New outsourcing venture from Avanta - commercial mortgages

15 March 2007

Serviced office company Avanta has entered a new joint venture with The Asset Factor with a view to offering integrated services to corporate tenants in commercial properties.

Under the partnership, Avanta and The Asset Factor will accept leasehold liabilities and manage vacant spaces as serviced offices, using an existing portfolio to offer new office solutions to commercial clients.

Due to the size of the partnership and its large combined portfolio, many clients will be able to meet their office needs without having to take out commercial mortgages of their own.

The joint venture was officially launched at the international property event MIPIM and bosses are confident in its future success.

"We were delighted to work with The Asset Factor to extend further our offer to corporate clients," stated Avanta chief executive officer David Alberto.

"We are excited by the opportunity of extending our successful business model into the corporate occupancy arena of assisting businesses make better use of their space."