Waterfront Estate on Hibiscus Island Sells For $51.5 Million Setting New Record on Miami Beach's Palm and Hibiscus Island

A waterfront estate at 270 S. Hibiscus Drive has sold for $51.5 million, setting new records for both sale price and price per square foot on Miami Beach's guard-gated Hibiscus and Palm Islands. The transaction surpassed the previous record sale of approximately $40 million, despite that property encompassing a larger residence on a larger lot. The home uniquely features include a full-size Ferrari Testarossa replica suspended in the main living area as a sculptural centerpiece.

Dora Puig of Luxe Living Realty represented the buyer in the transaction. Jordan Karp of Jordan Karp LLC represented the seller.

"This sale reflects where Miami Beach's luxury market is today," said Smykalov. "Buyers continue to recognize the value of exceptional design, craftsmanship and waterfront locations. Properties of this caliber rarely become available, and demand remains strong when they do."

The property, which was recently completed, is coming to market for the first time since the seller acquired it as an unfinished shell in 2021. Rather than simply complete the original plans, the residence was reimagined through a joint venture led by Luis Bosch, founder of Luis Bosch Luxury Homes, who oversaw the home's redesign and construction, and managed by Denis Smykalov of Wolsen Real Estate.

The estate combines two waterfront lots totaling approximately 21,000 square feet, with 120 feet of water frontage, and offers more than 10,000 square feet of living space. The residence includes five bedrooms, a maid's quarters, six full bathrooms, two half bathrooms, a private office and a fitness center. Additionally, it is one of the few homes in Miami Beach that features two private docks. The docks are capable of accommodating a yacht measuring up to approximately 105 feet.

One of the home's defining features is a fully soundproof private nightclub with its own private entrance, allowing it to function independently from the main residence. Designed for entertaining, the space includes professional nightclub lighting, laser effects, disco balls and a dedicated air conditioning system. An oversized pool cabana bathroom with two toilets was also designed to accommodate large gatherings.

Originally designed by a local architect, the residence was later reimagined by SAOTA, the internationally acclaimed South African architecture firm formerly known as Stefan Antoni Olmesdahl Truen Architects, with interiors by fellow South African design firm ARRCC and landscape architecture by renowned landscape architect Raymond Jungles.

Bosch, who has spent more than 20 years building luxury waterfront residences throughout Miami Beach, assembled a team of architects, designers and craftsmen to execute the project.

"Our goal was to create a home that would stand the test of time," said Bosch. "Every finish, every material and every design decision was carefully considered. We focused on quality at every stage of construction to create a residence that feels as exceptional today as it will decades from now."

Craftsmanship is evident throughout the residence. Walls are wrapped in custom millwork incorporating multiple exotic wood species, while the kitchen features handcrafted cabinetry by Bon Vivant Custom Woodworking, a South Florida company specializing in custom architectural millwork since 1981. The home also features Bronze Armani stone, shellstone and multiple varieties of natural marble throughout. Hand-selected travertine was sourced from Rome specifically for the project, while the infinity-edge pool is finished with Bali stone imported from Indonesia. A custom powder-coated steel and aluminum exoskeleton further distinguishes the home's engineering and construction.

The record-setting sale reflects the strong demand for newly completed waterfront residences on Hibiscus and Palm islands, where limited inventory and architecturally significant homes continue to command premium values.

Images via 1 OAK Studios

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City of Miami Beach Approves Ocean Terrace Redevelopment Plan Along North Beach Beachfront

The City of Miami Beach Historic Preservation Board has approved the Ocean Terrace Holdings (OTH) redevelopment plan and Ocean Terrace streetscape masterplan. Led by OTH principals Sandor Scher and Alex Blavatnik, the redevelopment plan includes a 20-story, 75-unit residential building, new restaurant and retail options, and a 127-room hotel that incorporates the carefully renovated and unified historic Broadmoor and Ocean Surf properties. Following years of community outreach and negotiations with the City, the approval of OTH’s redevelopment plan will revitalize this underutilized area in North Beach along Collins Avenue, between 74th and 75th Street.

“The approved plan for Ocean Terrace is more economically viable, will attract a world-class hotel operator, and will incorporate a beautifully-designed oceanfront greenspace for the entire community to enjoy,” said Sandor Scher, principal of Ocean Terrace Holdings, LLC. “We look forward to getting to work on our long-awaited project, which will restore the street-level historic architecture, transform Ocean Terrace into a lushly-landscaped oasis and give new life to this cherished beachfront.”

