Villae International Issue 11

Dear reader, Welcome to what is already the 11th edition of Villae International, a luxury magazine which in addition to being the official publication of the European Real Estate Network has also received accolades for its quality of concept, content and design.

It is therefore with great pleasure that we welcome you to another edition of what is for us a labour of love and a soundboard of our shared philosophy – a philosophy built upon the foundations of service, excellence and appreciation for quality in all that we do, be it making a magazine, a website or indeed marketing beautiful properties across Europe.

José Ribes Bas

EREN Director

We blend this classic sense of ethics and integrity with a thoroughly up to date understanding of markets and accompanying approach to marketing. EREN is vibrant and growing because it offers its selected real estate agency members the tools with which to achieve results and deliver more efficient customer service.

The tools that add value and offer high ROI include a truly outstanding performance-oriented digital marketing platform linked to an effective lead notification system. Translated into five different languages, it produces excellent measurable results that are a reflection of the prominent position we occupy in the relevant search portals.

We are, therefore, a thoroughly modern and dynamic organisation that produces results whilst also representing a guarantee of quality and expertise. The reaction from the luxury real estate market has not lagged behind, and having interviewed applicants across Europe we are proud to announce two new members: Quintela & Penalva in the greater Lisbon area and Amat Luxury of Barcelona.

In recognition of this the next EREN Annual General Meeting in June will be held in Barcelona, where our members will once again have the opportunity to exchange the knowledge that keeps us at the forefront of luxury real estate in Europe.

As Lao Tse said in Tao te Ching, “The way leading to the true road is not an everlasting one,” so we are forever mindful that success is no reason for resting on one’s laurels. Quite the contrary, it spurs us on to ever greater achievements, and this requires a flexibility of mind and spirit as well as an appreciation for the beauty and quality that surrounds us in the luxury sector we are proud to work in.

It is with this in mind that I invite you to enjoy articles that range from modern architecture and what makes a luxury brand to the latest trends in private air travel and prime real estate.

Welcome to Villae International Magazine XI. Enjoy your reading.

José Ribes Bas Publisher

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INTERNATIONAL

VILLÆ INTERNATIONAL is a publication of:

European Real Estate Network, Ltd., 73 Watling Street London EC4M 9BJ T. +44 0203 178 6154 F. +44 0203 178 6155 www.europeanrealestate.org info@europeanrealestate.org EREN Board of Directors Ueli Schnorf Giancarlo Bracco José Ribes Bas bod@europeanrealestate.org EREN Executive Director Eric Bryn eric@europeanrealestate.org Original Concept by Benedetta Viganò, Diana Morales & José Ribes Bas Editor and writer Michel Cruz MANIFESTO DESIGN s.l., Marbella info@manifestodesign.com (+34) 952 880 923 Art director and Design Modesto Granados ESTUDIO MODESTO, Valencia modesto@estudiomodesto.com (+34) 667 208 071 Photo credits Shutterstock Thomas Dressler McLaren Automotive Advertising ads@europeanrealestate.org Publisher José Ribes Bas Printing and distribution controlled by PGD D.L.: V-757-2006

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11 ON THE COVER One of Ticino’s most striking penthouses.

A gem for two people is this fabulous 220sqm penthouse, positioned high above Locarno, giving superpanoramic views over lake Maggiore and mountains. A huge central loft-style living room with open kitchen extends seamlessly onto the large terrace. Extending into a luxurious night zone and into a wellness zone with indoor/outdoor pool and saunas – will make even the most demanding heart beat stronger! CHF 3,85Mio. See more on page 91.

CONTENTS 18

60 32

06 THE MAKING OF LUXURY BRANDS What is the alchemy that goes into luxury?

10 LUGANO 2015 EREN looks back upon an inspiring AGM 12 EREN NEWS We introduce our two latest handpicked members

52 DOMINATOR, SHAPED BY THE SEA ITSELF The ultimate compliment to your landbased villa 58 BEACH HORSE RACES Ascot by the beach, Sanlúcar de Barrameda

14 LUXURY REAL ESTATE TRENDS The latest currents in luxury property

66 THE WONDERFUL CREATIONS OF FRANK STEPHENSON The greatest car designer of our age

18 PENTHOUSE LIVING Life at the top

67 PROPERTY SECTION Luxury homes selection

32 LIMOUSINES OF THE SKY The growth of private jet travel

92 SUCCESSFUL INTERNATIONAL COOPERATION How the EREN system produces international results

38 WHAT MAKES MODERN ARCHITECTURE MODERN? Only quality transcends fashions 46 PLUCKING THE HEARTSTRINGS Collections that are also a great investment

96 EREN DIRECTORY Eren boutique offices’ addresses

50 MAKING IT BIG $ Dreaming the American Dream

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THE MAKING OF LUXURY BRANDS

The luxury brand is a phenomenon with greater resonance and importance than ever, yet it is something that has been with us for a long time. Indeed, one can generally say that the more illustrious the provenance of a brand is, the greater is its appeal.

By Michel Cruz

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T

he word ‘luxury’ is greatly overused and abused, for such is the sense of value, uniqueness and exclusivity evoked by it, that everyone would like to be associated with the term, even when not exactly satisfying the standards implied.

The mechanics of luxury What makes something truly luxurious is a rather poorly defined concept of desirability and privilege that we can’t really quantify as much as we can sense it. We would all agree that Bentley, Ferrari, Chanel and Dior represent luxury, but ask someone to establish a clear dividing line supported by a clear rationale and they will mostly struggle to do so.

Luxury is therefore all about an experience – an experience that makes those who receive it feel special. From an economic point of view it takes the utility derived from a product or service to the next level, extending well beyond need fulfilment and pleasure to the realms of the rare and beautiful.

We prize experiences that are both pleasurable, regarded as being of quality and those that are rare. The measure with which the experience can be replaced or reproduced has an effect on its desirability, and therefore its price. Naturally, not everybody can afford the greater luxuries, and in limiting consumption to a select few the exclusivist cost factor reduces supply output and thereby further enhances both the sense of exclusivity, or luxury, and the accompanying price tag.

Acquiring ‘luxury’ status Suffice it to say that if you find yourself in this position as the producer of a luxury good or purveyor of luxury services you are certainly on to a good thing. Joining the club, so to speak, is certainly possible, but not easy. Much of the aura surrounding luxury and privilege is woven into having a rich and illustrious past, as is reflected in the fact that many exclusive brands will proudly indicate from when they have been in operation or been in commission to royalty.

Even though the world is changing and younger generations are shifting snob value towards brands that represent the pinnacle of modern designer chic or avant-garde technology, classic brands with a rich tradition and history are still very much worth their weight in gold. Why? Because it makes people, and in particularly those relatively new to the trappings of financial wealth, feel like they have arrived.

Even the rich exhibit herd patterns, and at the end of the day doing well is as much about projecting success as it is about rewarding yourself with the pleasures that money can buy – sometimes even more.

champagne-making chateaux, the finest Savile Row tailors and those who offer many of the world’s most hotly desired luxuries. The reason such brands retain an edge is because, love Apple and Tesla as we do, modern brands simply don’t have the mystique and elegance that those from another age carry. Born of an age of plastic and often forgettable massproduction, the new luxury brand fights an uphill battle against an age associated with aristocracy, true privilege, studied refinement and exquisite craftsmanship.

…and keeping it But this does not mean that it is a lost battle. Many new or relatively new brands have risen to dizzy heights of perceived value and desirability, but far fewer have stood the test of time.

To achieve fame and success is hard enough, to maintain it is much more difficult. How should one go about it without attempting to be a ‘faux classical’ brand? By embracing the contemporary exclusivity and quality of the product or service in question. The latter may be as modern as it likes as long as it manages to also capture that elusive sense of style, sophistication and exquisite quality that classical brands abound in.

Fine examples are handmade modern sports cars such as the Spyker, the Pagani or the Koenigsegg. Harbingers of modern technology, these brands are essentially new, pioneering in their thinking and often not at all classical in their styling, yet they are regarded as ultimate examples of luxury because they combine the two most important ingredients: opulent quality and rarity. And with this comes a cost, for not only is such a vehicle sumptuously beautiful, made of the finest handcrafted made-to-measure materials, personalised and manufactured in small quantities, but it is also exclusively expensive.

To maintain such hard-won status is never easy, and more difficult today than it was in somewhat more straightforward old-fashioned times. Today much more money is in younger hands or in the possession of people who follow more contemporary styles and trends. Simply appealing to old sentiments of class and style is no longer enough, so to truly establish a brand among the rich firmament of stellar names like Bulgari, Bugatti and Balmain one has to evoke an ageold sense of quality and prestige whilst understanding the dynamics of the market and the winds of change that are forever sweeping through what used to be dusty cupboards.

Good luck, for being in an ever more luxury-conscious world with a rapidly growing and internationalising High Net Worth population the rewards for success in the luxury sector are certainly worth pursuing.

And so the likes of Hèrmes, Lalique and Rolls-Royce build upon a rich pedigree, as do many of the wine-and

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EREN ANNUAL GENERAL MEETING LUGANO 2015

Unique Insights and Opportunities

by Eric Bryn

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haring market insights, strengthening relationships and charting new paths in mobile and digital marketing were the primary themes of the 11th Annual EREN International Business Symposium and Member meeting. Held in beautiful Lugano, Switzerland, November 5th through November 7th 2015, the meeting reinforced the power and unique position of EREN within the European and international luxury real estate markets.

