Odevo Expands Into New Markets in Southern Europe and Latin America
Odevo's Strategic Expansion into New Markets
Odevo, a renowned global residential property management group, is excited to announce its entry into new markets across Southern Europe and Latin America. This expansion includes the addition of Spain, Italy, Mexico, and Portugal, made possible through its partnership with Portik Group. Portik Group has established a robust reputation in these regions, consistently delivering excellent services to homeowners and residents alike.
A Vision for Growth
Daniel Larsson, CEO of Odevo, emphasized the company's commitment to becoming a leader in residential property management through exceptional service. "We aim to combine strong local leadership with cutting-edge technology, which allows us to extend our services beyond conventional property management. Today, we have a global reach impacting over 2 million homes, and adding these four new markets represents a significant achievement in our mission," he stated.
Success of Portik Group
In recent years, Portik has made remarkable strides, connecting with 18,000 homeowner associations and achieving impressive sales figures in the European and Latin American markets. With a reported €70 million in sales for 2024, the company has experienced a remarkable growth rate of 50% year-over-year.
Larsson further praises Portik: "Their rapid growth showcases an impressive cultural and entrepreneurial spirit across their teams, which has allowed them to integrate over 100 companies efficiently. Portik’s ambition aligns perfectly with Odevo’s forward-thinking vision, establishing strong synergies for future growth."
Shared Values and Vision
Portik Group's CEO, Jorge Garcia, shared insights into their mission, stating, "Since our inception, we have aimed not just for growth but to genuinely produce value for homeowners and residents. Our collaboration with Odevo enhances our capacity to provide personalized solutions that improve the quality of life for individuals across communities. This partnership is a pivotal move allowing us to open new doors for our clients and teams alike.”
Supporting Portik's Development
Gonçalo Mendes from Oxy, a key supporter of Portik’s growth, noted how their collaboration has propelled Portik to become a market leader in Southern Europe. He expressed excitement for the next phase in their growth journey, where joining forces with Odevo will further amplify their capabilities and service quality.
Portik's Diverse Offerings
Portik operates multiple brands, including INMHO in Spain, LDC Group in Portugal, Estia in Italy, and All In One in Mexico, managing over 600,000 properties. These services encompass aspects like homeowner associations, real estate brokerage, insurance, and essential facility services, ensuring a comprehensive property management package that resonates with client needs.
About Odevo
Founded in 2019, Odevo has experienced a remarkable growth rate, averaging 26% annually over the past few years. Employing over 10,100 individuals globally, the company manages approximately 2.2 million homes. Its significant investments in technology have led to an expansion of their engineering teams from just 4 to 150 members, solidifying its footprint across Europe, the UK, the US, and Latin America.
About Portik Group
Portik stands as the leading property management company in Spain, Portugal, Italy, and Mexico, managing an extensive portfolio through a strong network of over 100 branches and 2,000 skilled professionals. Their objective remains focused on setting new standards in property management, leveraging technology and transparency to deliver remarkable value to clients.
Frequently Asked Questions
What is the significance of Odevo's expansion?
This expansion signifies Odevo's commitment to enhancing service delivery by entering new markets in Southern Europe and Latin America.
Who is Portik Group?
Portik Group is a property management company that has a significant presence in Southern Europe, managing over 600,000 properties through numerous brands.
How does Odevo plan to differentiate itself in the new markets?
Odevo aims to combine local expertise with innovative technology to provide superior property management services tailored to each community's unique needs.
What are the expected outcomes of the partnership between Odevo and Portik?
The partnership is expected to enhance service offerings, improve community engagement, and drive further growth across the newly entered markets.
What are Portik's plans for future growth?
Portik aims to continue expanding its operations and services, utilizing innovative solutions and deepening the quality of service provided to clients in collaboration with Odevo.
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