The approved plan includes a few recently added enhancements that will elevate the project’s hotel and residential components. To help attract a world-class hotel flag to the project, the plan adds a new hotel building with 72 rooms that will be built within previously approved height restrictions. The hotel will be managed as one operation with the historic Broadmoor and Ocean Surf hotel buildings. The hotel will include restaurants, bar, meeting rooms, fitness, spa, outdoor pool and deck, rooftop lounge, and on-site parking.

With an historically inspired design, the residential component will feature curvilinear designs reflective of MiMo style, such as curved balconies and eyebrows. Units will range in size from 2 to 5 bedrooms and feature a full complement of luxury amenities. The masterplan also calls for approximately 15,000 square feet of commercial space along Collins Avenue and approximately 3,000 square feet along Ocean Terrace.

“We are grateful to the North Beach community and City of Miami Beach for working together with us to create a vision for Ocean Terrace that incorporates historic preservation, activation of the oceanfront, and economic revitalization,” said Alex Blavatnik, principal of Ocean Terrace Holdings, LLC. “We are excited to now be able to bring that vision to life, starting with an iconic and activated public space that will belong to the City for future generations.”

The first stage of the redevelopment plan will focus on a new $15 million, five-acre public greenspace along Ocean Terrace designed by world-renowned landscape architect Raymond Jungles. The asphalt street will be converted into an active, pedestrian-focused greenspace with native trees that will provide much-needed shade. A public-private partnership with the City of Miami Beach, the streetscape plan will also offer new walking trails, water features, public seating, and a covered pavilion. A mid-block open breezeway in the Ocean Terrace development will also connect Collins Avenue retail to Ocean Terrace, allowing enhanced public access to the oceanfront. OTH will fully fund the park, with no cost to taxpayers, and will deliver the greenspace on an expedited timeline.

Construction on the public greenspace is set to begin in the third quarter 2022. Pre-construction sales for the residential building are also estimated to launch in 2022.

Five New Tenants Including Bradesco BAC Florida Bank Sign At The Plaza Coral Gables

Five notable new tenants have signed leases at The Plaza Coral Gables, a Class A office building currently under construction in Downtown Coral Gables, developed by Agave Holdings. The tenants include Bradesco BAC Florida Bank, who leased 63,009 square feet for their headquarters; the Naples, FL-based digital payments firm ACI Worldwide Corp., who leased 27,712 square feet; private equity firm H.I.G. Capital, who leased 22,227 square feet; PNC Bank, who leased 7,039 square feet; and Raymond James, who leased 4,396 square feet.

Tere Blanca, Danet Linares and Andres del Corral of Blanca Commercial Real Estate represented Agave Holdings overseeing the new lease signings. Patrick Duffy of Newmark represented Bradesco BAC Florida Bank, Shay Pope of CBRE represented ACI Worldwide Corp and PNC Bank, Alan Kleber of JLL represented H.I.G Capital, and Todd Brandon of Cushman & Wakefield represented Raymond James.

Located in the heart of Coral Gables’ central business district, The Plaza Coral Gables consists of approximately 2.1 million square feet of mixed-use real estate on approximately seven acres and spans three city blocks. Construction on the North tower was completed in late 2020 and the South tower is expected to be completed by the end of 2021.

Located at 2801, 2901 and 3001 Ponce de Leon Blvd, just south of Miracle Mile in downtown Coral Gables, The Plaza Coral Gables features a 4.5 star 242-key Loews Hotel, two office towers, dining, retail and entertainment space, approximately 174 residential rental units, and +/-2400 parking spaces. The office component features 455,008 square feet, which is 30% leased. Other tenants include Fogo de Chao Brazilian Steakhouse, Next Level Lounge and The Butchery.

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Fortune International Group Announces $6.6 Million Sale In Herzog & De Meuron-Designed Jade Signature

Fortune International Group has announced the $6.6 million sale of a move-in ready residence, No. 4901, in the developer’s award-winning Jade Signature condominium tower in Sunny Isles Beach. The transaction represents the sale of the last remaining residence outside of Jade Signature’s “The Collection,” a portfolio consisting of the tower’s most luxurious offerings, including two-story Sky Villas and a soon-to-be-unveiled two-story penthouse, ranging from $11.9 million to $29.5 million. The listing agent was Fortune Development Sales and the in-house agent assisting the sale was Elizabeth Garcia. The buyer was represented by Saddy Delgado Abuanza with One Sotheby’s International Realty.