The Annual EREN Symposium gives each EREN member—in a confidential and private atmosphere— the opportunity to deliver a formal market analysis and insight report to the leadership executives of each EREN member. These mutual analyses and insights allow each EREN member to accurately reflect the current state and future expectations regarding the luxury European real estate market to their individual clients. Additionally, each member had the opportunity to share a selection of exclusive properties that are completely confidential.

Another benefit of EREN is its performance-oriented digital marketing platform, centred upon a mobileresponsive web ecosystem that’s tethered to an effective lead notification system. What makes this ecosystem particularly powerful is that all content is translated into five different languages by a highly skilled translation team. Having revamped the entire system (across all five languages) in the

second half of 2015, the EREN IT team has already seen phenomenal performance and luxury lead generation advancements. Eric Bryn, SVP of EREN, and Ignacio Artagoitia, CTO of EREN, discussed how the EREN platform remains uniquely relevant and highly indexed within Google (particularly across its non-English language search portals), how mobile ubiquity is changing high-end consumer norms and expectations, and how EREN is well-positioned to meet these expectations on behalf of its member’s firms and their clients.

The Annual EREN Meeting sets the stage for each EREN member to best serve its clientele in the forthcoming year. The 2015 meeting was a success in this regard. The next EREN International Business Symposium and Member meeting is scheduled for June 9th to June 11th 2016 in beautiful Barcelona.

“Another benefit of EREN is its performance-oriented digital marketing platform”

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EREN NEWS

Two new members join our network Quintela & Penalva Real Estate from Portugal

Carlos Penalva and Francisco Quintela

Quintela & Penalva - Real Estate

Quintela & Penalva - Real Estate VILLÆ 12

With the ideal combination of legal profession and financial market experience, guided by a common vision, Francisco Quintela and Carlos Penalva established Quintela & Penalva Real Estate in 2004, a specialized boutique brokerage firm. Quintela & Penalva Real Estate has become a brand based on discretion, efficiency, trust and excellence; a reference for both national and international clients wishing to invest in Portugal.

Consisting of a team of more than 40 talented senior consultants and young experts, Q&P Real Estate offers in-depth local knowledge and advisory support to meet our clients’ investment needs and lifestyle requirements. We offer exclusive and exciting properties with emphasis on Lisbon and surrounding areas, offering a wide range of real estate solutions from contemporary construction by our renowned architects to picturesque classical houses residing in lively neighbourhoods. Our variety may accommodate immersive metropolitan, undisturbed coastal lifestyles, or anything in between.

Amat Luxury

Amat Luxury from Barcelona

Amat Luxury

Amat Luxury is a brand belonging to the Amat Group in its more sophisticated side, focused on luxury properties for both sale and rent in Barcelona and primarily residential areas surrounding the city. Our parent company, Amat Immobiliaris is a family business with over 70 years in the Catalan real estate market, which supports our experience, professionalism and excellence in customer service.

In Amat Luxury we can claim to be the ambassadors of the “Mediterranean Way of Life” as we offer a selection of properties characterized by Mediterranean culture both for its architecture and its landscape, its climate and its services.

The luxury that identifies our brand is not only reflected in our portfolio but also in our expertise, our commitment and unique relationship of closeness and understanding with the people who use our services.

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LUXURY REAL ESTATE TRENDS

By Michel Cruz

T

he first to bounce back, the luxury real estate market has shown resilient growth in the past few years, yet it has emerged not only refreshed but also displays some highly interesting new trends.

We look at the factors that are driving this elite housing sector now and for the foreseeable future.

As a concept, luxury defies precise description exactly because it is not a scientific constant but a notion embedded within the core of the human soul. Man has craved luxury ever since he was capable of forging comfort, style and status out of his surroundings. As civilisations rose and technological skills developed this desire for ‘luxury’ grew apace. We see it represented in the old palaces, mansions and chateaux, and though millennia have passed from the earliest known representations, our appetite for the good things in life remains undiminished. Today, new trends are once again redefining the nuances of what luxury means, and for those involved in the upper segments of the real estate market, it is important to have a firm understanding of them.

What luxury means today Though the precise figure varies widely across the globe, the general accepted benchmark for luxury real estate is $2 million and upwards, but naturally this

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Michaël Zingraf. Cannes

is just a starting point. Ask affluent buyers what they truly, honestly seek from a home and factors such as quality, style, location, comfort, amenities, security, privacy and even status stand out. Above all, the HNW and especially UHNW buyers are looking for properties that are extraordinary and capable of offering not just impressive bricks and mortar, but the desired lifestyle.

In short, in the luxury market it is more and more about the overall experience.

Buyers in this category are increasingly global in nature, both in terms of their personal origins and in relation to their chosen locations. They are divisible into various demographic categories and the properties they invest in belong to different real estate types, but many of the essential drivers remain constant.

Exclusivity Also defined as rarity, it adds to the value of a luxury item – a property in this case – as its uniqueness by its very nature inverts the relationship between supply and demand. Moreover, the idea of owning something that stands out and cannot be easily replicated appeals to the mindset of affluent buyers. Many of the top new developments add exclusivity and brand value by appointing big name architects.

Paris

Status A top location is often built around a top address and the status it bestows. A new trend here – reflecting perhaps the influence of younger HNW buyers – is the growing acceptance of up-and-coming areas in main urban centres.

Quality A concept that is inextricably tied to luxury real estate, it encompasses the use of top quality materials, appliances and finishings that offer the ultimate in comfort, style and opulence, as well as a long list of amenities. Technology has transformed the latter over the past decade or so, adding to and transforming traditional features such as bars, spas, wine cellars and entertainment areas. These are now set within intelligent homes with advanced ‘touch-of-a-button’ automated systems. As a result, visual features such as waterfall curtains are becoming increasingly impressive and desired as a means of distinction.

Security In a world sliding towards greater disparity of wealth, security is an important consideration, both in the choice of location and within the home itself. Part of the idea of creating a safe, comfortable family environment is the sense of privacy within a property

that offers multi-generational accommodation and entertainment facilities.

Experience Many of these factors combine to produce the experience that is so vital to people for whom time spent at home with their loved ones is one of the most precious commodities of all, but factors such as the setting and the views offered also play an important role in creating the right conditions.

Convenience As shown by the rapid growth in private jet travel, today’s HNWIs can truly be called the jet-set generation, so access to and within the property’s setting is important as well. More and more buyers in this category are also looking for fine dining, entertainment and cultural offerings on their doorstep.

Extraordinary homes When combined, these factors produce an extraordinary property capable of offering the kind of status projection and quality of life that people in this sector are after. The concept is not new as such, but a greater focus on the sensory element rather than just the home itself, has given rise to the term ‘experiential’, which is found across the luxury VILLÆ 15

“Spain’s sun-kissed Valencia region is seeing an uptake in sales. Buyers are finding high-quality properties in privileged locations at very competitive prices, which creates a growth in buyer’s interest, especially those from overseas who pay cash.”

José Ribes Bas of Rimontgó.

Quoted in Christie’s Luxury Defined white paper 2015.

Lisbon

Barcelona

market. As part of this wealthy homebuyers have been downscaling somewhat and focusing on more modern designs and especially interiors, often part of a process that has seen mansions in the suburbs lose out to city centre penthouses and more compact but state-of-the-art resort villas.

Within this we have seen the rise of the super luxury category, where the search for so-called trophy properties has indeed pushed London, New York and Cote d’Azure properties well beyond the $100 million mark. The top penthouse at the new Tour Odeon in Monaco is selling for $400 million!

This latter process has made new-build properties very popular, along with rebuilds, though distinguishing personalised touches such as Zen gardens and outdoor baths or home cinemas are important too. All these factors converge to produce the kind of extraordinary home that the top end of the market is searching for, and while the exact mix of ingredients may vary a little from a primary to a secondary market, many of the same ‘wow factor’ drivers apply today.

In such markets square metre prices of $60.000 to $100.000 are not unusual, and while Monaco represents a unique pinnacle in this respect thanks to the combined privilege of scarcity of land and tax-free status, the higher square metre prices are more commonly found in the world’s leading urban centres. Here are the main primary and secondary components of the luxury market:

A growing market Those who think the luxury property segment is a small niche market would be mistaken. With properties ranging into the hundreds of millions, it is a multi-billion market that is growing strongly both within the first world and in developing countries.

Top Urban Centres Led by London, New York and Paris, this exclusive market of penthouses in classical and new-build buildings in the best addresses also includes cities such as Tokyo, Hong Kong, Sydney, Miami, LA, San Francisco, Toronto and to a lesser extent Rome,

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Primary

28%

Jet Set Destinations Strong demand for the best summer & ski destinations

26%

Weekender Homes Classic weekend destinations retain their appeal

Luxury Real Estate Market Growth

19%

Lifestyle & Regional Resorts The best destinations are upgrading to UNHW status

16%

Metropolitan Centres Characterised by sharp growth in up-and-coming cities

9%

Global Economic Hubs After strong growth in 2012-2014 it slowed down in 2014-2015

3%

Prime Suburban Areas Once the mainstay, these areas have fallen somewhat out of favour

Madrid, Barcelona, Zurich and Berlin.

Regional Centres A similar phenomenon can be found in more regional centres such as Cape Town, Valencia and Perth, where lifestyle, business and value factors add to the attraction.

