Alberto will now concentrate on the strategic goals for the business and identify further property investment opportunities.
He said: “with an increasing number of other commitments I felt that this was the right time for Alan to take charge of the day to day running of Avanta.”
Pepper, who has been promoted from the role of Finance and Commercial Director, has taken over the CEO mantle at a positive time for Avanta Managed Offices Ltd. The flexible office space operator is currently experiencing elevated enquiry levels and 88% occupancy rate across its serviced office business centres with rental revenues increasing month on month.
In June, Avanta successfully completed a shareholders buy-back from Kenmore and Pepper, pointed out that the management and staff are now “masters of our own destiny”.
Now that the board of directors have full ownership of the company, Pepper and the management team wish to focus on consolidating its status within the serviced office marketplace. The team have set their sights on expanding their exposure to the Central London office rental market, in addition to improving the operator’s growing reputation for customer service excellence.
David Alberto founded Avanta in February 2004 and has over 18 years' experience in running serviced office business centres. Having joined Regus in 1992, when it had only eight centres, he left at the end of 1996 when it had grown to over 100 centres in 26 countries. Alberto was involved in all aspects of the office acquisition process and also ran the UK sales team. He then established his own executive office space business, which he later merged with MWB's emerging business centre division back in 1998. As MWB Business Exchange’s CEO, between 1998 and 2002, Alberto led MWB’s expansion to 50 centres in the UK and Europe. He left MWB Business Exchange in December 2002 later starting Avanta in February 2004.
This month, Alberto stepped down as MD, but Avanta will continue to benefit from the experience of its founder, as he is maintaining his position on the board.
Alberto is also a principal shareholder in the company and confirmed that he feels that Pepper is “naturally placed” to lead Avanta’s continued business development.