London serves as the headquarters of more than half of the U.K.'s largest listed companies (the "FTSE 100"), and approximately 100 of Europe's 500 largest companies are headquartered and located in Central London, while some 75% of Fortune 500 companies have offices in the area. While serving as a leading global financial centre, London has welcomed more than 480 overseas banks that have offices in the city, along with many other major professional services, media, tourism, technology and retail firms.
Thames Valley is one of the most prosperous regions of Europe and home to a large number of multinational companies and innovative business start-ups. Renowned for a highly skilled workforce, beautiful countryside, proximity to London, and easy access to Heathrow Airport, the Thames Valley has become a destination of choice for business. On almost any conventional economic indicator, the sub-region outperforms its U.K. counterparts (excluding London). The U.K. Competitiveness Index demonstrates the strength of the Thames Valley economy. Every local authority in the sub-region is ranked among the 62 most competitive local economies in the U.K. Particularly strong results are recorded by Windsor and Maidenhead and Bracknell Forest (respectively ranked 7th and 13th out of 434 authorities).
Today's announcement comes on the heels of Avison Young being named last week as one of Canada's Best Managed Companies for the third year in a row.
Nick Cook brings to Avison Young more than 35 years of commercial real estate experience as a company owner and founder, executive and advisor. Prior to joining Avison Young, he served as the co-founder, president and CEO of Haywards in London for 22 years. While at Haywards, Cook directed the business consultancy team in London, advising a number of client boards on how their property and workplace strategies could benefit their businesses, and assisting with risk management and financial control. He also managed the company's London office while overseeing its Thames Valley operations.
Cook began his commercial real estate career in London by training with three of the top international real estate firms. His experience spans property leasing, development and marketing. He has also acted as a client, serving as a director for several companies and gaining an excellent understanding of the need to deliver proper work environments that support operational need. Notable clients that Cook has advised during his career include: All3 Media, BBC, Camelot, Cooper Industries, Damovo, Global Knowledge, GlaxoSmithKline, Medtronic UK, Mitsubishi Electric, Nexen Petroleum and Serco.
Cook holds a Bachelor of Science in land administration as well as an Institute of Directors (IoD) diploma in Company Direction. He is also a Chartered Management Consultancy Surveyor, holds memberships in Corenet U.K., Federation of Corporate Real Estate Executives and Workplace Consulting Organisation. He chairs the Property Directors Forum, which he founded.
Ian Rackley, a 30-year-plus commercial real estate industry veteran, joins Avison Young after serving as a partner with Haywards for eight years. Prior to joining Haywards, he worked as the head of property investment at the United Bank of Kuwait, where he raised funds for, built, developed and managed property-investment vehicles. Before then, he served as a director with Baring, Houston and Saunders (now part of ING) on property-investment funds, clients' mergers and acquisitions, and the company's global occupational property portfolio.
Rackley is a specialist in office leasing, acquisitions and dispositions, and has served companies across a range of sectors, including finance, energy, media and healthcare. His projects have led him to work closely with a client's senior management team on profitability, commercial real estate needs and the implementation of a mutually-agreed-upon strategy for each property. Rackley holds a Bachelor of Science in urban estate management from the University of Westminster and a Masters in Business Administration from Ashridge Business School in the U.K. He is also a Fellow of the Royal Institution of Chartered Surveyors.
Tony Oxford brings more than 20 years of commercial real estate experience to Avison Young. For the past 10 years, he has served as the partner in charge of the building consultancy and project management team in the U.K. with Haywards. He has provided professional advice across a wide range of commercial property types for both private-sector and public-sector clients. Prior to joining Haywards, Oxford spent seven years as a director with NB Real Estate (now known as Capita) after toiling for the first four years of his commercial property career with DTZ, where he rose to the position of associate director.
Experienced in handling client property requirements throughout the U.K., Oxford has overseen a number of national accounts and supported business development initiatives for other multi-disciplinary surveying practices, offering project management and building-consultancy support. He has also gained expertise in the development, deployment and successful implementation of national build-to-suits and refurbishment. Oxford holds a Bachelor of Science (Honours) degree in building surveying from John Moores University in Liverpool. He is also an Associate Member of the Royal Institution of Chartered Surveyors, holding designations as both a building and project management surveyor.
Sarah Cook is a qualified chartered secretary, bringing together legal and financial skills. Her expertise lies in business management, statutory and legal compliance, and audits for U.K. and overseas entities. She works with clients on mergers and acquisitions, share schemes, property portfolio management, pension and other benefit arrangements and corporate insurance coverage. She also works on change projects where she strives to deliver practical and cost-effective solutions, enabling the client's executive team to focus on critical business objectives.
In recent years, she has worked either in-house or in a consulting role across various business sectors, primarily in communications and media. She began her career as the policy director for the U.K. office of the International Chamber of Commerce, working with governments and corporate executives on global business issues. Since then, she has held assistant company secretary and/or business manager positions with All3Media, TSL Education, The Telegraph Group, MediaCom, and Grey Communications Group in London. An associate member of the Institute of Chartered Secretaries and Administrators, Cook holds a Bachelor of Science degree in international studies from Birmingham University.
