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

Carmel Drake
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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.