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Warren Buffett’s Real Estate Firm Buys a Company in Marbella to Grow in Spain

Berkshire Hathaway HomeServices has acquired control of the real estate company Value Added Property, specialising in the commercialization of luxury homes on the Costa del Sol.

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A luxury home in La Zagaleta (Málaga).

Berkshire Hathaway Home Services, the real estate agency owned by the American magnate Warren Buffett, has taken control of Value Added Property, a real estate agency based in Marbella and specialising in the commercialisation of luxury homes in the area.

The operation from Berkshire Hathaway HS comes a year after the firm made its debut in the Spanish real estate market. Like in other markets, Buffett’s real estate agency chose to ally itself with a local partner, in this case, the chosen firm was Larvia, a real estate consultancy founded in 2012 by the Rabassa family, owner of the property developer Petrus.

Read the full article in Spanish.

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