Lyon based boutique Avenir Finance, specialised in real estate, has been renamed Advenis. This change, considered as a milestone by the company, comes one year after real estate group Inovalis has acquired a major stake in the asset manager.
Consequently, Avenir Finance Investment Managers becomes Advenis Investment Managers, Avenir Finance Gestion Privée and Adyal have been renamed respectively Advenis Gestion Privée and Advenis Real Estate Solutions.
Avenir Finance Immobilier rebrands as Advenis Value Add.
Its subsidiaries Inoprom, Aupera and Realista Residences remain unchanged.
Under this new brand, Advenis sets a target to achieve €1bn of assets under management by 2017, especially by enlarging its range of property strategies.
Advenis, with currently over €500m of AUM, has also expertise in asset allocation, long only and absolute return strategies.