![[Credit: Avison Young]](https://boutiquehotelnews.com/wp-content/uploads/2026/08/avison-young-offices-montreal-2.jpg)
Reading Time: 2 minutesWorldwide: Real estate advisory firm Avison Young is set to finalise a recapitalisation deal to support “growth, sustained profitability and long-term value”.

Reading Time: < 1 minuteUK: Commercial real estate firm Avison Young has had its winding-up petition formally removed after settling its tax liabilities.

Reading Time: < 1 minuteUK: HMRC has filed a winding-up petition against commercial real estate firm Avison Young, which has 11 offices across the UK.

Reading Time: 2 minutesUK: Real estate investor, developer and asset manager Firethorn has acquired 5 Lloyd’s Avenue in the City of London from a client of Swiss Life Asset Managers UK for an undisclosed sum.
![CGI of plans to repurpose Newcastle’s fire station into a hotel [Credit: Avison Young] Plans submitted by Taras Properties to repurpose fire station](https://boutiquehotelnews.com/wp-content/uploads/2021/06/firestationpilgrimstreet.jpeg-800x445.jpg)
Reading Time: < 1 minuteUK: Taras Properties has submitted plans to convert a fire station into a boutique hotel, with the proposal under consideration by Newcastle City Council today. Taras Properties