Avison Young has acquired Calgary-based real estate management company Peregrin Inc. The purchase adds approximately one million square feet of property under management to Avison Young’s global portfolio. As a result of the acquisition, Avison Young adds 12 employees in Calgary.
Established in 1995, Peregrin represents high net worth individuals, foreign and Canadian family trusts and institutional, corporate, pension, endowment and sovereign fund clients, managing their commercial real estate assets in Western Canada. The firm’s services include property management, asset management and project management, investment sales, leasing and mortgage-financing services, the company says.
Peregrin founder, president and CEO Kevin Ogle is now a principal of Avison Young. He will direct the firm’s real estate management business units in Calgary and Edmonton and be responsible for expanding their related business lines throughout Alberta. He will also collaborate with colleagues in other Avison Young offices to grow the company’s asset and property management business lines throughout Western Canada and across the country, the company says.
Existing Peregrin staff will carry out similar roles as they transition to Avison Young. New staff will be added to accommodate the company’s expanded portfolio under management.
Todd Throndson, Avison Young principal and managing director of the firm’s Calgary office says, “Avison Young’s and Peregrin’s senior leaders have had business and personal relationships over the years that will make this acquisition seamless and co-operative in every aspect. We have already demonstrated our ability to work together. Since October 2014, Peregrin has been providing tremendous operations, accounting, administration, project management and leasing administration services for Avison Young in Calgary.”
Also joining Avison Young from Peregrin are Charles Northup, Jordan Haber, Joe Nosella, Janelle Rowat, Terry Elliott, Veruska Predan, Adeana Bohnet, Bentley Heintz, Clarissa D’Castro, Gilles Gilbert and Chadi Ellahib.