Suburban areas Not as popular as before, and therefore registering the slowest growth of all, this category still remains highly desirable among many, tempted as they are by the greenery, space and prestigious addresses of Greenwich, Connecticut and the posh county towns around London.

Secondary Jet Set Destinations The resort equivalent of the prime urban centres, the world’s wealthy come to play in rarefied locations such as Monaco, St Barth’s, Gstaad, Kitzbuhel and the Costa Smeralda.

Lifestyle Destinations Resort areas such as the Algarve, Costa Blanca, Costa del Sol and Florida have exclusive villas and penthouses that offer modern luxury and style combined with a resort lifestyle.

Weekenders Following a classic city-week, country-weekend tradition, the likes of Cornwall, the Hamptons and Atlantic coasts of France offer a traditional weekender experience often in the form of classic seaside villas.

The different rates of growth of the above categories reflect the current preference for main urban centres (often related to work) and jet set destinations (for lifestyle), over, especially, the suburban setting. These trends can shift but for the time being they shape demand, pricing and the focus of new development, making luxury real estate in the top locations not just a desired object in its own right, but increasingly also an asset class, which outperforms the stock markets and has become a popular source of investment that combines pleasure and financial return.

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PENTHOUSE LIVING LIFE AT THE TOP. Penthouse living brings together the very best of villa comfort, amenities and elegance with convenience, views and the chic city address of a luxurious apartment. Here are some of the finest examples...

If you want the space, privacy and opulent comfort of a villa but prefer a city centre location, easy maintenance and optimal security, then a penthouse is the ideal option. These ‘villas’ of the downtown areas have long been in favour among discerning homeowners the world over, exemplifying the urban refinement of places such as Manhattan, Paris and Hong Kong.

The typical penthouse is a luxurious rooftop apartment, often on two levels and in possession of a large panoramic terrace or roof garden with the best views in town. These can be of the Hudson River, Whitehall or the Eiffel Tower, set within the historic heart of Rome or looking out over a modern CBD from floor-to-ceiling windows.

Indeed, penthouses come in all shapes and sizes, boasting classical elegance and architecture or modern interiors and external styling.

Sleek, modern and endowed with the ultimate in luxury, refinement and amenities, such a home can offer everything a villa can – along with the ability to close the door behind you and step out into the world.

Here is a selection of some of the finest penthouses in Europe.

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PARIS Set within the leafy, exclusive area of Boulogne-Billancourt, this modern 250m2 penthouse is within a stroll of the elegant Roland Garros tennis club. The historic centre of Paris is also just minutes away, yet tucked away within the stylish modern interior of this 4th storey, top floor home you are immersed within peace and privacy. This personal domain includes a private lift, 80m2 terrace and beautiful open-plan living spaces including three bedroom suites and a staff studio. Modern Paris living at its best.

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ROME A classic jewel set within the magnificent historic heart of Rome, this 270m2 penthouse cannot be beaten for location – overlooking the Foro Romano and Coliseum from its uniquely privileged setting upon the Palatine Hill. Every room, from the various elegant salons and bedroom suites to the rooftop garden and terraces, drinks in the splendour of the location, combining it with classical elegance and comfort in an exclusive home that does its address proud.

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Charlottenburg

BERLIN An altogether more contemporary urban feel is offered by these stylish modern penthouses in Berlin. Clean, minimalist interiors allow natural light to flood in through the brise soleil that creates a sense of privacy whilst opening up a world of views across the city. See Berlin sparkle below you as you dine, lounge, entertain at the bar or linger in the opulent comfort of your beautiful marble bathroom. The very best Berlin has to offer.

This refined penthouse in elegant Charlottenburg proves that a tasteful blend of modern with traditional can bring together the best of both worlds to great effect. Set within one of the city’s top addresses, the home is located within a beautifully restored historic building of great architectural beauty, yet within the 257m2, five-bedroom penthouse is a shining example of contemporary sophistication and comfort close to Berlin’s best amenities.

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Belvedere

Schiller

Viena Hills

Schubertgasse

VIENNA One of Europe’s most delightful capital cities offers a mix of contemporary architecture and modern-classic styles. The Belvedere provides exquisite luxury penthouses in the heart of historic Vienna, with vistas that take in the entire city from private rooftop terraces. A truly regal address is Schiller, which combines contemporary luxury in a grand residence facing one of the city’s most beautiful parks.

Panoramic views, 21st century style at its best and a city address are combined at the Schubertgasse, while Zucker offers modern luxury in a refined residential district close to the country and city centre alike. Even more modern but equally embraced by greenery and views are these state-of-the-art penthouses with infinity edge plunge pools in the leafy Vienna Hills.

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ZÜRICH The Renaissance in Zürich represents the ultimate in contemporary luxury in Switzerland’s largest city. Sleek, minimalist and architecturally advanced, the penthouses offer modern comforts in a living environment that allows natural light and commanding views over the city to flow into the home. These properties are made for lovers of avant-garde styling and living.

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Plaza de la Reina

City of Arts and Sciences

VALENCIA Situated on the Plaza de la Reina, in Valencia, this beautifully restored penthouse is bathed in sunlight, with a private rooftop terrace that takes in the charm and architectural splendour of the city. Step out and you are surrounded by stylish eateries, shops and cafĂŠs; stay in and you enjoy peace and privacy within your own domain.

As ambient and stylish as its surroundings are futuristic, this 175m2 apartment with 80m2 of panoramic terraces looks out over the iconic architecture of Santiago Calatrava. Close to art, museums and beaches, the property extends over two floors to provide optimal space and privacy in the exciting City of Arts and Sciences district.

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Marbella

Estepona

MARBELLA The exclusive top floor homes found in this glamorous Mediterranean resort town prove that the penthouse lifestyle is not limited to large cities alone. Situated close to the centre of Marbella, and within a few steps from its beaches and trendy beach clubs, this penthouse offers resort amenities within a private oasis of manicured tropical gardens. Inside, the property offers the space, luxuries and style of the finest villa.

Follow the imposing coastal views further westwards and you encounter this sumptuous top floor home in the up-and-coming resort town of Estepona.

20 minutes away from its illustrious neighbour it is dubbed the next hotspot in the region, and with properties like this crisp, white Mediterranean penthouse with unequalled sea views, it is easy to sea why.

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Tiara di Cervo

Porto Cervo

PORTO CERVO This select resort on the north coast of Sardinia is similarly no stranger to the pleasures of penthouse living. At Tiara di Cervo you may not be surrounded by skyscrapers, but the idyllic views across the marina and bay more than make up for that. Indeed, this tasteful playground of the refined and sophisticated combines nature and Mediterranean bliss with fine dining and shopping to rival many a city.

Designed in the finest Sardinian style for which the Costa Smeralda has become famous, Piazza del Principe in Porto Cervo offers a rare sense of taste and balance. This boutique residence adds a further element through the provision of deluxe on-site services and amenities that take the resort concept of living to another level within one of the most beautiful resort areas in the world.

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Lake Lugano

Lake Maggiore

SWISS LAKES The choice between sea and lake can be a hard one, especially in the case of an exclusive penthouse with inspiring views across Lake Lugano. Overlooking the most beautiful sights imaginable, it plays upon the eyes whether you are entertaining on the pool deck, relaxing in the glamorously opulent living areas or soaking in the bath of this contemporary gem.

You would be hard-put to choose between this emerald body of water and the equally entrancing Lake Maggiore, where an exemplification of contemporary style and quality awaits. Inside is a private world of elegance and pleasing proportion, outside a panorama of mountain, sky and lake views that change with the light of the seasons.

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KITZBÜHEL A penthouse is not limited to city centres, nor to waterside resort areas, for this rooftop home leaving nothing to be desired in terms of comfort and amenities is located in the exclusive alpine resort town of Kitzbühel.

Made up of three independent apartment suites, it offers space, luxury and a compelling range of extras, including a gym, home cinema, indoor golf, children’s playground area and a private spa.

Whatever your lifestyle, property and architectural preference, the exclusive agents of EREN can offer a unique collection of the finest penthouses, both modern and classical, in the best locations across Europe and beyond…

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GRAMERCY PARK, NY Set in a prime location on 42 East 20th Street, this sumptuous penthouse exudes refinement personified. The made-to-measure home offers the very best in style and luxury within a peaceful, private domain of 415m2 with elegant tall ceilings and classic features. Dressed in the best finery, this is a property of distinction in a city where good taste and a top location are most highly sought-after.

Unsurprisingly, the five-bedroom penthouse is fitted with the most exclusive brands and leaves no luxury left to be desired – creating a stunning contemporary home within one of New York’s grand historic buildings. halstead.com

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TRIBECA, NY New York lofts are known more for their interior style and comfort, but while offering all of this in abundance, this Tribeca gem is also in the possession of a large private garden and terrace complete with cosy Jacuzzi. Modern and sophisticated, the well-located property provides the setting for peace and privacy in the midst of New York’s bustling life. halstead.com

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By Michel Cruz

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Limousines of the sky No queues, no crowds, no invasive security checks and no cramped spaces to share with potentially annoying passengers. Quite apart from the champagne, the nibbles and the plush leather seats, the advantages of private jet travel are many – and seductive.

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E

xecutive jet travel is not a new phenomenon, but it is taking the world by storm. No longer the preserve of corporate execs and government officials, the joys of this most convenient and elegant form of travel have well and truly been discovered by well-heeled private globetrotters the world over – ushering in a whole new era of jet travel expansion.

