Awon Asset Management becomes Tour Eiffel Asset Management (FR)

Société de la Tour Eiffel's in-house management company, Awon Asset Management, is to be rebranded Tour Eiffel Asset Management as from September 1, 2010.

Tour Eiffel Asset Management comprises some 20 professionals dedicated to the asset management of the mother company's property portfolio which comprises principally periurban offices located in the Paris area and throughout the regions, valued at in excess of €1 billion.

Awon Asset Management, the vehicle used by Mark Inch and Robert Waterland to launch Société de la Tour Eiffel as a SIIC in 2004, was subsequently absorbed into the SIIC in 2006.

"This change signals the growing notoriety of the Société de la Tour Eiffel's image and the progress achieved since 2004," affirms Frédéric Maman, the Managing Director of Tour Eiffel Asset Management.

The three operating divisions of the structure remain unchanged:

  • Director of investments: Nicolas Ingueneau
  • Director of asset management: Odile Batsère
  • Director of projects and development: Nicolas de Saint Maurice.

Source: Capmot

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