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Porsche and Dezer Development Inaugurate Porsche Design Tower in Miami

Porsche and Dezer Development Inaugurate Porsche Design Tower in Miami

Dezervator, which whisks both residents and their vehicles up to their luxurious home in the sky. Representing Porsche Design’s first foray into luxury residential real estate, the landmark tower reflects the brand’s hallmarks of functional design, technical innovation, forward-thinking and iconic style. “It is an especially proud and remarkable moment to debut the first-ever Porsche Design Tower,” says Gil Dezer, president of Dezer Development. “Simply put, there is no other building in the world with the same level of groundbreaking ingenuity and superlative quality as Porsche Design Tower Miami. This iconic tower has not only redefined Miami’s skyline, but residential luxury as we know it.” “To see the first-ever Porsche Design Tower in Miami in its final stage is mind-blowing. The functional design, which encapsulates the DNA of the Porsche Design brand, will accompany the residents in all areas of their daily life and will enable them to live a unique and innovative experience, which is characterized by the blend of function and technology. We are very proud to celebrate the Grand Opening of the Porsche Design Tower Miami together with our partner Gil Dezer,” says Jan Becker, CEO of Porsche Design Group. The Dezervator is expected to re-shape condominium living, with the ability to have your vehicle literally at your front door. The tower’s other over-the-top, luxurious amenities, also include plunge pools and outdoor summer kitchens on the balconies of almost every unit. Other building amenities include a state-of-the-art spa equipped with Vichy showers, a Sunset Terrace complemented with twin over-sized spa tubs, and oceanfront ballroom and multipurpose clubrooms. The clubrooms include a movie theatre with new release capability and game room complete with racing and golf simulators. The building will also have available a ‘Car Concierge’ who will tend to a resident’s vehicle, by assisting with regular maintenance, tire rotations, washing and other services. With an estimated sellout of about $840 million, 126 of the tower’s 132 units have been reportedly sold. Of the six remaining units, one is a 19,403 square foot, four-story penthouse with space for up to 11 vehicles, listed at $32.5 million. Dezer Signature Brands an entity of Dezer Development, has a master licensing agreement with Porsche Design. Dezer Signature Brands specializes in co-developing luxury high rise residential and condo-hotel developments with marquee lifestyle brands. The company partners with prestigious globally-recognized brands to develop unique condominiums at some of best addresses in the world. The company’s owner, Gil Dezer, is one of the largest oceanfront property owners in Sunny Isles Beach. The Dezer family own just over 27 acres of prime oceanfront property including 2,100 feet of beachfront between 158th Street to 191st Street along Collins Avenue, said to be one of the largest holdings of beachfront property owned and developable in the state of Florida. In the 1980s, his Tel Aviv-born father, Michael Dezer, purchased a number of ocean front plots in Miami and, in partnership with Donald Trump, developed numerous properties including the $900 million Trump Towers, the $600 million Trump Grande Ocean Resort and Residences and the $166 million Trump International Hotel and Tower in Sunny Isles Beach. His company Dezer Properties in New York City reportedly owns and manages 1.3 million square feet of commercial space in Chelsea as of 2013, and is also the landlord of the luxury auto retailer Manhattan Motorcars. Porsche Design is a premium-lifestyle brand founded in 1972 by Professor Ferdinand Alexander Porsche. Created and engineered by the legendary Studio F. A. Porsche in Austria and brought to life by carefully-selected manufacturers. Porsche Design products are sold worldwide at its 140 stores and online, as well as at high-end department stores, and specialist retailers.]]>

Sagi Buys 4 Acre London Holborn Property Portfolio for £300M

Sagi Buys 4 Acre London Holborn Property Portfolio for £300M

acquisitions made by Sagi, who also controls online gambling and sports-betting software company Playtech (LSE: PTEC), the gambling industry’s leading software and services supplier, which he founded in 1999. Sagi, whose net worth is said to exceed $3 billion, has been expanding his British real estate empire during the past two years, by acquiring control of London’s historic Camden Markets in a series of transactions totaling about £500 million. In terms of visitors Camden Markets ranks as London’s second biggest tourist attraction after Buckingham Palace. “I am pleased to have made this investment as I believe in the long-term fundamental strength of London,” said Sagi. “It is vital that London retains the best global talent and businesses to ensure the capital’s future as a global city and the Holborn Links Estate is an ideal base for London’s future business leaders.” Citwax, which owns 71.5% of Camden Markets landlord Market Tech Holdings Ltd (MKT: LSE), plans to develop the Holborn portfolio by creating new space for SME and startups. “SMEs and startups will become an increasingly vital part of the UK economy and deserve quality commercial property that works for them including options such as co-working and flexible desk requirements, all underpinned by strong digital infrastructure,” said Teresa Graham CBE, a highly regarded SME expert and mentor, who has been reportedly engaged as the project’s strategic advisor, according to Property Week. “I am delighted to have been invited to play a part in this project,” she added. Graham holds a number of appointments, including non-executive, mentoring and advisory roles in growth businesses, and has recently been appointed as a non-executive director to the newly created British Business Bank. She was awarded a CBE in the 2007 New Years Honors list for public service. She served as the first woman Chairman of the London Society of Chartered Accountants and still advises The Institute of Chartered Accountants’ in England & Wales on SME issues. The Holborn Links Estate is expected to benefit from the opening of Crossrail in 2018, which will increase footfall from Tottenham Court Road and around Covent Garden, Soho and Oxford Street. holborn_links_map]]>

