Holding "Vivium": Acquisition of VIVA Sotheby's International Realty in Spain - Construction News, Middle East.

VIVIUM Holding, a family office, investment enterprise, and strategic partner of Luxhabitat Sotheby’s International Realty, has taken a new step by acquiring VIVA Sotheby’s International Realty in Spain.

This news follows the establishment of Saudi Arabia Sotheby’s International Realty in the Middle East and the acquisition of United Kingdom Sotheby’s International Realty.

VIVA Sotheby’s International Realty currently has seven offices in Puerto de Andratx, Madrid, Costa Blanca, Mallorca, Menorca, Ibiza, and Formentera in Spain.

With the acquisition of VIVA Sotheby’s International Realty, the company has also added Andalusia to its geographical service regions and plans further expansion.

This is the first step for VIVIUM Holding into the European brokerage and consulting sector using Sotheby's International Realty, and it positions the company for further growth, with plans to open offices in fourteen key cities in Spain over the next five years.

The company will also focus on strengthening partnerships with leading local luxury real estate developers and attracting talent to better serve its clients and their investment assets.

The founder and CEO of VIVIUM Holding, Eli Kouri, says: "Acquiring VIVA Sotheby's International Realty is a strategic move for us in our luxury residential and hospitality business. By expanding into new territories, we gain a strong advantage, strengthening our presence and capabilities in the industry. This acquisition perfectly complements our portfolio, enhancing our ability to deliver exceptional value on a global scale and reaffirming our commitment to excellence, solidifying VIVA Sotheby’s International Realty's position as a leader in luxury services and lifestyle in Spain."

The President and CEO of Sotheby’s International Realty, Philip White, says: "According to data from the Instituto Nacional de Estadistica (INE), there is a growing demand in Spain, and in 2022, home sales increased by 14.7%.

With the addition of VIVA Sotheby's International Realty to its portfolio, VIVIUM Holding now has four territories under its umbrella, providing clients with even greater access to the most exquisite homes in the EMEA region.

This step is also an important move towards the regional and global expansion of the company, strengthening VIVIUM Holding's position as a dominant force in the luxury real estate market.