Business
Exxe Group Updates New Real Estate Portfolio Valuation, Planned Roadmap, and Monetization of AXXA Metaverse Initiative
Exxe Group Updates New Real Estate Portfolio Valuation, Planned Roadmap, and Monetization of AXXA Metaverse Initiative.
About this update from Exxe Group Inc.
[{"type":"text","content":"Value and monetization potential of new real estate deal greater than initially forecastExxe closed $10M out of the $100M in assets, estimates show an immediate 25% increase in valueAudits of New 100M Real Estate portfolio to be completed in the next fiscal yearMultiple projects underway in Metaverse, digital assets to account for lion's share of the revenueExxe achieved a major milestone: $250M in assets following the closing of a recent real estate dealCompany outlines planned physical real estate, digital services roadmapNEW YORK, NY / ACCESSWIRE / December 16, 2021 / Exxe Group, Inc. (OTC PINK:AXXA), ("Exxe" or the "Company") a diversified fintech company, provides a series of updates on its recent real estate opportunity along with the planned roadmap and monetization events, going forward. In addition, the Company is providing shareholders with future press release topics.New Real Estate Assets Offer Valuation and Revenue UpsideExxe has completed the first stage of its $100M in assets transaction that covers commercial and residential properties in Frankfurt, Berlin, Hamburg, Munich, Wuerzburg, Silt, Bern, Zurich, and Mallorca. The $10M transaction includes three out of a (future) total of six buildings in Frankfurt with commercial, and mixed-use commercial/residential spaces in a highly sought-after section known as the Frankfurt Bornheim region, which is a popular area to live, work, and play. The area boasts popular cafes, bars, and boutiques alongside offices and buildings. As part of the three-building acquisition, 28 residential units out of 41 are represented in the transaction, with a total of 250 units on the books once the entire $100M Western European deal closes. The next transaction will cover commercial and residential properties in Hamburg.Estimates suggest that the value of these properties represents an immediate 25% increase in value, and management plans to audit the entire new real estate portfolio next year. In the interim, management believes it can double rental income and revenue from other sources in the next two years. The Company is implementing standard property improvements and high-end Exxe solutions such as design, furniture sale, digital services through Exxe's Daskozept Group, and payment processing through our 1Myle Crypto Swaps. With these modest improvements, Exxe off...