|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]
Let’s face it, embracing new storage technologies, capabilities and upgrading to new hardware often adds complexity and increases costs. In his session at 18th Cloud Expo, Seth Oxenhorn, Vice President of Business Development & Alliances at FalconStor, will discuss how a truly heterogeneous software-defined storage approach can add value to legacy platforms and heterogeneous environments. The result reduces complexity, significantly lowers cost, and provides IT organizations with improved effi...
Feb. 13, 2016 12:45 AM EST Reads: 272
It's easy to assume that your app will run on a fast and reliable network. The reality for your app's users, though, is often a slow, unreliable network with spotty coverage. What happens when the network doesn't work, or when the device is in airplane mode? You get unhappy, frustrated users. An offline-first app is an app that works, without error, when there is no network connection.
Feb. 12, 2016 10:00 PM EST Reads: 242
Data-as-a-Service is the complete package for the transformation of raw data into meaningful data assets and the delivery of those data assets. In her session at 18th Cloud Expo, Lakshmi Randall, an industry expert, analyst and strategist, will address: What is DaaS (Data-as-a-Service)? Challenges addressed by DaaS Vendors that are enabling DaaS Architecture options for DaaS
Feb. 12, 2016 09:45 PM EST Reads: 385
One of the bewildering things about DevOps is integrating the massive toolchain including the dozens of new tools that seem to crop up every year. Part of DevOps is Continuous Delivery and having a complex toolchain can add additional integration and setup to your developer environment. In his session at @DevOpsSummit at 18th Cloud Expo, Miko Matsumura, Chief Marketing Officer of Gradle Inc., will discuss which tools to use in a developer stack, how to provision the toolchain to minimize onboa...
Feb. 12, 2016 09:00 PM EST Reads: 134
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed...
Feb. 12, 2016 06:00 PM EST Reads: 404
Companies can harness IoT and predictive analytics to sustain business continuity; predict and manage site performance during emergencies; minimize expensive reactive maintenance; and forecast equipment and maintenance budgets and expenditures. Providing cost-effective, uninterrupted service is challenging, particularly for organizations with geographically dispersed operations.
Feb. 12, 2016 06:00 PM EST
When building large, cloud-based applications that operate at a high scale, it’s important to maintain a high availability and resilience to failures. In order to do that, you must be tolerant of failures, even in light of failures in other areas of your application. “Fly two mistakes high” is an old adage in the radio control airplane hobby. It means, fly high enough so that if you make a mistake, you can continue flying with room to still make mistakes. In his session at 18th Cloud Expo, Lee...
Feb. 12, 2016 04:45 PM EST
DevOps is not just last year’s buzzword. Companies with DevOps practices are 2.5x more likely to exceed profitability, market share, and productivity goals. But how do you enable high performance? What can you do right now to start? Find out from DevOps experts including Gene Kim, co-author of "The Phoenix Project," and the Dynatrace Center of Excellence.
Feb. 12, 2016 04:30 PM EST
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...
Feb. 12, 2016 04:30 PM EST Reads: 192
SYS-CON Events announced today that Column Technologies will exhibit at SYS-CON's @DevOpsSummit at Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Established in 1998, Column Technologies is a global technology solutions provider with over 400 employees, headquartered in the United States with offices in Canada, India, and the United Kingdom. Column Technologies provides “Best of Breed” technology solutions that automate the key DevOps principal...
Feb. 12, 2016 04:15 PM EST
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 ad...
Feb. 12, 2016 04:15 PM EST Reads: 430
Join us at Cloud Expo | @ThingsExpo 2016 – June 7-9 at the Javits Center in New York City and November 1-3 at the Santa Clara Convention Center in Santa Clara, CA – and deliver your unique message in a way that is striking and unforgettable by taking advantage of SYS-CON's unmatched high-impact, result-driven event / media packages.
Feb. 12, 2016 03:00 PM EST
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management...
Feb. 12, 2016 02:15 PM EST Reads: 454
There will be new vendors providing applications, middleware, and connected devices to support the thriving IoT ecosystem. This essentially means that electronic device manufacturers will also be in the software business. Many will be new to building embedded software or robust software. This creates an increased importance on software quality, particularly within the Industrial Internet of Things where business-critical applications are becoming dependent on products controlled by software. Qua...
Feb. 12, 2016 02:15 PM EST
As someone who has been dedicated to automation and Application Release Automation (ARA) technology for almost six years now, one of the most common questions I get asked regards Platform-as-a-Service (PaaS). Specifically, people want to know whether release automation is still needed when a PaaS is in place, and why. Isn't that what a PaaS provides? A solution to the deployment and runtime challenges of an application? Why would anyone using a PaaS then need an automation engine with workflow ...
Feb. 12, 2016 01:45 PM EST Reads: 235