2023-08-13 22:05:42
Vivium Holding, a family business, investment company and strategic partner with Luxpetat Sotheby’s International Realty, has announced its acquisition of Viva Sotheby’s International Realty in Spain.
Yesterday, a statement stated that this comes following the establishment of “Sotheby’s International Realty Saudi Arabia” in the Middle East region, and the acquisition of “Sotheby’s International Realty UK”, while “Viva Sotheby’s International Realty” in Spain has seven offices in each of: Puerto de Andratx, Madrid, Costa Blanca, Mallorca, Menorca, Ibiza, and Formentera, it also added the “Andalusia” region to its list of services within its future expansion plan.
This acquisition represents Vivium Holding’s first direct entry with Sotheby’s International Realty into the European brokerage and consulting sector, as it places the company in an important position to continue growth within plans that include offices in 14 cities within major regions of the Spanish market over the next five years.
The company will focus on strengthening partnerships with key local luxury real estate developers, and attracting talent to help lead the company to better serve its clients’ investment assets.
Elie Khoury, founder and CEO of Vivium Holding, said: “The acquisition of (Viva Sotheby’s International Realty) is a strategic step for us in the luxury housing and hospitality business, as expansion in new areas gives us competitive advantages, and enhances our presence and capabilities in this field. This acquisition also supports our existing portfolio, enhances our ability to offer exceptional value on a global scale, and raises the position of (Viva Sotheby’s International Realty) as a leader in the luxury real estate sector in Spain.”
For his part, Philip White, President and CEO of Sotheby’s International Realty, said: “According to the Spanish National Institute of Statistics, Spain is witnessing an increase in demand, and in 2022 home sales witnessed an increase of 14.7%, as Spain is still a preferred destination for investors and companies, as well. The resale movement of homes is active for the second time.
It is noteworthy that Vivium Holding is a family company, founded by Elie Khoury, in 2017, focusing on alternative investment. The company’s head office is located at IC Dubai Brookfield Place, in the heart of the Dubai International Financial Center (DIFC).
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