“This residence is among the most stunning in Jade Signature – reflective of the building’s overall attention to detail that has made it among the most sought-after in South Florida,” said Edgardo Defortuna, President and CEO of Fortune International Group. “Representing our last residence outside of “The Collection” offerings, the sale of No. 4901 is a testament to the tremendous demand among well-heeled buyers to live in this tower, as each of our turnkey homes have been met with almost immediate purchase.”

The sale No. 4901, which was finished by Fortune International Group Construction Division, is the latest in a string of recent turnkey residence sales at the property, including seven over the past year, as the pandemic only amplified the demand for fully finished, move-in-ready residences. Jade Signature was designed by Pritzker prize-winning architecture firm Herzog & de Meuron, with interiors by Parisian interior design firm PYR and landscaping by architect Raymond Jungles Inc.

The unit featuresflow-through views of both the ocean and Intracoastal Waterway, the five-bedroom, six-and-a-half-bath home features 4,953 square feet of space as well as 1,454 square feet of sprawling terraces. Stunning accents and finishes abound, including exceptional millwork and an utterly timeless palette of beige and white, complemented by floor to ceiling glass windows and sliding doors throughout and the addition of artfully placed bronze mirrored panels to reflect the beautiful colors of the sea.

The light-filled residence is complemented by 10-foot ceilings, walls of glass, and an open floor plan. Designed for entertaining, the home features a family room, living room, dining room, bar, playroom and service quarters. The unit also features a kitchen with European designer cabinetry handcrafted by Snaidero and appliances by Gaggenau® and Sub-Zero®. The master bedroom boasts a resort-like feel with a separate sitting room and master baths featuring PYR custom-designed cabinetry and modern twin basins.

Currently, a limited number of residences remain for sale within the building, including Jade Signature’s “The Collection,” a compilation of two-story Sky Villas and a two-story penthouse, ranging from $11.9 million to $29.5 million. Next month the two-story penthouse will be revealed which offers all of these world-class features as well as a private pool, gym and 360-degree views.

Check Out This Oceanfront Condo At The Herzog & De Meuron-Designed Jade Signature Which Just Closed For $6.6 Million

Fortune International Group has announced the $6.6 million sale of a turnkey residence in the developer’s award-winning Jade Signature condominium tower in Sunny Isles Beach. The transaction of the contemporary retreat, No. 4801, which was furnished by revered interior designer Luxury Living Group, is the latest in a string of recent sales at the property. Created by Pritzker prize-winning architecture firm Herzog & de Meuron, with interiors by Parisian interior design firm PYR and landscaping by architect Raymond Jungles Inc., Jade Signature is widely lauded as one of Miami’s most architecturally extraordinary oceanfront address’.

With flow-through views of both the ocean and Intracoastal Waterway, the five-bedroom, six-and-a-half-bath home features 4,953 SF of space as well as 1,454 SF of outdoor terraces, one on each side of the tower. The home features stunning accents and finishes including an elegant console in the foyer, situated under a gold and silver-leaf work of art by Peterson Guerrier and Chris Jones. Likened to its own private retreat, the master bedroom boasts a resort-like feel with its own sitting room and master baths which are dramatically extended by oceanfront terraces. The listing agent was Elizabeth Garcia of Jade Signature’s in-house sales team. The buyer was represented Michael Martirena of ONE Sotheby’s International Realty.

“This residence has been a jewel in the crown of Jade Signature -- reflective of the building’s overall attention to detail,” said Edgardo Defortuna, President and CEO of Fortune International Group. “Across the globe, there has been tremendous demand among high-net-worth buyers to live in this tower -- singling it out for its lavish comforts, innovative beachfront amenities, and timeless designs.”

