Office Space Provider Avanta Buys Out Kenmore

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Office space provider Avanta is now 100% owned by David Alberto and the senior management team following a deal which has seen the company buy back the share of the business previously held by Kenmore.

Avanta Austin Friars Business Centre EC2

Avanta Managed Offices

We are obviously very pleased to buy back Kenmore’s interest in Avanta, whilst agreeing new banking facilities which provides Avanta with a solid financial platform going forward.

Avanta Managed Offices is now 100% owned by David Alberto and the senior management team following a deal which has seen the company buy back the share of the business previously held by Kenmore.

At the same time the serviced office operator has agreed new banking facilities with its banks.

Commenting on the deal, Managing Director David Alberto said, “We are obviously very pleased to buy back Kenmore’s interest in Avanta, whilst agreeing new banking facilities which provides Avanta with a solid financial platform going forward.

“We’ve enjoyed a good start to the year with record levels of enquiries and business centre viewings that have helped us achieve solid occupancy levels of 88% across the portfolio. We are trading ahead of forecast for 2011/2012 which gives us a positive outlook for the coming year as revenues continue to grow month on month”.

Avanta continues to provide UK based business with highly flexible, unbranded office space and meeting room solutions. Avanta currently manages over 650,000 sq ft of prime office space in locations throughout London, Reading and Edinburgh, Scotland.

For further information, please contact:

Colin Peck, Gravitas Business Communications on 07802 606433 or email colinjpec[at]aol.com
or Tim Xumsai, Avanta Managed Offices Ltd on 0203 008 6000

Twitter - @avantaoffices
Facebook - facebook.com/avantaoffices
YouTube - youtube.com/user/avantagroup

Note to editors:

Avanta managed Offices was formed in 2004 by David Alberto. The company offers highly flexible, unbranded office space and meeting rooms, with advanced and competitively price technology, tailor made to meet the requirements of the occupier. In the UK it currently manages more than 650,000 sq ft of office space in prime locations in London, the Thames Valley and Edinburgh. It also operates one business centre in New Delhi, India and in 2009 formed a partnership with Regent Business Centers, which manage 13 locations throughout the US.

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Julie Willams
marketing@avanta.co.uk
02031708657
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