Commercial real estate marketplace, Brevitas, has announced its collaboration with one of India's largest development companies, Embassy Group. The collaboration serves to further expand Brevitas' presence in one of commercial real estate's emerging markets.
Brevitas is the leading online platform dedicated to off-market commercial properties. Membership is limited to qualified investors and brokers of commercial real estate assets from around the globe.
The agreement cements the relationship between one of the world's pre-eminent asset management and development firms with the most powerful resource for buying and selling commercial real estate privately. With an influx of activity throughout the primary American markets and Western Europe, Brevitas has seen rapid growth since launching this past September, now boasting over ten billion dollars in assets for sale. The collaboration with Embassy Group seeks to build on this growth to create new opportunities for Brevitas members.
"Working with Embassy Group gives us unheard of access to arguably the world's most important real estate market. We see it as a win-win for both sides of our marketplace. This allows us to connect our members with investment opportunities they would not otherwise have access to," said Brevitas CEO, Ardian Zagari.
The commercial real estate industry has been slow to embrace technology, therefore a vast majority of commercial assets are never sold online. This collaboration is representative of real estate's biggest players arming up and preparing to adopt new, disruptive technologies in order to gain a competitive advantage.
"The Embassy team is led by forward-thinking individuals who are always pushing the envelope - it was part of why we felt this was such a natural fit. We are giving buyers and sellers of flagship real estate assets unprecedented opportunities to connect and build relationships; our agreement with Embassy Group serves to further these relationships," explained Zagari. Details of the collaboration between the two companies are expected to be released in the coming weeks.
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