For years, the Learjet experience was largely restricted to the American millionaire, sorry, billionaire lifestyle, but now it is fast expanding across Europe, Russia, the Middle East, Asia, Latin America and even Africa, where today’s wealthy are getting in on the act very quickly.

The US is still the hub of private jet travel, accounting for 60 per cent of the market, followed by Europe with 25 per cent, but the growth in other regions is impressive. In fact, it is such, that the number one route in terms of hours flown is not in America, but between Moscow and Nice.

London, New York and Dubai are the other main hubs, but they will soon be joined by the likes of Sâo Paulo, Mumbai, Shanghai, Beijing and Singapore, to name but a few. Given this, you may be surprised to know that the fastest-growing route involves the classics New York and Nice Côte d’Azur, but cities such as Miami and Lagos are also putting themselves firmly on the map of travel.

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“These days more and more affluent travellers have access to private jet travel through shared usage systems that equate to a very select form of limousine service”

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More accessible than ever One of the contributors making this rapid growth possible, quite apart from the fact that the number of UHNWIs across the world is expanding almost as quickly, is the greater ease of access. No longer is it necessary to own or lease a private jet, or even to book it for short periods of time; these days more and more affluent travellers have access to private jet travel through shared usage systems that equate to a very select form of limousine service.

Indeed, with more and more routes achieving sufficient critical mass to run scheduled flights, the most exclusive form of air travel may soon be within reach of an even greater selection of discerning travellers, giving even the most luxurious airlines a run for their money. In time it will be possible to hop on and hop off at will, returning travel to the halcyon days of glamour and excitement before it all got so congested, cumbersome and complicated.

Global links The result is a growing ease of travel for the affluent that will bring their main destination points even closer together.

This applies to major cities like London, Paris, New York and Moscow, but also draws in so-called ski resort snowbelts in the Alps and Rockies, and coastal sunbelts along the Mediterranean such as the French Riviera, Costa Smeralda, Mallorca, Ibiza, the Costa Blanca and Marbella.

Jetting around the world between their major destinations and their various properties is fast becoming the preferred mode of transport for a fast-growing population of UHNWIs, and for air travel a new age is dawning.

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What makes architecture modern?

Various terms are used so frequently – and diversely – that their very meanings can become confusing and clouded. The ‘modern’ in Modern Architecture is a case in point.

By Michel Cruz VILLÆ 39

Dubai skyline

Dubai Marina

Zaha Hadid’s Galaxy design in Beijing VILLÆ 40

Many forms of design are grouped together as ‘modern architecture’, particularly these days, with the vanguardist movement in full swing once more, yet as we will all be referring to it for some time to come we thought we should attempt to clarify this word modern. For instance, what exactly can be considered to be a modern style, and how is it related to architectural schools such as Modernism or Futurism?

Modern has been around for a while

Casa Batlló, Barcelona, by Antoni Gaudi

The problem with anything ‘modern’ or even avant-garde is that it is by definition of a fleeting nature. What is modern today becomes contemporary and ultimately even ‘old’, or worse still, ‘old fashioned’. A truly outstanding example of any style can be considered to stand the test of time and become a classic, but what do you call something new once it has ceased to be new? It may still be magnificent and inspiring, but it is no longer new. You see the problem…

The fact is that though we tend to think of anything modern as the latest thing, or ideally forward-looking and futuristic, the whole concept of modern design has a rich history to look back upon. It’s hard to say exactly when people began to describe their latest styles in this way, but architectural theory traces the movement to its early origins at the beginning of the 20th century and the inspiration behind it to the enlightened worldview of the late 18th century. The latter’s quest for rationality and knowledge certainly spurred great advances in science, social thought and, ultimately, in design too, producing observations of the world around us out of which new movements – political as well as stylistic – were born.

In fact, the two are seldom divisible, even when you consider schools as far removed as Neo Romanticism or the Arts and Crafts Movement on the one hand and Machinism or Brutalism on the other. Diametrically opposed in their world vision, they alternately attempted to give shape to their utopian visions or harsh realism through the structures they designed and the societies they would have created through the planning of towns and cities. Where proto-modern movements such as Art Nouveau and Neo Romanticism rejected modernity and desired to return to an idealised vision of a gentler world, others embraced the advance of modern technology as both inevitable and desirable.

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The birthplace of the future Adherents included the likes of Frank Lloyd Wright, who made use of modern materials and building techniques to produce villas that were radically different from anything seen before. As an unapologetic advocate of modern industrial landscapes, Le Corbusier produced both enduring classics and the town planning concepts upon which our estates, projects and suburbs are based. Ironically, they have become ghettos – exactly what they were meant to replace.

Ludwig Mies van der Rohe built upon these concepts and the Bauhaus tradition of his native Germany to advance the clean, right-angled modernity of what had already become known as the International Style. The fact that the wave of designs created between the 1920s and the 1970s also featured varying interpretations of rounded styles is a recurring theme within modern architecture, for it could not have survived and developed for so long if it relied on rulers alone.

Chandigarh Legislative Assembly building, by Le Corbusier

Copan Building (Sao Paulo)

by Oscar Niemeyer.

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German Pavilion for the 1929 International Exposition in Barcelona, by Ludwig Mies Van Der Rohe

Retro Bauhaus pattern

Arthur Heurtley House, by Frank Lloyd Wright design Fagus Factory by Walter Gropius (Dessau).

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Walt Disney Concert Hall, LA, Frank Gehry

Millenium Park, Chicago, by Zaha Hadid VILLÆ 44

Heydar Aliyev Center, Baku

A new generation of ‘modern’ All good things must come to an end, and by the late seventies it seemed the world was ready to take a break from sleek, (often) whitewashed styles for a decade or two.

Postmodernism was never a favourite of the critics, but it did allow vanguardism a hiatus that marked its return all the more powerfully. We can safely say that modern architecture – as we tend to define the sleek, linear structures of our era – is very much back in vogue, though today more than ever featuring an interplay of glass, steel, whitewashed tones and all the new materials and construction techniques that modern technology makes possible.

The result has been a revolution in design complexity brought about by 3D computerised design tools. Even the greatest lover of simplicity uses such means to add drama through detail, and if you’re Frank Gehry or Zaha Hadid you positively allow buildings to ‘melt’ into the street amid a profusion of irregular patterns and architectural detail that eschews symmetry in favour of artistic expression and the making of a statement. This is where today’s modern architecture differs from that which shook the world almost a century ago.

Technology is the distinguishing factor for new structures that were called modern then and are described so again today.

The solution in the seeming confusion of a modern building from 1930 and one from 2015 clearly lies in the design philosophy and pioneering quest that shaped them both. This, and not any particular visual style, is ultimately what modern architectural is all about – so make sure yours is an enduring classic and not a future pastiche.

Galaxy SOHO complex, Beijing VILLÆ 45

PLUCKING THE HEARTSTRINGS Art, classic cars, fine wine and even rare coins form the focus of a wonderful world of sensory enjoyment that can also be an excellent investment. Beautifully crafted musical instruments have long belonged to this category, but a more recent addition to the highly collectible – and valuable – items of the world is the rock guitar.

By Michel Cruz

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N

ot all that long ago it was the craftsmanship and historic interest of rare instruments that gave them their value, allowing the very finest of lutes, harpsichords, organs and harps to escape the world of antiques and make it into the big time. Some even joined the aristocracy of musical instruments – exquisite Stradivarius violins and noble pianos by the likes of Bosendorfer, Bechstein and Steinway & Sons – and achieved stratospheric sums at auction, like the 250 year-old violin bought by a Russian lawyer for $3.9 million in 2007. Made by Bartolomeo Guarnieri, the grandson of Stradivari, the work of art represents the sublime heights to which man’s talent can rise.

The guitar, on the other hand, is a relative newcomer to the scene, but don’t be fooled, this ‘modern’ work of art is set to trump the Stradivarius sometime soon, having already racked up a staggering $2.7 million in auction in 2005. The instrument in question was a ‘Reach out to Asia’ Fender Stratocaster sold in Qatar to raise funds for the victims of the tsunami. Moreover, it didn’t achieve this sum because it used to be the trusted guitar of Jimmy Hendrix, Bob Marley or Stevie Ray Vaughan, but because it was signed especially for the event by a rather impressive list of guitar gods, including live ones such as Eric Clapton, Brian May, Mark Knopfler and Ronnie Wood.

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And in this lies the magic ingredient from which such items derive their ultimate fame and value: celebrity. It might sound a little trivial put that way, but having the guitar of Elvis Presley or George Benson hanging on your wall is more like owning Mozart’s piano than collecting mere celebrity memorabilia. After all, the provenance of a classic car or work of art also adds greatly to its value, so a classic Fender that accompanied Joe Satriani to his concerts is a little like a Jaguar that was driven in competition by Fangio or a Renoir that once graced the walls of Coco Chanel’s home.

At the end of the day the story behind the desired object is as important as the object itself, or in many cases even more so.

In this sense we have always been attracted to celebrity and fame, notoriety even, and such linkages give immense added value to collectibles of all kinds. As a product of pop culture, the rock guitar is a particularly contemporary addition to the long list of highly desirable pieces that are cherished in private or public collections, and become a great store of wealth.

