Avalant becomes JLL's exclusive partner for the office and investment property market in Bulgaria

The global real estate leader JLL carried out a tender process, in which several local consultancy companies were invited. Avalant was the selected partner for their ability to deliver the high quality of service that JLL requires for their global corporate clients.  

Despite being founded in mid-2020 at the height of the pandemic, Avalant rapidly became one of the leading corporate real estate consultancy companies in Bulgaria. The founders Hristo Andonov, Dimitar Ivanov and Ivan Parmakov have vast experience in office space transaction management, property management and investment advisory. (Over 28 years of combined experience). In 2021, they became one of the leaders on the local market by advising 20,000 sqm of office space lease transactions and the investment sale of the 4-star city hotel Suite Hotel Sofia (15,000 sqm). Avalant expertise is trusted by leading corporations such as ING Bank, Chaos, Cargill, Proxiad, Emerchantpay, Allianz and many others. Since its establishment, Avalant has been able to help clients achieve savings / benefits of over 7 million euros.

Jones Lang LaSalle Incorporated (JLL) is a leading professional services firm that specializes in real estate and investment management. JLL is part of the New York Stock Exchange (NYSE)S&P 400 and is ranked 186 on the Fortune 500 list. As of December 31st, 2021 it has an annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 98,000. 

JLL manages more than 427 million square meters in its role as a property or facility manager. Globally, the company has been involved in over 37,500 space leasing transactions and has leased over 100 million sq. meters. 

JLL has been operating in Romania for 15 years during which they have been market leaders in core industry sectors and have been instrumental to some of the most important real estate transactions on the market.  

What Avalant shared about the partnership: 

“It is a great honor and responsibility for us to be a strategic partner of a global leader in commercial real estate such as JLL. We believe that the synergy between the two companies will contribute further to improving the quality of provided services and implementing better international practices on the local market. The communication between Avalant and JLL started more than a year ago and has always been very positive. From the very beginning we felt that in them we see a team that shares our values.”  Dimitar Ivanov MRICS, Co-founder of Avalant

What JLL shared about the partnership: 

“We are proud and excited to announce this partnership and we are very appreciative of Avalant’s involvement throughout this process, as well as their experience, know-how and similar vision to our own.  

Partnering up with a company like Avalant is a strategic choice that will help us further increase our presence in Bulgaria and will support our endeavor to deliver seamless, customer focused, top quality services. We strongly believe that our global expertise together with Avalant’s local knowledge and experience make our partnership a clear win for both companies and their clients.”  Marius Scuta MRICS, National Director, Head of Office Department and Tenant Representation JLL Romania 

More information about the upcoming partnership: 

Avalant will act as JLL's exclusive local partner for the territory of Bulgaria for the office space and investment sales segments. Both companies will join forces in providing high quality services to the international clients of JLL 

Going further, for the residential, industrial and retail businesses on the Bulgarian market JLL will continue their current long-standing partnership with IPC, a trusted name in the real estate field. 

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