MIAMI--(BUSINESS WIRE)--Edgardo Defortuna, Founder, CEO and President of Fortune International Group, has announced his firm’s alliance with Savills plc.
London Stock Exchange-listed Savills plc, established in 1855, is a global real estate powerhouse with more than 600 offices and 30,000 employees across Europe, Asia Pacific, Africa, the Americas and the Middle East. Savills offers a broad range of specialist advisory, management and transactional services to clients all over the world.
The collaboration will generate significant growth opportunities by greatly extending the business reach of both Fortune, through connection into a global network, and Savills into the valuable Florida property market.
Fortune International Group and its brokerage division, Fortune International Realty, have 1,000 associates in 15 offices in Florida from Orlando to Miami to Key Largo, and a strong presence in Latin America.
The combined Fortune companies have completed $3.5 billion in sales each year for the last three years. In the last two years, more than 80 percent of those sales have been to foreign nationals originating from 82 different countries.
“Fortune International Group’s expertise in working with international buyers and sellers makes our alliance with Savills an exciting one. Our strong US and Latin American presence complements Savills’ reach into other parts of the world. Together we can provide an unparalleled platform to serve a worldwide clientele,” said Defortuna.
Since 1983, Miami-based Fortune International Group has been a pacesetter in South Florida real estate, steadily expanding into property management, exclusive on-site sales representation for luxury developments, and ground-up development of signature properties. Among Fortune’s high-profile developments are Jade Signature, Jade Ocean, The Ritz-Carlton Residences Sunny Isles Beach, Hyde Resort & Residences in Hollywood, FL, and Auberge Beach Residences and Spa Fort Lauderdale.
Rupert Sebag-Montefiore, head of global residential, Savills, said, “We are delighted that a firm of such scale and quality has joined our global residential network. Fortune International Group complements our existing US Associates in New York, Los Angeles, and San Francisco.
"The Miami real estate market is now one of the strongest and most international residential markets in the world, making Fortune’s membership of an international network all the more relevant.”
Notes to Editors:
Savills is a global real estate services provider listed on the London Stock Exchange. Savills operates from over 600 corporate and associate offices, employing more than 30,000 people in over 60 countries throughout the Americas, the UK, Europe, Asia Pacific, Africa and the Middle East, offering a broad range of specialist advisory, management and transactional services to clients all over the world. Visit www.savills.com
In 2014, Savills expanded its US presence and global tenant representation capabilities with the acquisition of Studley, now trading as Savills Studley. In June 2015, the firm completed the acquisition of Smiths Gore, provider of rural and residential property services in the UK.