In much the same way as comic classics have been added to the genre of first edition novels, the electric guitar is the new Stradivarius, and while the Fender Stratocaster is the RollsRoyce of its class, and the Gibson Les Paul the Cadillac, these beautiful instruments derive their added value above all from who played them. In such cases they can surge from ‘mere’

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tens of thousands of dollars to hundreds of thousands or even millions. And there is no need to limit yourself to the plugged in version, for a classical Spanish guitar played by flamenco icon Paco de Lucía could give all but the rarest rock guitars a run for their money.

When collecting guitars there are two ways to go: follow your heart and keep your feet on the ground – building up a large collection of reasonably priced instruments for sheer enjoyment – or go for the kill and make sure you have quality over quantity as you acquire signature pieces that will continue to gain in value. The choice is entirely yours, but for many people few collectibles offer as much fun and investment potential combined.

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By Michel Cruz

Making it big $ The allure of making it big remains a part of the American Dream that drives people the world over. Given this obsession, it’s not surprising that rags to riches stories provide the inspiration the ambitious relish.

T

he idea of rising to fame and fortune from humble beginnings has been with us since the dawn of society, yet in the modern era it has become personified by the American Dream – the idea that you can make it big if you are talented, hardworking, lucky and/or ruthless enough. The original concept focused on happiness and fulfilment as well as prosperity, but in our times it is above all associated with financial status.

The ‘land of the free’ offered not just abundant opportunity, but also the social mobility to exploit it in what was really the first classless society in the world. Of course no such thing really exists, but the fact that America gave the humble man a chance to become great released an energy and creativity that helped to make it a global power and supersede older, more closed societies.

Seen from this perspective there is a direct link between opportunity, entrepreneurship and economic development.

The more open an economy is the more it will reward innovation and produce a dynamic environment. This was certainly true of the America of the 19th and early 20th century, when the likes of Rockefeller, Cornelius Vanderbilt, Andrew Carnegie and Howard Hughes made their fortunes in oil, railroads, steel and engineering respectively.

They may not all have been rags to riches stories – Vanderbilt descended from an old wealthy New York family and Hughes inherited well – but what these gentlemen had in common

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was an uncanny ability to turn a nickel into a nugget.

Carnegie and Rockefeller are more classic examples, having indeed been born poor before building empires from the ground up.

Not what you do but how you do it Most people believe that you have to be the first to think of something if you want to make it big, but often it doesn’t pay to be a true pioneer as many are either too far ahead of their time or never see their creative genius rewarded with success.

Indeed, while much of Andrew Carnegie’s success can be traced to his perfection of the Bessemer steelmaking process – a classic example of a productivity-enhancing invention – it is his ability to commercially exploit his technical skills that really made the difference.

Like other business tycoons, Carnegie had the gift of seeing the commercial playing ground laid out like a battle plan before him, giving him the sense of direction and timing that are essential for success. Perhaps Carnegie’s greatest invention was the vertical integration of his raw material supply chain; by acquiring these sources vital to his business he greatly reduced his vulnerability to outside factors and was in a strong position to control price and supply.

Commercial acumen and an eye for detail and opportunity are key skills required of a would-be tycoon, as are a hunger for success and steely determination, while at least a certain degree of ruthlessness can also rarely be avoided. Rockefeller was very honest about this, referencing social Darwinism in his often-quoted pearl of wisdom: “The growth of a large business is merely a survival of the fittest.”

Opportunity then and now The classic business tycoons of the so-called ‘Second Industrial Revolution’ were most famously poster boys for the American Dream, but one of the earliest deviations from this mean was a certain Greek shipping magnate called Aristotle Onassis. However, the deviation was only obliquely digressive, because although he was originally a poor emigrant from Smyrna via Greece to Argentina, Onassis would eventually build up his shipping empire from a New York base.

If permitted to be a little melodramatic, one could assert that with Onassis went the last of the truly colourful business tycoons from the golden age of rags to riches. In a modern era controlled by large corporate entities and poorer reserves

in unexplored opportunities it would be far more difficult for new business magnates to emerge out of entrepreneurship.

But then economic history took a new turn and presented new possibilities. By the 1970s the increasing importance of electronics and computer technology began to open up a new frontier in what could be considered to be the ‘third industrial revolution’.

A new frontier calls for pioneers, and they came in the form of computer innovators such as Bill Gates and Steve Jobs. Yes, there have been many notable exceptions to the technology tycoons, including real estate magnate Donald Trump, investment guru Warren Buffett and media mogul Rupert Murdoch. Richard Branson adds a colourful figure to the genre, but it is above all the .com generation that has taken

the world by storm and continues to do so with the likes of Mark Zuckerberg and Elon Musk.

The latter is known for his ambitious endeavours with SpaceX and Tesla Motors, but he first made serious money with PayPal. A clear entrepreneur in the innovator bracket, Musk maybe knows more than the rest of us as he moves from electronics to new technologies such as solar energy, electric vehicles, space travel and advanced transport systems – all of which seem to point towards continued opportunities in technology based fields. However, there will always be space for true entrepreneurs too, and as rags to riches billionaire author J.K. Rowling has proved, even the more romantically inclined can make it to the Forbes list of billionaires.

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Dominator shaped by the sea itself The super yachts in evidence today at the world’s finest marinas are sometimes called ‘floating palaces’. Using advanced technology, cutting edge design and old-fashioned master craftsmanship, Dominator produces yachts that are as comfortable, stable and luxurious as any mansion.

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By Michel Cruz VILLÆ 53

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A

lthough luxurious yachts are not a new phenomenon, they are very much a contemporary expression of success, opulence and design, to the point where nautical design – once influenced by home décor – is now inspiring the interiors of many of the most imposing villas and mansions.

And it is here that the link between land-based architecture and the styling of today’s super yachts is made.

But there are significant differences too, for where yachts surge ahead is in their use of advanced technologies, designs that optimise space and luxury from within a more challenging environment, and the bespoke workmanship that goes into building a vessel of this kind. Sumptuous leather, beautifully worked wood, crystal and brushed steel are all to be expected aboard, along with high definition screens that slide out from consoles and stylish minimalist kitchens.

By Michel Cruz VILLÆ 55

www.dominatoryachts.com

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“New techniques have made super yachts as comfortable as a villa, as well as opening up a whole new world of design possibilities”

A new kind of architecture Ships have long been a source of inspiration for architects, most famously visible in the chrome railings of Le Corbusier’s Machinist creations, yet today the cross-references have moved into a new era. Yachts designed in and for the 21st century are marked by luxury, yes, but one in which opulence and craftsmanship are built upon the foundations of technology. New techniques have made super yachts as comfortable as a villa, as well as opening up a whole new world of design possibilities.

At the heart of all this is R&D, and it is this marriage of technology, style and craftsmanship that sets the very best apart. The ships that are launched at the specialist yard of Dominator on the Italian Adriatic coastline form a synthesis of these elements, whose harmonious balance takes luxury yachting to another level. Their latest creation, the Ilumen 26M, combines the highest standards of made-to-measure luxury with designs based upon a thorough understanding of physics.

The team led by Andrea Agrusta, Head of Hydrodynamics and Engineering, spent over ten thousand hours researching hydrodynamic movement in detail and designing advanced engineering solutions. The result is the Dominator HPH – High Performance Hull – a resilient hard-chine hull with a blade bulbous bow designed to provide superior resistance values in the semi-displacement and semi-planing phases. The unequalled performance, safety and on-board comfort produced by this new technology was confirmed in tank simulations using Computational Fluid Dynamics.

“The construction technology that has produced the Dominator Ilumen 26M, from the construction of the composite shell to the complex painting process selected and the type and quality of the equipment installed, sets an entirely new standard in the design and building of mega yachts,” says Andrea Agrusta, who insists that the powerful yet sleek modern styling was not designed by him but shaped by the water itself.

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Shortly before sunset at Sanlúcar de Barrameda. On the opposite river bank the famed Doñana National Park is located

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BEACH HORSE RACES

Known as the Carreras de caballos de Sanlúcar, the horse races held on the long sandy beach near the Bay of Cádiz are not only unique, they are the oldest of their kind in Spain. Here, crowds gather to witness a truly singular event that sees jockeys replace green grass for sand, the horses’ hooves splashing as they cut a straight line through the wash. The backdrop of water etched with colouring skies and boats bobbing in the bay adds a further element of romance to one of the most unique horse races in the world.

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The famous horse races of SanlĂşcar de Barrameda take place every year during August along a 1.800m stretch of beach at the mouth of the River Guadalquivir

This unique horse race forms part of a tradition dating back to 1845

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The sun sets on the Carrera de Sanlúcar

The Sanlúcar de Barrameda horse race shortly before sunset

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Detail during the famous horse race in Cádiz province, Andalucía

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Famous for his dramatic landscapes and wildlife photography, Thomas Dressler came closer to home with this feature, capturing the essence and ambience of one of the most unique horse races in the world.

German born, this photographer who has been published in National Geographic scours the remaining wildernesses of the world yet recorded this event within a two-hour ride of his Marbella home.

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Sunset at the famous horse races of Sanlúcar de Barrameda

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By Michel Cruz. Photos McLaren Automotive

The wonderful creations of Frank Stephenson Frank Stephenson is the master of successful retro design; perhaps the greatest automotive designer of our era, he succeeded in taking an apparently inimitable classic and improving upon it.

