In 2018 sitEX acquired an equity share of 33.33% of Avex Homes LLC. The real estate development company is based in Orlando, FL (USA) and was founded by experienced Swiss and American investors. The company was established in 2012 and began operations in 2013. Since inception, the company has grown significantly and has become one of the major developers in the Orlando region. The company is currently selling in nine communities in Central Florida. The product comprise of single family homes and townhomes with selling prices ranging from USD 190'000 to USD 500'000. sitEX Properties AG and AVEX Homes LLC collaborate in several communities through performance contracts. With the investment of sitEX in Avex, the collaboration shall be intensified and extended to other communities.
Link to eKMU-X by ZKB