Canadian commercial real estate services firm Avison Young is set to enter French market with the acquisition of asset and investment management Cassian.

Financial terms of the acquisition were not revealed.

Following the transaction, Cassian will be part of Avison Young’s Investment Management arm, Avison Young Investment Management.

Cassian will retain its brand for a period and deliver real estate asset and investment management services as an Avison Young company until its fully integrated with the firm.

Avison Young chair and CEO Mark Rose said that the addition of the Cassian team is the first step of the company’s strategic plans in France.

Rose said: “France is one of the strongest markets in Continental Europe and an important piece of our growth strategy as we expand to where our clients need us to be to transform their assets to adapt to changing investment metrics, respond to a dynamic market context, and align to changing occupier requirements.”

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Avison Young Investment Management is an integrated multimarket business that offers strategic counsel and oversight of multi-national portfolios on behalf of institutional clients.

The team is focused on developing and managing diverse portfolios which consist of a range of asset types.

Commenting on the deal, Cassian co-founder Giles Wintle said: “We are excited to become part of Avison Young and this enables Cassian to progress to the next step of its development.

“Adding such a global network to our 75 years of collective experience in investment, asset, and project management, will enable us to better serve our clients over a broader range of projects.”