PPF Real Estate Holding has partnered with US developer Aventon Companies to build a residential complex in Orlando, Florida. The project follows the acquisition of the SouthPark Center office building. The original transaction in December 2021 included the purchase of 12.5 hectares of land for future development. The two firms have formed a joint venture to develop the residential project, in which PPF Real Estate is the majority partner. The Aventon Opal complex is scheduled for completion in 2023 and will offer more than 300 residential units. The total investment allocated by PPF Group for the development of the business in the USA exceeds EUR 500m.
Prepared by the team of employees of CzechTrade Chicago.