- Please click on links to view and download photos of Nick Cook, Tony Oxford, Iain Rackley, Sarah Cook
For further information/comment/photos:
- Sherry Quan, Principal, National Director of Communications & Media Relations, Avison Young: +1-604-647-5098; mobile: +1-604-726-0959; [email protected]
- Mark Rose, Chair and CEO, Avison Young: +1-416-673-4028
- In U.K., please contact:
- Kerri Moore, Senior Consultant, Grayling PR, London: +44(0)207-932-1854; mobile: +44(0)7821-836-890; [email protected]
- Michael Saxton, Managing Director, Grayling PR, London: +44(0)207-592-7933
- Nick Cook, Principal and Managing Director, London and Thames Valley, U.K., Avison Young: +44(0)7768-60-70-60
Avison Young's new London, U.K. office is located at: 19 Margaret Street, London, W1W 8RR, U.K.
Avison Young's new Thames Valley, U.K. office is located at: Hampden Chase, Little Hampden, Great Missenden, Buckinghamshire HP16 9PT, U.K.
Avison Young was a winner of Canada's Best Managed Companies program in 2011 and 2012 and requalified in 2013 to maintain its status as a Best Managed company
Follow Avison Young on Twitter:
For industry news, press releases and market reports: http://www.twitter.com/avisonyoung
For Avison Young listings and deals: http://www.twitter.com/AYListingsDeals
Follow Avison Young Bloggers: http://blog.avisonyoung.com
Follow Avison Young on LinkedIn: http://www.linkedin.com/company/avison-young-commercial-real-estate
For further information:
email: [email protected]
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
Dec. 4, 2016 11:15 AM EST Reads: 874
Major trends and emerging technologies – from virtual reality and IoT, to Big Data and algorithms – are helping organizations innovate in the digital era. However, to create real business value, IT must think beyond the ‘what’ of digital transformation to the ‘how’ to harness emerging trends, innovation and disruption. Architecture is the key that underpins and ties all these efforts together. In the digital age, it’s important to invest in architecture, extend the enterprise footprint to the cl...
Dec. 4, 2016 11:15 AM EST Reads: 2,185
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor – all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
Dec. 4, 2016 11:15 AM EST Reads: 5,723
"Dice has been around for the last 20 years. We have been helping tech professionals find new jobs and career opportunities," explained Manish Dixit, VP of Product and Engineering at Dice, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 4, 2016 10:45 AM EST Reads: 864
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
Dec. 4, 2016 09:45 AM EST Reads: 537
Rapid innovation, changing business landscapes, and new IT demands force businesses to make changes quickly. In the eyes of many, containers are at the brink of becoming a pervasive technology in enterprise IT to accelerate application delivery. In this presentation, attendees learned about the: The transformation of IT to a DevOps, microservices, and container-based architecture What are containers and how DevOps practices can operate in a container-based environment A demonstration of how ...
Dec. 4, 2016 09:45 AM EST Reads: 863
Successful digital transformation requires new organizational competencies and capabilities. Research tells us that the biggest impediment to successful transformation is human; consequently, the biggest enabler is a properly skilled and empowered workforce. In the digital age, new individual and collective competencies are required. In his session at 19th Cloud Expo, Bob Newhouse, CEO and founder of Agilitiv, drew together recent research and lessons learned from emerging and established compa...
Dec. 4, 2016 09:30 AM EST Reads: 789
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
Dec. 4, 2016 09:30 AM EST Reads: 598
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service. In his session at 19th Cloud Exp...
Dec. 4, 2016 09:00 AM EST Reads: 566
"Venafi has a platform that allows you to manage, centralize and automate the complete life cycle of keys and certificates within the organization," explained Gina Osmond, Sr. Field Marketing Manager at Venafi, in this SYS-CON.tv interview at DevOps at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 4, 2016 08:45 AM EST Reads: 801
"Coalfire is a cyber-risk, security and compliance assessment and advisory services firm. We do a lot of work with the cloud service provider community," explained Ryan McGowan, Vice President, Sales (West) at Coalfire Systems, Inc., in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 4, 2016 08:30 AM EST Reads: 777
Effectively SMBs and government programs must address compounded regulatory compliance requirements. The most recent are Controlled Unclassified Information and the EU's GDPR have Board Level implications. Managing sensitive data protection will likely result in acquisition criteria, demonstration requests and new requirements. Developers, as part of the pre-planning process and the associated supply chain, could benefit from updating their code libraries and design by incorporating changes. In...
Dec. 4, 2016 08:30 AM EST Reads: 997
CloudJumper, a Workspace as a Service (WaaS) platform innovator for agile business IT, has been recognized with the Customer Value Leadership Award for its nWorkSpace platform by Frost & Sullivan. The company was also featured in a new report(1) by the industry research firm titled, “Desktop-as-a-Service Buyer’s Guide, 2016,” which provides a comprehensive comparison of DaaS providers, including CloudJumper, Amazon, VMware, and Microsoft.
Dec. 4, 2016 08:15 AM EST Reads: 718
Regulatory requirements exist to promote the controlled sharing of information, while protecting the privacy and/or security of the information. Regulations for each type of information have their own set of rules, policies, and guidelines. Cloud Service Providers (CSP) are faced with increasing demand for services at decreasing prices. Demonstrating and maintaining compliance with regulations is a nontrivial task and doing so against numerous sets of regulatory requirements can be daunting task...
Dec. 4, 2016 08:15 AM EST Reads: 775
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time. In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, sha...
Dec. 4, 2016 08:00 AM EST Reads: 812