T

he Mini is an icon of Britain, the living embodiment of the Swinging Sixties, just as the Fiat 500 is as Italian as Dolce Vita, and forever a reminder of that sweet era and the post-war resurgence of Italy. Both have become part of the modern cultural heritage of their respective countries, and much loved for it. The little Mini made its designer, Sir Alec Issigonis, join the pantheon of great designers, for a car with an almost unprecedented production run of nearly 5.4 million from 1959 to 2000.

The same can be said of the Fiat ‘Cinquecento’, though its designer, Dante Giacosa, didn’t quite achieve the same level of personal fame. This little gem sold over four million units between 1957 and 1975.

With the approach of a new millennium, however, it seemed clear that even the Mini had got through its seven lives and when word got out that the brand’s new owners, BMW, were working on a new model it was universally agreed that no ‘new Mini’ could truly replace the original.

The master’s eye Step in Frank Stephenson, the master of his generation of automotive designers and a man with a unique ability to mould retro-based designs within a fresh, modern frame without losing the identity and charm of the original. He sculpted a new model that was a modern classic, which interpreted the spirit of a 1960s original and revived its sense of fun and style in a chic modern form.

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Britain had a new motoring icon, but in spite of his Englishsounding name the creative force behind it isn’t British at all. Born in Casablanca to a Norwegian father and a Spanish mother, Stephenson grew up in Istanbul, Málaga and Madrid before studying design in California.

Having started at Ford USA and rising through the ranks to Senior Designer at BMW, he was put in charge of the company’s new Mini project. The resounding success of the new incarnation, which has sold over three million since 2001, sealed Frank Stephenson’s reputation, before he moved on to the Ferrari-Maserati design centre in Italy. Here he penned such super car gems as the Maserati MC12 and the Ferrari F430 before he was appointed head of styling for Fiat, where he led the development of another classic revival – the Fiat 500.

Creating modern classics Working on the project with Roberto Giolito, he again succeeded in creating a model that does justice to the spirit of its predecessor whilst being a modern and more attractive reinterpretation. After a short stint at Alfa Romeo Stephenson was rewarded with the chief design job at niche super car manufacturer McLaren. There he oversaw the creation of the MP4-12C and the P1, looking to nature for inspiration to “… find the principles in nature that makes products do what they look like they do.”

Such is the intuition of a master craftsman of our time.

Europe’s Finest Real Estate

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Luxury country estate in unique location. Kitzbühel, AUSTRIA 6 bedrs, 6 bathrs, indoor pool, gym, guest house; land 1.500m², house: 600m² Price provided upon request. Ref. GM20 VILLÆ 70

Property section. Austria

Country house in Kitzbühel / Reith, AUSTRIA 3 bedrs. 3 baths; house: 238m², land: 663m² Price: 3,400.000€. Ref. GM190

New villa next to the skiing area of Ellmau / Tyrol, AUSTRIA 3 bedrs. 3 baths; house: 170m², land: 977m² Price: 2,900.000€. Ref. GM176

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Hotel Particulier Paris 17th. Paris 17th arrondissement, FRANCE. 8 bedrs. 8 bathrs. House: 610 m², land: 1 400 m².

Price upon request. Ref: 796247 VILLÆ 72

Property section. France

Apartment Champ-de-Mars. Paris 7th arrondissement, FRANCE 2 bedrs, 2 bathrs. Apartment: 115 m².

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Pied-à-terre Champs Elysées. Paris 8th arrondissement, FRANCE 1 bedroom, 1 bathroom. Apartment: 70 m².

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Price upon request. Ref: 743769

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High Park - Potsdamer Platz, Berlin, GERMANY 1 to 4 bedrs, 1 to 3 bathrs. Apartment: 59 m2 to 270,20 m2 Price: € 356.300 - € 3.870.200. Ref. BCI-6766

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Property section. Germany

Fehrbelliner Straße: Modern apartment.

Berlin-Mitte, GERMANY 2 bedrs, 2 bathrs. Apartment: 100,91 m2 Price: € 599.500. Ref. BCI-7069

Art Loft: Riverside Design Art Loft.

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High Park: Large and spacious 4-room apartment.

Berlin, Potsdamer Platz, GERMANY 3 bedrs, 2 bathrs. Apartment: 123,2 m² Price: € 1.229.400. Ref: 6706

Pariser Strasse: Historic attic apartment.

Berlin-Charlottenburg, GERMANY 3 bedrs. 3 bathrs. Apartment: 223 m2.

Price: € 2.363.800. Ref: 7100

Zabel Property AG +49 (0) 30 88 66 00 0 request@zabel.com www.zabel.com VILLÆ 75

Magnificent villa on the sea. Costa Smeralda, Porto Cervo, Sardinia, ITALY Stunning property, impressive views over Cala di Volpe Bay, beach access, exclusive neighborhood of La Celvia.

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Property section. Italy

Charming panoramic villa. Pevero Golf, Costa Smeralda, Sardinia, ITALY Splendid panoramic setting in Pevero Golf, breathtaking views from Romazzino to Porto Rotondo. Outdoor lounge areas, terraces, pool, double living room, 6 rooms, 6 bathrs, garden, pool.

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Unique waterfront in Porto Rotondo. Costa Smeralda, Sardinia, ITALY. Enchanting seafront estate, 1 hectare premium location. Private mooring.

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Idyllic property in Porto Rafael. Costa Smeralda, Sardinia, ITALY. Elegant and fully modernized villa. Magnificent sea view, al fresco dining spaces, swimming pool, pristine garden, Italian interior design, 4 bedrs, 4 bathrs, few minutes from Piazzetta and Marina.

Price provided upon request.

Unique lakefront estate. Ispra, Lake Maggiore, ITALY. Spectacular multi-dwelling estate. 4 buildings bordering the lake, 15.000 m2 historic private park, private mooring and pool project approved, 28 km. from Milan Malpensa Airport, 60 km. from Lugano.

Price provided upon request.

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VILLÆ 77

Exclusive Villa in the Parioli District. Rome, ITALY Formal rooms; 6 bedrs; 6 bathrs; Indoor Swimming Pool with Jacuzzi, a Sauna and a Termarium; House: 970 m2; Park: 1,500 m2 Price provided upon request. Ref. LC192

Wonderful Villa on the Aventine Hill. Rome, ITALY Formal rooms; Fantastic Location; House: 600 m2; Park: 1,550 m2 Terraces: 26 m2; Independent Building: 50 m2 Price provided upon request. Ref. LC196

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Property section. Italy

Beautiful Property in Capranica, Viterbo, ITALY Main Villa divided into three apartments with an outdoor swimming pool.

7 bedrooms; 6 bathrooms; Independent Building House: 250 m2; Land: 1.5 ha Price provided upon request. Ref. LC300

Luxury Apartment near Piazza Navona. Rome, ITALY Historical Building, Formal room, Luxury Refined 2 bedrs, 2 bathrs. House: 115 m2 Price provided upon request. Ref. LC31

Apartment with view on Piazza di Spagna. Rome, ITALY 5 windows on Piazza di Spagna and the Spanish Steps Formal Rooms; 3 bedrs; 3 bathrs House: 210 m2; Terrace: 13 m2 Price provided upon request. Ref. LC178

Apartment in Piazza Navona. Rome, ITALY Formal room; 3 bedrs; 2 bathrs; House: 190 m2 Price provided upon request. Ref. LC303

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VILLÆ 79

Contemporary architecture by renowned architect Siza Vieira. Large terrace and stunning views situated in the heart of historical Lisbon, Chiado, PORTUGAL 3 bedrs, 3 bathrs, 260 sqm Price: ₏ 2.200.000. Ref: APT4751 VILLÆ 80

Property section. Portugal

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Exclusive villa designed by renowned interior designer Lucien Donnat.

Located in the prestigious private condominium Quinta do Patino in Estoril, PORTUGAL 4 bedrs, 5 bathrs, 589 sqm, 2.250 sqm of land Price: € 4.800.000. Ref: MOR4750

Traditional, lovely house situated in Cascais with adjacent guest house, swimming pool and private chapel, Cascais, PORTUGAL 5 bedrs, 5 bathrs, 508 sqm, 1.848 sqm of land Price: € 1.200.000. Ref: MOR4560

Exceptional modern villa in Guincho Beach with a 360 panorama of the sea and lush green environment in Cascais, PORTUGAL 3 bedrs, 4 bathrs, house 758 sqm, 2.270 sqm of land Price: € 2.000.000. Ref: MOR5945

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Cascada de Camojรกn, Marbella Golden Mile, Marbella, SPAIN 6 bedrs, 6 bathrs, 2,151 m2 Built 4,742 m2 Plot Price on Application. Ref: DM3755

Marbella Club Golf Resort, Benahavis, SPAIN 7 bedrs, 7 bathrs. 883 m2 Built. 4,746 m2 Plot Price on Application. Ref: DM3784

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Property section. Spain

Sierra Blanca, Marbella Golden Mile, Marbella, SPAIN 5 bedrs, 5 bathrs, 561 m2 Built 1,546 m2 Plot Price: 3.650.000€. Ref: DM3730

Cascada de Camoján, Marbella Golden Mile, Marbella, SPAIN 5 bedrs, 5 bathrs. 602 m2 Built. 1,794 m2 Plot Price:2.950.000€. Ref: DM3701

Los Naranjos Golf, Marbella, SPAIN 6 bedrs, 6 bathrs. 562 m2 Interior. 1,112 m2 Terrace Price: 2.675.000€. Ref: DM3783

Aloha, Marbella, SPAIN 5 bedrs, 5 bathrs. 658m2 Built. 1,190 m2 Plot Price: 1.995.000€. Ref: DM3722

Diana Morales Properties +34 952 76 51 38 enquiries@dmproperties.com www.dmproperties.com

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Avinguda Tibidabo Unique property with the best views over Barcelona Barcelona, Catalonia, SPAIN. Located in one of the most elite neighborhoods, with spectacular sea views. Modernist elements can be found throughout the house, starting with the grand entrance with its characteristic Modernist “Trencadís” and large arches. The interior boasts even more stand out modernist details, a style characterized by the imitation of nature in its appearance and motion. The house enjoys stunning ceilings, large doors and stained glass windows that give an incredible light in all rooms.

