Judging the PR Category for the D&AD Awards was interesting considering that I have only been in the PR space for the past two years. However, it was great to see the consistent link between PR and social through all the work submitted. Here are some key social media trends I picked up on in the PR category...ByAshleigh Burton
Spending via 'buy now pay later' (BNPL) services, which are integrated within e-commerce checkout options, including fixed instalment plans and flexible credit accounts, will reach $995bn in 2026, from $266bn in 2021. This is according to a new study from Juniper Research titled Buy Now Pay Later: Vendor Strategies, Regulatory Frameworks & Market Forecasts 2021-2026.
Geneva-based property investment, development and asset management business RE Capital, and Neworld, a European-domiciled property development company, have launched a joint venture called Reward Properties. The new company offers investors the opportunity to buy into the high-end residential Portuguese real estate market.
LX Living, Lisbon Portugal
The two companies first worked together in 2019, developing residential and mixed-use projects in Lisbon. The partnership’s first project was LX Living, a €90m, 150-unit mixed-use development in Amoreiras, Lisbon.
In addition to LX Living, Reward Properties has in its current portfolio two development sites in Marvila, Lisbon, where a total of 300 apartments will be built over the course of the next four years, and a further site in the Algarve, Southern Portugal, which will add another 43 villas to the company’s portfolio. The gross development value of the current Reward Properties portfolio is approximately €300m.
Skybound Capital, a London-based global wealth management business, will be Reward Properties’ official finance partner.
Marvila Collection, Lisbon Portugal
Newman Leech, co-founder and CEO of RE Capital, commented: “By combining to create Reward Properties, we have discrete but complementary capabilities, and we are delighted to be on a journey together, building a new venture which we believe offers something quite compelling to investors.
John Rabie, founder and chairman of Neworld, added: “Following the success of our initial partnership, it made strategic sense for us to commit to a joint destiny and to create a new offer that combines our skill sets, joint resources, technical expertise, and access to markets - all of which add great value for our international investors, especially those who might be buying property internationally for the first time.”
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