Currently, a limited number of residences remain for sale within the building, including several recently completed turnkey homes by renowned interior designers. Jade Signature’s most luxurious offerings, a portfolio known as “The Collection,” has a compilation of two-story Sky Villas and a two-story penthouse, ranging from $11.9 million to $29.5 million. The Sky Villas offer stunning features, such as flow-through views, expansive terraces, private elevators, smart technology, service quarters and PYR-designed bathroom cabinetry. The two-story penthouse boasts all of these world-class features as well as a private pool, gym and 360-degree views. Additional offerings include three- to five-bedroom residences, with sizes starting at 3,260 SF and prices starting at $4.49 million. Jade Signature is located at 16901 Collins Ave, Sunny Isles Beach, FL 33160.

Enjoy the video and photo tour below:

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Check Out This $29 Million Penthouse In Bjarke Ingels' Grove at Grand Bay With Over $1 Million In Art

There are few residences that combine high-styled interior design and an expertly curated art collection all while being located in an iconic tower designed by one of this generations top architects, Bjarke Ingels. Located in Grove at Grand Bay, this newly listed residence is a $29 million penthouse fully furnished offering over $1M in art work from Dorit Levinstein, Romero Britto, Angelo Accardi, David Kracov and SN.

The unit takes up the entire floor at Grove at Grand Bay North Tower located on the lower penthouse. The 11,000 SF unit comes equipped with 6 full bedrooms and 8 baths, maids quarters, movie theater, gym, wet and dry sauna, jacuzzi, massage room, office, two master bedrooms with walk in closets, and a bar.

For Grove at Grand Bay, Terra Group teamed with celebrated Danish architect Bjarke Ingels, of BIG Architects, to bring modern luxury to historic Coconut Grove, Miami’s oldest neighborhood. Terra and Ingels envisioned a residence that would evoke luxury, but also fuse it with distinctly contemporary design. With floor plates that rotate every three feet at every elevation from the 3rd to the 17th floors, Ingels’ design creates two gracefully twisting towers that appear to be turning to capture the view as they rise to the sky. BIG Architects designed the residences and amenity spaces, and Raymond Jungles has designed the property’s landscaping.

2669 S Bayshore Drive, LPH N, Grove at Grand Bay is currently listed for $29,000,000 with Bragi Sigurdsson of Douglas Elliman.

Photos via Douglas Elliman Real Estate

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Tour Jade Signature's Over-The-Top Amenities Including Celeb-Fave Natural Beauty Specialist Tata Harper First Full-Service Spa in Florida

Tata Harper, organic skincare and natural beauty expert to stars such as Gwyneth Paltrow, Brooke Shields, Emma Watson, and Anne Hathaway, has opened her first ever full-service Florida spa within Edgardo Defortuna's Fortune International Group's Jade Signature; designed by the internationally acclaimed Pritzker Prize-winning Herzog & de Meuron. Amenities at Jade Signature include lush, landscaped grounds by Raymond Jungles Architects, beach access, a beach grill, a lagoon style pool, fitness center, wine cellar, restaurant, library, teens lounge, 24 hour concierge and valet along. The iconic tower, which is slightly turned to allow sunlight on the pool and beach throughout the day, features views of the Atlantic Ocean as well as the Intracoastal Waterway.

“It is an honor to be aligned with Tata Harper and to be opening this one-of-a-kind spa within Jade Signature,” said Edgardo Defortuna, President and CEO of Fortune International Group. “Our residents are accustomed to the very best amenities and services. Tata complements everything we have accomplished with Jade and will truly elevate the oceanfront luxury residential experience to new heights.”

Jade Signature opened in March and was developed by Fortune International Group and created by architecture firm Herzog & de Meuron. With interior designs by Parisian firm PYR, led by Pierre-Yves Rochon, and landscaping by Miami-based architectural firm Raymond Jungles Inc., Tata Harper’s spa brings yet another distinguishing element to the tower, making it one of the most exceptional ultra-high-end properties in the world. 

Harper grows many of her ingredients in her anti-aging and paraban-free beauty products on her 1,200-acre farm in Vermont. She initially created her line when her stepfather was diagnosed with cancer in 2005.  On the heels of that challenging time, during which Harper learned more about harmful chemicals being used in self-care products, she set out to create a 100% natural, nontoxic brand. 

“Jade Signature is such a natural partner for us to open our very first Tata Harper Spa in Florida,” said Harper. “We created a space that feels coastal casual yet chic with our special Tata Harper touch in every detail.  We believe our clients should never have to compromise between health and results, natural and luxurious, or beauty and intelligence. The space and the treatments available at Jade Signature help bring the all-natural non-toxic luxury experience to life for this exclusive Miami community.”

