PPF strengthens its position in the US Market with plans to build hundreds of luxury apartments in Florida.

Published: 30.08.2022 Related countries:  U.S.A. U.S.A.

Aventon Opal will offer more than 300 luxury residential units in four- to five-story apartment buildings with a community park in the Orlando, FL area in 2023.

The Kellner family's PPF Financial Group is strengthening its activities in the United States, where it recently purchased a large office complex in Florida. The company will cooperate with an American developer, Aventon Companies, on residential development.

PPF is not a complete newcomer to real estate in the United States. At the beginning of 2021, PPF took over an office park in Atlanta, and purchased offices in Florida at the end of the year. This transaction also involved the purchase of 12.5 hectares of land in the Orlando area for future development. To implement the new development project, PPF Real Estate and Aventon Companies have created a joint venture in which PPF Real Estate is the majority partner.

"Aventon Opal offers state-of-the-art one-, two- and three-room units and luxury amenities, including a resort-style pool with private cottages, a summer kitchen with barbecue and an outdoor pizza oven, and a common room with a wet bar, TV, and poker table," the project's official press release reads. Residents will also have access to a convenience market, a 24 hr fitness center, and a clubhouse with five private offices. There will also be a dog park and a spa for pets.

"PPF Real Estate welcomes the creation of a joint venture with the successful developer Aventon Companies. We will want to replicate this model of cooperation and business partnership in other planned investments in the wider Sun Belt region in the south-east of the USA," said Aaron Smith, Managing Director of PPF Real Estate USA.

Source: www.cc.cz

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