Los Angeles, June 06, 2018 (GLOBE NEWSWIRE) -- Younan Properties, Inc., one of the nation’s leading commercial real estate investment and management companies is changing its corporate name to Younan Collection. The new name emphasizes the company’s evolution and growth as a global powerhouse and its expansion into multiple lines of business and services. Younan Properties will continue to operate as the Younan Collection commercial real estate subsidiary.
“The new name reflects our global expansion into a wide array of industries,” explained Zaya S. Younan, Chairman and CEO of the Younan Collection and of Younan Properties. “Younan Properties was founded in 2002 with a mission to build a fully-integrated platform that acquires and manages Class “A” office buildings in top U.S. markets. To that end, we have experienced significant success owning some of the largest buildings in the U.S. and closing more than $6 billion in transactions.
“Today, the company operates as a global, private equity and investment firm that manages multiple asset classes including global real estate, energy, infrastructure, construction, hotels and resorts, golf courses, luxury goods, spirits, tobacco, and marketing and design agencies focused on luxury products. The Younan Collection name embodies this transformation and allows us to leverage our management expertise in multiple industries as we build a worldwide brand,” he said.
“While we have been building an extraordinarily successful real estate company, we also have been planning for the future – a broader and brighter future. We plan to be involved in every aspect of consumer and high technology products and services. As a global private equity firm, we will engage in alternative asset management and financial services,” Younan added.
In 2015, La Grande Maison Younan Collection (LGMYC) was formed to invest, renovate and operate historic hotel-chateaux in France. The hotel assets include Chateau de Beauvois, Chateau Le Prieure, Hotel Saint-Martin, and Chateau du Petit Chene. In an enterprising move that further expanded its presence in France, the Collection has acquired golf resorts including Golf du Petit Chene and Golf des Forges. In 2017, the company acknowledged its growing presence in the luxury market with the purchase of a premier Bordeaux vineyard, Chateau la Croix Younan (formerly Chateau la Croix Fourney). Last month, the Younan Collection acquired MPA Communication, a Paris-based design and marketing firm serving myriad luxury brands.
“In the past three years, we have spent hundreds of millions of euros to rebuild and reposition these acquisitions in order to unlock their value and propel their growth. Because we have the expertise and infrastructure to further expand our lines of business globally, we will continue to invest in the Younan Collection brand by making major multimillion-dollar acquisitions in Europe, Asia and in the U.S.,” Younan added.
Plans include the creation of Europe’s first major ‘Silicon Valley’ based in France to invest and incubate ideas into businesses. “We selected France because of its superb engineering, overall innovation and culture,” he concluded.
About the Younan Collection
The Younan Collection is a global, private equity company that acquires and manages worldwide assets, including Younan Properties. The brand specializes in acquiring a broad array of businesses through its subsidiaries Younan Properties, and through La Grande Maison Younan Collection, which owns and operates 4-star hotels and resorts including Chateau de Beauvois, Hotel Saint-Martin, Chateau Le Prieure, Chateau du Petit Chene, Golf des Forges, Golf du Petit Chene, MPA Communication , and Chateau la Croix Younan, a Bordeaux vineyard.
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