Avignon Capital, the European property investment and asset management firm has formed partnership with iYield, liquidity platform for real estate. The partnership will see Avignon Capital sourcing, structuring and managing all European commercial real estate investments for iYield.
iYield is building an innovative liquidity platform for commercial and residential real estate. It combines a listing portal with a powerful exchange that enables illiquid assets to become tradable online. The platform’s technology allows a new class of flexible financing and liquidity products to be embedded into the real estate buying, investing and selling processes, facilitating rapid end-to-end transacting in ordinary and digital currencies.
By building a vertically-integrated marketplace, with all the search funding, closing and liquidity steps in one place, iYield is bringing simplicity and convenience to the experience of buying and investing in real estate, and greater speed to the process of selling.
iYield is launching its own real estate-backed digital currency, YieldCoin, and will act as a scalable conduit for capital to provide liquidity across major real estate markets, whilst being a stable store of value for investors when it becomes available in September 2018.
Avignon will be sourcing commercial investment opportunities across the key European markets and target assets that have a good rental yield or re-sale value.
The partnership will combine Avignon Capital’s investment management experience and knowledge of European real estate markets with iYield’s access to capital and investors.
The platform is targeting a launch date in early Q4 2018.