Global real estate advisory firm Avison Young has appointed Martin Brümmer and Christian Schreiber as principals in its European Capital Markets group.
Brümmer and Schreiber will operate out of Germany and join Avison Young from Brookfield Financial (BFIN), a subsidiary of Brookfield Asset Management, where they co-led the European team as managing partners.
Together, they bring more than 40 years of investment experience in all major real estate sectors and across the entire capital structure. Over the past five years, they have originated and closed more than €4 bn in transactions.
Martin Brümmer joined Brookfield Financial (BFIN) in 2013, before that he was a managing director at FMS-Wertmanagement, Germany’s largest ‘bad bank’, formerly known as Hypo Real Estate, where he was the company’s deputy Chief Real Estate Officer and on the supervisory board of the firm’s servicing entity. Prior to this, Brümmer worked as a principal for Lehman Brothers and O’Connor Capital Partners, focusing on German and pan-European acquisitions.
Prior to joining Brookfield Financial (BFIN) also in 2013, Christian Schreiber ran his own real estate brokerage and advisory business, focusing on opportunistic and distressed real estate, including Lehman Brothers’ legacy assets.
Gerry Hughes, president of Avison Young, Europe, said: ‘Avison Young is seeking top entrepreneurial talent as we rapidly grow a fully integrated real estate advisory firm across European markets and that’s what we’ve found in Martin and Christian for our cross-border capital markets team. They have outstanding track records and extensive market networks, which can be seen in the successful business they built at Brookfield Financial and this will provide a solid base for expanding AY’s market share in Europe.
‘Real estate clients face extremely challenging environments as European economies work their way out of the effects of the Covid-19 pandemic. Martin and Christian will coordinate closely with Penny Hacking, Principal in our Capital Markets group based in London, to provide clients with strategic consultancy across Europe, and particularly in the DACH region, as they adapt their businesses to the new realities of the markets.’