@DalianWanda to Sell Edificio España to Baraka for €265M+, Exits Spain RE

@DalianWanda to Sell Edificio España to Baraka for €265M+, Exits Spain RE

South China Morning Post. “If it fails, we would sell the building and never invest again,” Wang told China Central Television in May, while negotiations with the new mayor of Madrid were ongoing. Dalian Wanda has now shifted its investment focus to France. In February, Wanda teamed up with French retail giant Auchan Group and planned to jointly invest more than €3 billion in EuropaCity, a retail and leisure project to be built on the outskirts of Paris by 2024, the Post said. The 760,000 square meter project would be the largest single investment project in Europe to-date, featuring an indoor and outdoor theme park, a large stage show, hotels, a business center and a conference center. Plaza de España is a large square, and popular tourist destination, located in central Madrid, Spain, at the western end of the Gran Vía. In the center of the plaza is a monument to Spanish novelist, poet and playwright Miguel de Cervantes Saavedra. The tower portion of the monument includes a stone sculpture of Cervantes, which overlooks bronze sculptures of Don Quixote and Sancho Panza. Adjacent to the plaza are two of the tallest buildings in Madrid, Torre de Madrid, built in 1957, and Edificio España, built in 1953. The Edificio España, designed by architect Julián Otamendi and his brother, is the 14th tallest building in Madrid, and one of the city’s most iconic buildings. It is an example of 20th-century Spanish architecture built in the neo-baroque style, and was a symbol of prosperity during the dictatorship of General Francisco Franco. It was the tallest building in Spain and Europe, with 25 floors and a height of 117 m (384 ft), until overtaken by the Torre de Madrid (also built by Otamendi) in 1957.

“I fell in love with the Edificio España on my first trip to Madrid. It has always struck me as a sentinel barricaded before the city,” once wrote journalist and novelist Juan Soto Ivars, for El Confidencial. “The whole history of this building has been tracing the history of Spain. It was built as a final signature to the Gran Via, a pharaonic project that included three political regimes and a war. It would house a luxury hotel for international dignitaries becoming the icon of the end of the autarky. Its Crowne Plaza Hotel gave shelter to all kinds of characters worthy of a spy movie.”
Wanda acquired the Edificio España in June 2014 for 265 million euros (now $292 million) and wanted to turn it into a hotel and shopping center. The building stood empty since 2006 — a symbol of the 2008 real estate collapse that thrust Spain into a damaging economic crisis, Agence France-Presse reported. The group had reportedly planned to knock down the façade, re-model the interior and build it again with the same materials. But Madrid’s town hall insisted that the original façades of the historic landmark building be preserved, eventually prompting Wanda to get rid of the skyscraper. Dalian Wanda Group was founded in 1988 and is engaged in three key business activities – commercial properties, culture, and finance. In 2015, its assets amounted to 634 billion yuan with revenue of 290.16 billion yuan. Wanda Commercial Properties is the world’s largest real estate enterprise and the biggest five-star hotel owner in the world. Wanda Cultural Industry Group, meanwhile, is the largest cultural enterprise in China, and the world’s largest cinema operator. It is also the world’s biggest sports company. Elsewhere, Wanda Financial Group is the largest internet finance enterprise in China. By 2020, Wanda Group aims to become a world class multinational corporation with assets of $200 billion, market capitalization of $200 billion, revenue of $100 billion and net profits of $10 billion. Wanda’s chairman Wang Jianlin, with a fortune worth $32.7 billion, is the first mainland Chinese billionaire ranked within the Top 20 of Forbes Billionaires List. Wang, who hails from a poor background in inland Sichuan Province, is also said to be Asia’s richest man. Wanda has been on a high-profile overseas acquisition spree in recent years, such as the $3.5-billion purchase of Hollywood studio Legendary Entertainment in January. The group has also bought the organizer of Ironman extreme endurance contests, Swiss sports marketing group Infront, and a stake in Spanish football club Atletico Madrid, which reached the Champions League final this year. It burst into the international spotlight in 2012 by buying US cinema chain AMC Entertainment for $2.6 billion. Wang’s group also owns more than 200 malls, shopping complexes and luxury hotels across China. However, the company said it is transiting from a real estate company to a “global sports, entertainment and tourism giant.” Last week, Dalian Wanda‘s AMC Entertainment (NYSE: AMC), agreed to acquire London-based Odeon & UCI Cinemas Group, the largest theatre exhibitor in Europe, from private equity firm Terra Firma, in a deal valued at £921 million.]]>