The Tata Harper Spa at Jade Signature, marked by natural finishes, vibrant wood and green accents, and a glittering hand-cut koi mosaic designed by PYR, is exclusively reserved for residents of the property and their guests. Specialized facial and body treatments include the use of healing jade roller massages and jade stone placements.  There is additionally a sauna, steam room, hammam, relaxation zone, water therapy terrace, and a manicure and pedicure room, as well as products for purchase. 

Jade Signature has a limited assemblage of residences remaining among the tower’s most luxurious units. Known as “The Collection,” the portfolio is a compilation of two-story Sky Villas and penthouses, ranging from $14.3 million to $32.9 million. The Sky Villas offer stunning features, such as flow-through views, expansive terraces, private elevators, smart technology, service quarters and PYR-designed bathroom cabinetry. The two full-floor penthouses boast all of these world-class features as well as a private pool, gym and 360-degree views of the Atlantic Ocean, Intracoastal Water and the Miami skyline. Additional offerings include three- to five-bedroom residences, with sizes starting at 3,312 square feet and prices starting at $3.99 million. For more information on purchasing at Jade Signature, contact Fortune International Group at (305) 907-7493, or visit www.jadesignature.com.

Jade Signature is located at 16901 Collins Ave. and features 192 flow-through units. Sales and construction began in 2013. 95%+ of the 192 residences have been purchased by an array of buyers spanning the U.S., Latin America and Europe. 

| In Partnership with Fortune International Group | 

Inside Jade Signature's Grand Opening Soirée Hosted by Fortune International Group

More than 500 attendees from across the globe, notable in real estate, design, architecture, the arts, etc., converged in Sunny Isles Beach to commemorate the highly-anticipated opening of Miami's most architecturally extraordinary oceanfront address: Jade Signature. Developed by Fortune International Group and created by Herzog & de Meuron, hundreds were in attendance to celebrate the official opening of the tower, which has been a hot-spot for luxury buyers worldwide
 
The celebration, which took place Friday, March 16, treated guest to an array of festivities, including a performance by Yoli Mayor of "America's Got Talent" fame, 25-person orchestra, booming taiko drummers, and a heart-pounding fireworks show over the Atlantic Ocean. 

VIPs in attendance included developers Edgardo and Ana Cristina Defortuna; interior designer Pierre-Yves Rochon from Paris, France; Jason Frantzen, partner with Herzog & de Meuron from Basel, Switzerland; Miami-based landscape architect Raymond Jungles; City of Sunny Isles Beach Vice Mayor Dana Goldman; Sunny Isles Beach Commissioner Larisa Svechin; Sunny Isles Beach Commissioner Jeanette Gatto; business executive Carlos Mattos; Fran Scola, Chief Financial Officer of OKO Group; Andy Mitchell, President and CEO of The Fairwinds Group; and Marcelo Kingston, Managing Director of Multiplan Real Estate Asset Management. 
 
“Being surrounded by our collaborators, colleagues, clients, family and friends for this long-awaited celebration was an amazing honor,” said Edgardo Defortuna.  “We have worked tirelessly to bring this property to the market.  Seeing Jade Signature completed -- along with the tremendous praise by our buyers -- gives me an enormous sense of pride.”

Jade Signature was developed under the leadership of husband-and-wife team Edgardo and Ana Cristina Defortuna of Fortune International Group, designed by the Pritzker-Prize winning architecture firm Herzog & de Meuron, in collaboration with Parisian interior designer Pierre-Yves Rochon (PYR) and landscape architect Raymond Jungles, and financing provided by HSBC. Sales and construction began in 2013. 95%+ of the 192 residences have been purchased by an array of buyers spanning the U.S., Latin America and Europe. 

CHECK OUT THE STUNNING DRONE IMAGES OF THE NEWLY DELIVERED, HERZOG & DE MEURON-DESIGNED JADE SIGNATURE IN SUNNY ISLES BEACH

Check out the stunning drone images of the Herzog & de Meuron-designed Jade Signature

Photos via World Red Eye and Avant Garde

Check Out The Stunning Drone Images Of The Newly Delivered, Herzog & de Meuron-Designed Jade Signature in Sunny Isles Beach

Following the grand opening of the iconic, Herzog & de Meuron-designed Jade Signature, Fortune International Group has released new imagery of the revolutionary, eco-conscious tower. Following years of anticipation since its 2013 groundbreaking, Jade Signature’s 192 residences are more than 95% sold and move-ins have begun.