6 bedrs, 8 bathrs, house: 1.150 m2, land: 1.519 m2 Price: 11.000.000€. Ref.: 17241

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Property section. Spain

Rosselló 257. Barcelona, Catalonia, SPAIN 3 beds; 2 baths. Flat: 151 m2 Price: 1.550.000 €. Ref.: 20182

Ametllers. Barcelona, Catalonia, SPAIN 6 beds, 5 baths. House 724 m2; land: 707 m2 Price: 3.900.000 €. Ref.: 19602

Amat Luxury (+34) 934 529 960 guifre.homedes@amatimmo.cat www.amatluxury.com

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Refined luxury in Jávea, Costa Blanca Spectacular sea views and privacy Jávea, Costa Blanca, SPAIN. This magnificent villa is located just a few minutes from some of the Costa Blanca’s most beautiful, secluded beaches in the Portichol area in Jávea, Alicante.

Built in year 2000 with high-quality materials and luxurious finishing touches, this property boasts some fantastic features such as a mature garden, swimming pool, fitness suite with a sauna, lift and wine cellar, amongst many others.

6 bedrs, 6 baths, house: 959 m2, land: 1.981 m2 Price: 3.500.000€. Ref: RMG4843

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Property section. Spain

Rimontgó +34 965 791 035 rimontgo@rimontgo.es www.rimontgo.com

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Breathtaking luxury, with the lake right at your feet, Villa, Kilchberg. SWITZERLAND 8.5 rooms. Living area: 492 m2, plot: 1,786 m2 Price provided upon request. Ref: LA L03.601

Villa with over 40m long direct lake access, Zollikon, SWITZERLAND 14 rooms. Living area: 620 m2 , plot: 2,071 m2 Price provided upon request. Ref: MW L02.440

Modern Atrium Villa featuring liberating architecture, Küsnacht, SWITZERLAND 14 rooms. Living area: 706 m2, plot: 1’540 m2 Price provided upon request. Ref: MW L02.592

Wild Bär Heule-Villa, Zürich. SWITZERLAND 91⁄2 rooms, of which 8 separate rooms. Living area: ca. 510 m2, ancillary rooms ca. 210 m2, plot: 1’326m2 Price provided upon request. Ref: LA L03.796

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Property section. Switzerland

Villa, Herrliberg, SWITZERLAND 9 rooms. Living area: 400 m2, plot: 3,184 m2 Price provided upon request. Ref: SK L03.037

Townhouse, Küsnacht, SWITZERLAND 9.5 rooms. Living area: 442 m2, plot: 399 m2 Price: CHF 6’850’000. Ref: FJB L03.531

Wonderful property with views right into the heart of the Alps in Brunnen, SWITZERLAND Living space: potential living area of 1,800 m2 to 1,900 m2 plot: 4,129 m2 building land, 20,439 m2 park and forest Price provided upon request. Ref: LA L04.329

“Haus am Rank”: an early modernist statement on the Zürichberg.

Zürich, SWITZERLAND 11.5 rooms. Living space: 591 m2, secondary areas: 130 m2, plot: 1’831 m2 Price provided upon request. Ref: MW L02.176

Walde & Partner Immobilien AG +41 44 396 60 66 eren@walde.ch www.walde.ch

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Villa Wellingtonia, one of Ticino’s great estates. Figino, Lake Lugano, SWITZERLAND 9 Bedrs, 9 Bathrs, House: 1065 m2, Land 2685 m2 Price: CHF 27’000’000. Ref. 88306 VILLÆ 90

Property section. Switzerland

Chesa Cherina: Alpine Gemstone, Suvretta, St.Moritz, Engadine, SWITZERLAND 10 bedrs, 13 bathrs, House: 1331 m2, Land 3688 m2 Price provided upon request. Ref. 1317

Health, fitness and fine dining in one of Ticino’s largest apartments Collina d’Oro. Agra, Lake Lugano, SWITZERLAND Living area: 730 m2, terrace 88 m2 Price: CHF 15’200’000. Ref: 88231

Simply gorgeous with fabulous lake views Brissago, Lake Maggiore, Ticino, SWITZERLAND 3 bedrs, 3 bathrs, House: 400 m2, land: 1101 m2 Price: CHF 4’950’000. Ref: 88321

Fantastic penthouse in superb location Minusio, Lake Maggiore, SWITZERLAND 2 Bedrs, 2 Bathrs, Living area: 185 m2 , Terrace: 179 m2 Price: CHF 3’850’000. Ref: 88311

Wetag Consulting +41 (0) 91 751 3106 info@wetag.ch www.wetag.ch

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www.europeanrealestate.org

successful international cooperation “The reward for work well done is the opportunity to do more,” Dr. J.E. Salk EREN professional websites promoting luxury real estate in five languages perform even better, year after year, and consolidate a dominant position within the international market.

The philosophy behind the founding of EREN was to create an organisation that brought together the leading luxury real estate agents in Europe, so that we could work together, exchange knowledge and ideas, and encourage one another to achieve new heights of success as measured in terms of service, professionalism, marketing strength and business results.

As the organisation matured and settled into its role it has begun to show its benefits in all these respects, with communication, trust and shared values at the heart of an increase in business interaction between our various offices, be they in Milan, Vienna or London. We are independent companies, but we work closely together and have created highly streamlined and efficient ways of exchanging information between ourselves and dealing with international enquiries in a way that is increasingly bringing buyers and sellers from highly diverse geographical locations together to conclude a mutually beneficial property transaction.

Some examples that are a direct result of this trend are displayed in the coming pages. We hope you will enjoy this issue’s captivating stories.

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Zabel Property AG was contacted by its EREN affiliate in Zurich, Walde & Partner, to help their Swiss based client sell his historic apartment in Berlin.

”The apartment had been carefully and enthusiastically refurbished and renovated back to its former glory.”

The client had used the lovely apartment as his second home in Berlin. Its ideal central location in Berlin Charlottenburg-Wilmersdorf and close proximity to the famous Kurfürstendamm, is only one of the many highlights of this gem. The apartment had been carefully and enthusiastically refurbished and renovated back to its former glory. The owner paid great attention to all historic details such as rich moldings, the finest wallpaper, and traditional bathroom and kitchen fittings with up-to-date appliances.

Immediately after the initial request, Zabel got in touch with the client to arrange a meeting. Only two days later the spokeof meeting was arranged and Zabel agreed to market the property. Within less than a week, a professional photo shoot was taken, all the sales material had been produced, and the sales process had started.

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Kitzbühel

Kitzbühel

As the international professional network of EREN members expands, so does the efficiency and reach of its online marketing platforms. Using the latest technologies in the service of the most up to date marketing strategies, EREN has been able to attain a search ranking presence that is equalled by few in the highly competitive field of international luxury real estate.

It is the efficiency, accuracy and convenience this creates for our real estate agency members and their clients – both homeowners and buyers – that is the basis for the success and growth of our organisation, delivering the kind of results that the European Real Estate Network always envisaged to do. In practice, this ensures rapid and efficient international cooperation between agents that equates to a firstclass service for our clients and makes cross-country and even cross-continent transactions as easy as a domestic purchase. Here are two recent examples: No sooner had Gornik Real Estate of Kitzbühel joined EREN than Marschall Immobilien of Vienna

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Asolo

introduced three new luxury listings and a buyer to them. Working together, the two companies found the German client a luxurious apartment in Austria, while currently collaborating on the sale of two charmingly stylish chalets and two opulent villas.

Marschall Immobilien was in particularly good form, for it also introduced fellow EREN member Marco Argentieri to a client from Vienna recently. He went on to buy a stylish apartment in the scenic town of Asolo. Known as the ´Pearl of the Province of Treviso’, this picturesque mountain village has also earned the name ‘Town of a Thousand Horizons’ for its stunning country vistas.

It takes local knowledge and market expertise to find someone the right property in an ideal setting like this, and it takes international connections and reach to attract a truly global clientele. In EREN the two come together within a highly efficient client relation management system that is producing more results and examples of cross-member cooperation of this kind all the time.

”Coast to coast, Edinburgh to Venice, one stop in Valencia.”

Mr Charles L., resident in Aberdeen, Scotland, was looking for an apartment in Venice, as a second home for his family.

Mr Charles was quite clear about the type of property he was looking for when he contacted Rimontgó: a small apartment of one or two bedrooms with a terrace or exterior area where he can enjoy pleasant soirees, located in the district of Cannaregio, and, if possible, with nice views. His initial budget was €300,000 - €350,000, but Mr Charles was open to spend a higher amount on an apartment if he really liked it.

