August 20, 2019
Latest News

Billionaire Buffett's real estate unit joins forces with Spain's LARVIA

 A file photograph dated April 8, 2015, shows Berkshire Hathaway Inc. chairman and CEO Warren Buffett waving to the crowd after playing a ukulele during an appearance at the Nebraska Furniture Mart in The Colony, Texas. EPA-EFE FILE/LARRY W. SMITH

A file photograph dated April 8, 2015, shows Berkshire Hathaway Inc. chairman and CEO Warren Buffett waving to the crowd after playing a ukulele during an appearance at the Nebraska Furniture Mart in The Colony, Texas. EPA-EFE FILE/LARRY W. SMITH

New York, Jul 15 (efe-epa).- Berkshire Hathaway HomeServices, the real estate unit of billionaire Warren Buffett's Berkshire Hathaway Inc. conglomerate, said Monday it was partnering with estate agency LARVIA to expand its brand into Spain.

"Spain has always been a primary target of our global expansion," Berkshire Hathaway HomeServices chairman Gino Blefari said. "The country is welcoming with incredible people, rich history and culture, and it's a vital hub for global trade, tourism and commerce. As important, we enter the market with a strong and respected agency."

Blefari said "LARVIA will connect our network to the region and beyond, as Spain is a center for many European and Latin American clients."

Under the terms of the deal, the Spanish estate agency will operate under the Berkshire Hathaway HomeServices LARVIA brand starting in late July.

LARVIA is a unit of Petrus Grupo Inmobiliario, which has been developing, restoring, leasing and managing properties, with a focus on luxury real estate, since 1964.

"We are proud to represent Berkshire Hathaway HomeServices in Spain," LARVIA CEO Bruno Rabassa said. "The brand's namesake is Berkshire Hathaway Inc., one of the world's most trusted and respected corporations. As important, we join a network of strong and thriving companies, and we look forward to exchanging client referrals and best practices with those companies."

Madrid-based LARVIA becomes the fifth estate agency to join Berkshire Hathaway HomeServices's global network in the past 16 months.

Berlin's Rubina Real Estate, London's Kay & Co, Milan's Maggi Properties and Dubai's Gulf Properties also previously signed onto the Berkshire Hathaway network.

"Our decision to join Berkshire Hathaway HomeServices is all about providing real estate consumers with the best service and consultation for decades to come," Rabassa said. "We all are very excited for the future."

Irvine, California-based Berkshire Hathaway HomeServices is one of the fastest-growing real estate brokerage networks in the United States, adding some 50,000 agents and more than 1,450 offices in less than six years.

The company generated sales totaling more than $114.5 billion in 2018.

"We are absolutely thrilled that LARVIA will be our Berkshire Hathaway HomeServices brand ambassador in Spain," Berkshire Hathaway HomeServices CEO Chris Stuart said. EFE

News history
Focus is on Macri's goals, Argentina's incoming finance minister says

Buenos Aires, Aug 19 (efe-epa).- Incoming Argentine Finance Minister Hernan Lacunza said Monday that he could not discuss the details of his meeting with...

US gives China's Huawei another 90-day reprieve on sanctions

Washington, Aug 19 (efe-epa).- Chinese tech giant Huawei Technologies on Monday criticized the sanctions imposed by the Donald Trump administration as being...

Iran faces the scourge of fuel smuggling

By Artemis Razmipour

China urges Trump to keep his word, allow business with Huawei in US

Beijing, Aug 19 (efe-epa).- Beijing on Monday urged Donald Trump to keep his word and allow companies in the United States to do business with Chinese tech...

Trump acknowledges US' interest in buying Greenland from Denmark

Washington DC, Aug 18 (efe-epa).- The president of the United States on Sunday said that Greenland was strategically interesting for his country, although...

Japan's trade deficit widened by 9.8 percent in July

Tokyo, Jul 19 (efe-epa).- Japan had a trade deficit of 249.6 billion yen ($2.35 billion) in July, a 9.8-percent increase compared to the same month last...

Trump defends China policy, says US economy is world's best

Washington, Aug 18 (efe-epa).- President Donald Trump on Sunday defended his strategy versus China, on whose goods Washington has imposed heavy tariffs as...

Anti-government rally in Hong Kong

By Steven Russolillo, Joanne Chiu and Eli Binder

Lacunza to be Argentina's new treasury minister as Dujovne quits

Buenos Aires, Aug 18 (efe-epa).- President Mauricio Macri said Sunday that Hernan Lacunza "is the right person" to replace former Finance Minister Nicolas...

Quito video art makes viewers reflect on migration, environment and memories

Quito, Aug 16 (efe-epa).- An unprecedented exhibition in the Ecuadorian capital is making viewers reflect on such concepts as migration, the environment and...

Delivery workers unite to protect themselves from Mexico City dangers

By Zoilo Carrillo

Woody Allen wraps up filming of new romantic comedy set in Spain

San Sebastian, Spain, Aug 16 (efe-epa).- American director Woody Allen on Friday completed shooting on his latest movie, a romantic comedy filmed in Spain...

UK government names Ataer Holdings preferred bidder for British Steel

By Oliver Griffin

Foreign tourism to Mexico up 7 pct. in 1st half of 2019

Mexico City, Aug 15 (efe-epa).- The number of foreign tourist arrivals in Mexico in the first half of 2019 rose 7 percent relative to the same period of...

Iran: US attempt to stop release of seized tanker an act of attempted piracy

Tehran, Aug 15 (efe-epa).- Iran on Thursday said the United States' unsuccessful attempt to prevent Gibraltar's authorities from releasing a seized Iranian...

Alibaba's sales jump 42%, beating expectations

By Stu Woo

Japanese economy starts feeling effects of diplomatic spat with South Korea

By Antonio Hermosin

Bogota has many advantages in attracting foreign investment

Bogota, Aug 14 (efe-epa).- In the past 10 years, Bogota has received some $20 billion in foreign investment via more than 1,100 projects that have created...

Wall Street plunges, Dow Jones down 3.05 pct.

New York, Aug 14 (efe-epa).- Wall Street closed Wednesday with heavy losses and the Dow Jones Industrial Average, the benchmark indicator, dropped 3.05...

Panama Canal optimistic after China gets reprieve on US tariffs

Panama City, Aug 14 (efe-epa).-The Panama Canal on Wednesday applauded the United States government's decision to postpone new tariffs on a range of Chinese...

ECLAC: FDI in Latin America up last year for 1st time since 2012

Santiago, Aug 14 (efe-epa).-Foreign direct investment in Latin America rose 13.2 percent in 2018, ending a five-year spell of FDI contraction, the Economic...

Germany's economy contracts by 0.1 percent in Q2

Berlin, Aug 14 (efe-epa).- Germany's economy contracted by 0.1 percent in the second quarter of 2019, the country's statistics office said in a statement...

Hong Kong court bans protests from airport

Hong Kong, Aug 14 (efe-epa).- A Hong Kong court on Wednesday ordered demonstrators to cease their protests at the city's airport and to stop interfering...

CBS, Viacom to merge, creating ViacomCBS

New York, Aug 13 (efe-epa).- CBS and Viacom announced on Tuesday a merger agreement that will reunite the two companies, which previously merged but then...

I agree Welcome to news4europe.eu. We use cookies to improve your online experience. Find out more.