The beauty of the newly completed Jade Signature reflects the top talents of a trio of the industry’s greatest collaborators including world-renowned Swiss architects Herzog & de Meuron, the visionaries behind the Tate Modern in London, 1111 Lincoln Road, and the Peréz Art Museum Miami; celebrated Miami landscape architectural firm Raymond Jungles Inc.; and Parisian interior design firm PYR, led by Pierre Yves-Rochon, who has gained international prestige for elegant interiors in top luxury residences, spas and hotels, including the Four Seasons George V in Paris, and The Savoy in London.

“Ana Cristina and I are thrilled to deliver this monumental building to our buyers, many of whom have eagerly followed the progression of the Jade brand, showing confidence in our vision by purchasing during the pre-construction phase,” said Edgardo Defortuna, President and CEO of Fortune International Group.  “When you have this level of support behind you – from the creative team to the brokers and buyers – anything is possible.”

“Now that Jade Signature is complete, it gives us tremendous pride to be able to present the final product to our new homeowners from around the world,” added Ana Cristina Defortuna, Executive Vice President of Fortune International Group. “Jade Signature was a dream – and the result is breathtaking.”

Jade Signature has achieved a new standard of design by utilizing the natural environment in an eco-conscious manner. The tower’s expansive units are marked by flow-through-style floor plans, not only ensuring optimum ventilation, but enabling owners to cool their residences naturally year-round. An influx of sunlight is maximized across the grounds due to the building’s slightly angled position along the beach. A three-story underground parking garage eliminates the need for an unsightly pedestal and subsequently creates a seamless connection between the ground floor and the pool, as well as the deck, gardens, beach and ocean beyond. This unique structural design additionally allows for more landscaping and vegetation around the base of the property. 

Resort-style amenities include a stunning beachfront deck with an organic, zero entry free-form swimming pool, secluded cabanas, a heated spa surrounded by nature, and a 25-meter lap pool.  Private beach amenities include chaise lounges, umbrellas and an oceanfront restaurant with towel and beach service. Jade Signature also has a full-service spa for residents and guests, complete with a sauna, steam room, hammam, relaxation zone, and treatment rooms. Additional property amenities and services include a state-of-the-art fitness center, library and reading lounge, wine bar, clubroom, entertainment and game lounge, business center, playroom and tech lounge for children and teens, full-service concierge, private elevator entrances, and smart technology throughout.  

Although nearly sold out, Jade Signature has a limited assemblage of residences remaining among the tower’s most luxurious units. Known as “The Collection,” the portfolio is a compilation of two-story Sky Villas and penthouses, ranging from $14.2 million to $32.9 million.

Photos via DBOX

Fortune International Group Celebrates The Official Grand Opening of Jade Signature in Sunny Isles Beach

Fortune International Group celebrated another successful delivery as the Herzog & de Meuron-designed Jade Signature officially celebrated its grand opening yesterday. The lavish celebration offered a glimpse into the stunningly finished amenities, complete with a live symphony, drum show and fireworks show. The building received its TCO with closings and move-ins beginning in February. 

"Today is about Jade Signature. It is about this site that allowed us to dream. To dream of having the parking underneath us. The dream of having 3 full floors of amenities. To dream of 100% of the units face the ocean directly and 60% of them are flow through unit that look both ways. To be able to twist the building so the sun is on the pool and the beaches throughout most of the afternoon without sacrificing any of the views. That dream that eventually comes through is what makes us very very proud," said Edgardo Defortuna, President and CEO of Fortune International Group while speaking to the crowd at the grand opening celebration.

Jade Signature was developed under the leadership of husband-and-wife team Edgardo and Ana Cristina Defortuna of Fortune International Group, designed by the Pritzker-Prize winning architecture firm Herzog & de Meuron, in collaboration with Parisian interior designer Pierre-Yves Rochon (PYR) and landscape architect Raymond Jungles, and financing provided by HSBC. Sales and construction began in 2013. 95%+ of the 192 residences have been purchased by an array of buyers spanning the U.S., Latin America and Europe.