Business
Exxe Group Adding to Real Estate Portfolio and Announces AXXA Metaverse Initiative
Exxe Group Adding to Real Estate Portfolio and Announces AXXA Metaverse Initiative.
About this update from Exxe Group Inc.
[{"type":"text","content":"Set to close the first phase of New Deal real estate acquisition which should add $25M value per quarterAnnounces AXXA Metaverse Initiative which leverages and integrates successful core Exxe Group assetsAsset acquisition, digital products/services enjoying huge growth, the value rises in Metaverse ecosystemPlans to substantially grow assets via a blend of the physical asset and digital asset acquisitions, servicesNEW YORK, NY / ACCESSWIRE / December 9, 2021 / Exxe Group, Inc. (OTC PINK:AXXA), ("Exxe", "Axxa" or the "Company") a diversified fintech company, announces its plans to transform the way real estate and business services industries conduct business while concurrently serving as early adopters and providers of digital assets, products, and services as part of the AXXA Metaverse Initiative. At the strategy's core, the Company is already simultaneously expanding its reach in the two key segments: physical real estate and digital real estate assets. In this fashion, Exxe serves as a two-way digital and physical conduit and can integrate its successful approaches in physical business M&A with its digitization strategy, thus utilizing these methodologies to rapidly take advantage of lucrative opportunities in the Metaverse.The New DealIn recent months, management has alluded to an opportunity to acquire, in stages, commercial and residential assets whose values should approach an estimated $100M. The first stage is set to close in early 2022 of which the first ten million will be added in the current quarter and it is anticipated that with each closed stage, $25M in assets should be added to the Company's real estate portfolio, per quarter. The portfolio includes approximately 250 residential units along with commercial property and land. The property is mostly dispersed throughout Germany's largest cities along with other Western European nations.Management anticipates that traditional revenue will be generated from these commercial and residential properties along with other recurring revenue via the introduction and leverage of its digitization and services integration strategy to current and future tenants in these properties. For example, Exxe Group plans to leverage the online and physical design services and products of its Daskonzept Group business which in turn potentially raises th...