Engel & Völkers sells plot of land for 38.5 million US dollars in Miami
- Chinese construction company buys one of the last undeveloped plots in Miami Beach
Hamburg, 08 December 2015. Engel & Völkers has sold the most expensive plot in its company history in the USA. The plot is located on the beach front in Miami Beach. The residential property shop in Miami sold the plot to a Chinese construction company for 38.5 million US dollars, or around 35.5 million euros. Engel & Völkers worked alongside another real estate company to represent the seller, a property developer called “The Peebles Corporation”. Irving Padron, Managing Partner of Engel & Völkers in Miami, explains: “This plot is one of the last undeveloped plots of land in Miami Beach – one of the most sought-after property markets in the world. The plot offers versatile building opportunities with great investment potential.” The plot measures over 3,900 square metres, and the plan is to build up to 60 luxury apartments or an exclusive hotel with around 150 rooms.
“The Peebles Corporation” has worked with Engel & Völkers Miami several times in the past. “The reason for our successful collaboration is the worldwide network of Engel & Völkers and the resulting marketing opportunities we offer”, adds Irving Padron.