Launch of Avestus Capital Partners

DUBLIN, March 15, 2010 /PRNewswire/ -- Avestus Capital Partners today announces the launch of its new real estate business which has been established by Thomas Dowd, Peter Donnelly, Olan Cremin and Mark O' Donnell in conjunction with long standing members of the senior management team of Quinlan Private.

Avestus Capital Partners will become operational from Monday 29th March, 2010 and will provide real estate investment and asset management services to institutional and private investors including the real estate asset management services currently provided by Quinlan Private.

The Avestus Capital Partners team has extensive real estate experience and expertise having been involved in executing more than 130 real estate transactions and managing property assets over a 20 year period. It will initially manage assets in 15 countries out of its offices in 7 countries and will have a particular focus on the European real estate market.

Avestus Capital Partners will seek to take advantage of opportunities in European property markets following the recent downturn and plans to raise capital from international institutional and professional investors in Europe, the US and the Middle East.

Commenting on the launch of Avestus Capital Partners, Olan Cremin, Principal and CEO, said:

"The creation of Avestus Capital Partners is a carefully considered response to our assessment of the current and future requirements of our investors and, also, our own desire to extend our leadership team and broaden the ownership base.

While our primary focus will be on the active management of an existing portfolio of real estate assets, with over 120 professionals spread across Europe our team is well placed to take advantage of new real estate investment opportunities that will inevitably arise as economic growth is re-established and real estate markets recover."

About Avestus Capital Partners

Avestus Capital Partners brings together an international real estate investment and asset management team with significant knowledge and experience of European real estate markets.

With an investment presence in 15 countries and offices located on the ground in 7 cities, Avestus Capital Partners leverages deep local market knowledge with proven industry, sectoral and regional real estate expertise.

Avestus Capital Partners will manage a portfolio of European-based real estate assets valued at more than EUR8 billion.

SOURCE Avestus Capital Partners