Fast-growing Canadian commercial real estate services firm opens fourth office in Europe; Markus Bruckner becomes Managing Director
TORONTO, Jan. 21, 2015 /CNW/ - Mark E. Rose, Chair and CEO of Avison Young, the world's fastest-growing commercial real estate services firm, announced today that the company has opened a new office in Munich, Germany.
The new Munich office represents Avison Young's second office in Germany, fourth office in Europe, and an additional step in the company's ongoing aggressive global growth and expansion strategy.
Over the past six years, Avison Young has grown from 11 to, now, 63 offices in 52 markets and from 300 to more than 1,700 real estate professionals in Canada, the U.S. and Europe.
The Munich opening follows the launch of Avison Young's German operations in Frankfurt on December 1, 2014. Effective immediately, Markus Bruckner becomes a Principal of Avison Young. He, along with Udo Stoeckl, who was previously named a Principal based in Frankfurt, also become Managing Directors of Avison Young Germany GmbH.
Bruckner will head up the company's Munich operations and focus on implementing the firm's growth strategy in the region, while Stoeckl will lead the company's efforts in Frankfurt. Bruckner will be responsible for growing a full-service commercial real estate platform in Munich and, in conjunction with Stoeckl, the rest of Germany through recruitment and acquisition. Bruckner will also manage the day-to-day operations of the Munich office.
"We are very excited to be opening our second office in Germany within two months," comments Rose. "The new Munich office not only complements our Frankfurt operation, but also marks the achievement of another long-sought goal in our company's history. Germany is the engine room of the European economy; and by having an office in Munich with Markus at the helm, we have quickly strengthened our presence in the country while boosting the potential for further expansion."
Rose continues: "We're delighted to have such a highly regarded commercial real estate professional as Markus leading the way for us in Munich, and partnering with Udo to expand our footprint across Germany. Markus and Udo have known each other for many years and will be exemplary leaders who will fit seamlessly in our Principal-led culture and uphold the principles of our client-centric business model. Furthermore, Markus, thanks to his considerable local market knowledge, expertise and numerous long-standing relationships, will be invaluable as we recruit outstanding commercial real estate talent and expand our client base in Munich."
Bruckner brings more than 20 years of commercial real estate experience to Avison Young. Prior to joining the firm, he served for 10 years as head of transactions for Real I.S. AG and three years as Managing Director of FHB Fondshaus Bayern Invest GmbH in Munich. He will focus on building up Avison Young's capital-market initiatives in southern Germany and, in conjunction with Stoeckl, throughout Germany.
Avison Young launched its European presence in April 2014 when the firm acquired NAI Haywards and opened new offices in London and Thames Valley.
"I'm very pleased to have the opportunity to work with such a seasoned industry leader as Markus, who has significant experience on the investor and brokerage sides of the business in Munich and beyond," states Stoeckl. "I know that he will do an outstanding job of growing the Munich operations through strategic moves that will benefit clients and employees alike. He will also be a vital addition to our capital markets team as we continue to serve clients in continental Europe, the U.K., Canada and the U.S."
Avison Young's new Munich office is located at Theatinerstraße 11, Fünf Höfe, in the heart of Munich's central business district.
"I am very honoured to be joining Avison Young," says Bruckner. "I'm also very excited about the opportunity to work with Udo to create value for the firm by continuing to serve North American and German businesses in their cross-border activities. We plan to expand our business very quickly here in Munich, given the reputation and strength of the Avison Young brand, along with the firm's range of services and capabilities, and its worldwide client network. I look forward to continuing my career at Avison Young and collaborating with my new colleagues across the company."
Munich and the surrounding area rank as one of Europe's most dynamic business regions. Major rankings have repeatedly shown the Bavarian capital to be among the leading international business hubs. Approximately 1.47 million people live in Munich, Germany's third-largest city. The unemployment rate of the Bavarian State at 4.9% is the lowest of any German region The service sector is the region's dominant industry, accounting for 76.7% of Munich's GDP. The manufacturing industry contributes 23.3% to Munich's GDP. The Munich property market is the third-largest in Europe, following Paris and London. Also, Munich is the leading commercial real estate investment market in Germany. Investment transactions in Munich increased by nearly 30% per annum in 2014.
Markus Bruckner brings more than two decades of commercial real estate experience to Avison Young. Prior to joining Avison Young, he served for three years as Managing Director of FHB Fondshaus Bayern Invest GmbH, a fund initiator that designs, places and administrates real estate investment products for institutional and wealthy private investors. In his role as Managing Director, his responsibilities included management of the company as executive partner with responsibility for finances, private-equity marketing, marketing, real estate/project acquisition and asset management.
Before moving to Fondshaus Bayern, Bruckner spent 10 years at Real I.S. AG, where he led the transaction team and served as Managing Director of a wholly-owned development subsidiary. With Real I.S. AG, he was responsible for the acquisition and disposition of real estate in Europe and North America for investment products of Real I.S. AG as well as mandates for third parties with an annual investment volume of €400 million to €800 million. As Managing Director of Real I.S. AG Development Company, projects of a scale of approximately €500 million were developed, constructed and placed on the market. As head of transactions of Real I.S. AG, he closed real estate investments worth more than €4 billion.
Bruckner holds a Master in Business Administration from the Ludwig Maximilian University in Munich. He also teaches courses on commercial real estate at Nürtlingen-Geislingen University. For more than 10 years, he taught courses on commercial real estate administration at the University of Applied Sciences in Biberach.
Avison Young is the world's fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 1,700 real estate professionals in 63 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial and multi-family properties.
Please click on link to view and download photo of Markus Bruckner:
For further information/comment/photos:
- Sherry Quan, Principal, National Director of Communications & Media Relations,
Avison Young: 604.647.5098; cell: 604.726.0959
- Mark Rose, Chair and CEO, Avison Young: 416.673.4028
In Germany, please contact:
- Markus Bruckner, Principal and Managing Director, Munich,
Avison Young: +49 89 71042 2166
- Udo Stoeckl, Principal and Managing Director, Frankfurt,
Avison Young: +49 69 7593 7233
Avison Young's new Munich office is located at Theatinerstraße 11, Fünf Höfe, 80333 München
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 Bloggers: http://blog.avisonyoung.com
Follow Avison Young on LinkedIn: http://www.linkedin.com/company/avison-young-commercial-real-estate
Follow Avison Young on YouTube: www.youtube.com/user/AvisonYoungRE
SOURCE Avison Young Commercial Real Estate (BC)