English Historic £18M Blythburgh Estate on Suffolk Coast For Sale

English Historic £18M Blythburgh Estate on Suffolk Coast For Sale

The Suffolk Coast As the nearest coast to London to have remained largely undisturbed, an area of outstanding natural beauty, famed for its food and produce, The Suffolk Coast is a popular destination for holidaymakers. The charming seaside towns provide fun and frolics for families, sweeping countryside make a playground for cyclists, broadside villages and marshland are the perfect spots for nature lovers, whilst shoppers and foodies are bountifully served by the historic market towns. The Land A little over 1,034 acres of land is farmed on an arable rotation growing a variety of cereal and root crops with some land currently used for outdoor pigs. Most of it is farmed in hand with some crops grown under specialist annual cropping licences including seed potatoes and maize. There is currently no irrigation but with the benefit of water, the soil is suited to growing high value vegetable and salad crops. An application has been submitted for a large irrigation water abstraction licence and is presently being considered by the Environment Agency. There are around 75 acres of upland grass which is mainly permanent pasture for grazing and some 427 acres of heathland is largely grazed under an arrangement with Natural England. The marsh grassland includes 193 acres, part of which can be grazed.  The main areas of reed marshes next to the southern boundary of the estate form part of the largest continuous stand of reedbed in England and Wales. This site is acknowledged by the international Ramsar Convention, which is the intergovernmental treaty that provides the framework for the conservation and wise use of wetlands and their resources. The total acreage of reedbed and salt marshland on the estate is around 482 acres. Across the estate is a variety of woodland ranging from areas planted for timber, amenity and sporting, through to the ungrazed heathland areas with varying tree densities. The main stocking is broad leaf with some evergreens. In all the woodland includes 299 acres. A separate block of over 546 acres, currently farmed on an arable rotation, together with a range of farm buildings with grain storage, is available under separate farming arrangement. Residential Property Portfolio There is a portfolio of residential properties occupied on a variety of tenancies, which generate an annual rental income of around £30,240. Sporting Activities The estate has a long history of extensive pheasant and partridge shooting which continues to be run on a commercial basis with the sporting rights are currently let to a third party until early 2022. The extensive network of tracks and free draining soils ensures there is good vehicular access to all of the drives. History Between the 16th and 18th centuries the marshland areas of the reserve were drained providing grazing land and during the Second World War, those around Walberswick were flooded to act as invasion defences. Throughout the 1940s and 1950s the marshes reverted to reedbeds creating a variety of habitats for wildlife including Marsh Harrier, Bearded Tit, Water Rail and Bittern which are now preserved in the reserve. A derelict Grade II listed windmill built in the late 18th century stands on the marshes and provides an important landscape feature as one of only two remaining drainage mills on the east Suffolk marshes. Near to a pair of cottages on the estate is the site where it is understood that Joe Kennedy Jr, eldest brother to US President John F Kennedy, died during World War II when his aeroplane exploded, when he was working on the secret mission, Project Anvil. Blythburgh Blythburgh is now a small village in a rural setting northeast Suffolk, just under 100 miles from London and four miles from the North Sea at Southwold. It is set in a landscape of outstanding natural beauty with tidal river, marsh, heath, small woods, pasture and arable fields. Its magnificent medieval church commands the valley of the river Blyth and acts as a beacon for travelers on the A12 trunk road that links London and Yarmouth. Blythburgh_HolyTrinity_ChurchThe 300 or so inhabitants are either clustered close to the main road and church, or live in scattered cottages and farmhouses in the fields. Visitors keen to enjoy the cultural and recreational possibilities of the area swell the residents’ numbers: artists, birdwatchers, music lovers, and others come seeking relaxation in a rural environment. Yet Blythburgh’s modest state today belies its past importance. The surrounding landscape is rich in archaeological sites dating from Neolithic to Roman times. Blythburgh itself is an Anglo-Saxon foundation. Christianity came to Suffolk early in the seventh century and Blythburgh was one of its most important centres. Indeed, it may have been the location of the Anglian Episcopal seat generally assumed to be at Dunwich. By 654 Blythburgh had a church to which, according to tradition, the bodies of the Anglian King Anna and his son Jurmin were brought after they fell at Bulcamp in battle with the Mercian Penda. The church could have been one of King Ælfwald’s Ministers (he died in 749). The finding of an eighth-century writing tablet in Blythburgh suggests a literate Christian presence at that time. Certainly Blythburgh was for centuries the local centre of authority. Major criminals were punished there and, for all the commercial importance of Dunwich, its merchants had to go to Blythburgh to change money. At the time of the Norman Conquest in 1066 Blythburgh was part of the royal estate. It was one of Suffolk’s twelve market towns, and its church was especially rich, worth ten times the average for Suffolk, one of the richest counties in England. There were two unendowed daughter churches. Blythburgh must have had considerable wealth and influence. Presented By: Panache Privee Ltd. Luxury Properties. Licensed Real Estate Brokers. New York.]]>