Mikel Ribes was in charge of looking after and guiding Mr Charles during his search. Mikel, a young engineering student, was doing his first internship, whilst studying for his university degree, and what better company to make his first contact with the business world than learning first-hand from his father José Ribes, at Rimontgó.

Mikel immediately contacted our associate in the region of Veneto in Italy, Cofim Immobiliare, where Marco Argentieri and his colleagues were responsible for searching for and offering Mr Charles and his family some apartments that could be of interest to him, organising viewings and acting as a consultant throughout the whole process with the client up until the signing of the deeds and closing of the property (i.e. the handover of the keys).

It was clear that Mr Charles had a clear idea of what he wanted and that together Rimontgó and Cofim Immobiliare, both members of EREN, offered him the exquisite service that distinguishes them, in the way in which the purchase was made in such a short space of time.

Mr Charles contacted Rimontgó at the end of March 2015 and after visiting the different property proposals that our colleagues of the region presented him, in the middle of May we had already found his ideal apartment in Cannaregio, and Mr Charles and his family made the decision of buying it. The deeds were signed on the 30th September. Mr Charles and his family, finally invested €420,000 purchasing their apartment.

Venice

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MEMBERS OF EREN 2016

AUSTRIA MARSCHALL IMMOBILIEN. Vienna A modern, dynamic company that combines its technical know-how and knowledge of the local property market with a customerorientated service. Providing a key brokerage and surveying service to private buyers and investors, embassies, trusts and foundations, the firm offers a portfolio of upmarket residential properties, commercial real estate and industrial premises.

Währinger Straße 2-4 1090 Wien – Austria Tel: +43 – 1 – 533 20 30 Fax : +43 – 1- 533 20 30 30 office@marschall.at • www.marschall.at

GORNIK IMMOBILIEN. Kitzbühel For more than 20 years a well established real estate agency primary specializing in premium properties in Kitzbühel. The clients trust our professional and reliable consultation as well as our absolute discretion. The company also offers legal advice and after sale services with local authorities, craftsmen and property management.

Aschbachfeld 5 A-6370 Kitzbühel - Austria Tel.: +43 5356 72160 Fax: +43 5356 62032 office@immobilien-kitz.com www.immobilien-kitz.com

FRANCE BELLES DEMEURES DE FRANCE. Paris Located at the heart of Paris’s most prestigious neighborhood, Belles demeures de France is the meeting point for the finest real estate and the most demanding international customers.

Belles demeures de France, in partnership with Daniel Féau, accounts for over 30% of the market over 1.5 million euros in the best districts of Paris.

30 avenue Pierre 1er de Serbie 75008 Paris - France Tel: + 33 (0)1 53 23 81 82 Fax: + 33 (0)1 53 23 81 89 bellesdemeuresdefrance@bdfrance.fr www.paris-fineresidences.com

GERMANY ZABEL PROPERTY AG. Berlin A leading property firm in the heart of the German capital, Zabel Property AG services clients from all corners of the globe in the selling and buying of high-end residential projects exclusively in central Berlin. Zabel Property AG is a reputed property consultancy for developers, and is deeply involved in the project planning, individual marketing and sales strategies of its development projects.

Unter den Linden 14 10117 Berlin, Germany +49 (0) 30 88 66 00 0 info@zabel.com www.zabel.com VILLÆ 96

ITALY

SPAIN

SWITZERLAND

LA COMMERCIALE. Rome This property specialist for Rome and the surrounding province of Lazio is a leading brokerage, accredited by the Chamber of Commerce to operate with the Real Estate Stock Exchange of Rome, and entrusted with the sale of luxury city properties, large historical country estates and commercial real estate.

AMAT LUXURY. Barcelona Ambassadors of the Mediterranean Way of Life as we offer a selection of properties characterized by Mediterranean culture, Amat Luxury is focused on luxury properties in Barcelona and primarily residential areas.

We are a family business with over 70 years in the Catalan real estate market which supports our experience, professionalism and excellence in customer care.

CGi IMMOBILIER, Geneva.

With almost sixty years’ experience and boasting around seventy-five employees, CGi offers a wide range of property services, with a down-to-earth approach ensuring a contact tailored to clients’ needs.

With offices in Geneva and Lausanne, CGi covers all the Lake Geneva area and neighbouring Swiss Alps.

Lungotevere dei Mellini 44.

00193 Rome - Italy Tel: +39 06 3200613.

Fax: +39 06 3218100 lacommerciale@lacommerciale.org www.lacommerciale.org

IMMOBILSARDA. Sardinia - Porto Cervo.

Leading high-end real estate specialist in Sardinia – Costa Smeralda for over 35 years. Providing brokerage and surveying services as well as project management and valuations. Immobilsarda guarantees an invaluable local knowledge and an extensive portfolio of high quality properties for sale and rent, seafront villas and estates, luxury golf resort projects, championing sustainable developments.

Via Nazionale 28.

07028 Santa Teresa di Gallura - Italy Tel: +39-0789-754500 Fax: +39-0789-754371 Piazzetta degli Archi, 2 07020 Porto Cervo - (OT) - Italy Tel. +39-0789-909000 Fax. + 39-0789-909022 Piazza Quadra 7 07026 - Porto Rotondo (OT) - Italy Tel. +39.0789.381024 Piazzetta Mare 07020 Porto Rafael – (OT) - Italy Tel. +39.0789.700381 immobilsarda@immobilsarda.com www.immobilsarda.com

PORTUGAL QUINTELA & PENALVA. Lisbon A dynamic leading boutique property brokerage firm. Located in the heart of Lisbon and Estoril, Quintela & Penalva celebrates it’s 12th anniversary in the residential high-end market. With a team of over 40 specialized consultants and local expertise, Quintela & Penalva offers a one stop advisory solutions to meet clients needs.

Rua Rodrigo da Fonseca, 178A 1070 – 243 Lisbon Tel: +351 212 454 059 Avenida de Sabóia, 514 2765 – 277 Monte Estoril Tel: +351 211 972 056

international@quintelaepenalva.pt www.quintelaepenalva.pt

Balmes 345 08006 Barcelona- Spain Bonavista 63 08960 Sant Just Desvern (Barcelona)-Spain Pl. Can Cadena 2 08197 Vallodreix (Barcelona)- Spain Rambla de Can Mora 10 08172 Sant Cugat (Barcelona)- Spain Tel: (+34) 934 529 960 guifre.homedes@amatimmo.cat www.amatluxury.com DM PROPERTIES. Marbella As one of the longest-established and most highly respected real estate agencies in Marbella, DM Properties attracts a highly selective clientele of vendors and buyers. Specialising in luxury homes, the firm has built up a name for integrity, professionalism and know-how that is sought by those in the high end of the market.

Av Canovas del Castillo 4 1st Floor Office 3 29601 Marbella - Spain Tel: +34 952 765 138 Fax: +34 952 771 871 enquiries@dmproperties.com www.dmproperties.com RIMONTGÓ. Valencia, Jávea Specialising in Valencia and northern Costa Blanca regions, Rimontgó is a wellestablished family business that has been building, marketing and selling quality villas and apartments since 1959. Rimontgó’s multilingual team offers a full range of residential and commercial property services, ensuring the company’s success in a vibrant region of Spain.

Avda. Cristo del Mar, 21 03730 Jávea (Alicante) - Spain Tel. +34 965 791 035 Fax. +34 965 795 129

Place de Cornavin 3 Case postale 1288 - 1211 Genève 1 Switzerland Tel. +41 22 809 09 09 vente@cgi.ch • www cgi.ch

WALDE & PARTNER IMMOBILIEN AG Zurich, Lucerne.

Walde & Partner Immobilien are the leading independent real estate agents for prime, exclusive properties in the Germanspeaking region of Switzerland. Founded in 1985, Walde & Partner operates with a staff of 50 at its four offices in and around Lake Zurich and Lucerne. The Brand Walde & Partner Immobilien stands for quality, professionalism and the highest level of customer satisfaction.

Alte Landstrasse 107 CH-8702 Zollikon - Switzerland Tel. +41 44 396 60 60 Fax. +41 44 396 60 90 eren@walde.ch • www.walde.ch

WETAG. Locarno, Ascona, Lugano A leading specialist in high-end real estate in the Ticino region of Switzerland since the 1970s, Wetag is also the exclusive representative of leading international real estate organisations such as EREN and The Leading Real Estate Companies of the World.

Via della Pace 1 a CH-6601 Locarno - Switzerland Tel: +41-91-751 31 06 Fax: +41-91-751 96 38 Via Beato Berno, 10 CH-6612 Ascona - Switzerland Tel: +41-91-791 29 20 Fax: +41-91-791 77 66 Riva Antonio Caccia, 3 CH-6900 Lugano - Switzerland Tel: +41-91-994 68 51 Fax: +41-91 -994 68 52 info@wetag.ch • www.wetag.ch

Po. Amanecer, bl 9, local 10 03730 Jávea (Alicante) - Spain Tel. +34 966 470 983 Fax. + 34 966 470 983 Gran Vía Marqués del Turia, 62 46005 Valencia - Spain Tel.+34 963 504 444 Fax. +34 963 504 445 rimontgo@rimontgo.es www.rimontgo.com

UK EREN HEAD OFFICE London 73 Watling Street London EC4M 9BJ - United Kingdom bod@europeanrealestate.org www.europeanrealestate.org VILLÆ 97

The way leading to the true road is not an everlasting one Lao Tse “Tao te Ching”

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