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Yahoo
a day ago
- Business
- Yahoo
Newmark Facilitates $210 Million Sale of Iconic Office Tower in Downtown Los Angeles' Financial District
LOS ANGELES, June 4, 2025 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces the company has arranged the sale of 601 South Figueroa Street — also known as 601 Fig or Fig at Wilshire — a 1,041,315-square-foot high-rise office tower in Downtown Los Angeles. The asset sold for $210 million, equating to a price of approximately $202 per square foot. Newmark Co-Head of U.S. Capital Markets Kevin Shannon and Vice Chairmen Ken White, Rob Hannan, Laura Stumm and Michael Moll and Director Alex Beaton represented the undisclosed seller. Newmark Executive Vice Chairman and Head of International Capital Markets Alex Foshay worked alongside the aforementioned Newmark team. Newmark Co-President, Global Debt & Structured Finance Jonathan Firestone, Vice Chairman Blake Thompson and Director Henry Cassiday provided support on debt strategy and financing considerations throughout the transaction process. Mark Schuessler, Jordon Garcia and Sean Fulp of Colliers advised the buyer, Uncommon Developers. "601 Fig is one of LA's truly iconic office buildings at the renowned corner of Wilshire Boulevard and Figueroa," said Shannon. "This investment sale will provide long term upside for yet another patient and well-capitalized family office buyer." "Since its completion in 1990, 601 Fig has always had 'power business card' status in the city," added Hannan. "Standing in its majestic 75-foot lobby, you get the sense that you are in a special place, a place where a big deal is about to be made. Uncommon Developers will continue 601 Fig's reputation as one of LA's premier corporate environments." Located at the intersection of Figueroa Street and Wilshire Boulevard, Fig at Wilshire is a 52-story office tower with a distinctive octagonal design and glass crown, contributing to Downtown Los Angeles' skyline. The property offers a range of amenities, including dual lobbies with a 75-foot atrium, a modern fitness center, a WiFi-enabled open-air plaza and onsite dining options, including a coffee shop and fast-casual restaurant. At the time of sale, the building was 72% leased to tenants from diverse industries, with many representing strong national and regional credit profiles. Professional services firm PricewaterhouseCoopers (PwC) serves as the anchor tenant. The property's prime location provides easy access to key Downtown Los Angeles destinations, including Arena, Microsoft Theater, LA Live, Fig at 7th and the 7th Street Metro station, a central rail hub. About Newmark Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended March 31, 2025, Newmark generated revenues of over $2.8 billion. As of March 31, 2025, Newmark and its business partners together operated from 165 offices with approximately 8,100 professionals across four continents. To learn more, visit or follow @newmark. Discussion of Forward-Looking Statements about Newmark Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K. View original content to download multimedia: SOURCE Newmark Group, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Newmark Facilitates $210 Million Sale of Iconic Office Tower in Downtown Los Angeles' Financial District
LOS ANGELES, June 4, 2025 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces the company has arranged the sale of 601 South Figueroa Street — also known as 601 Fig or Fig at Wilshire — a 1,041,315-square-foot high-rise office tower in Downtown Los Angeles. The asset sold for $210 million, equating to a price of approximately $202 per square foot. Newmark Co-Head of U.S. Capital Markets Kevin Shannon and Vice Chairmen Ken White, Rob Hannan, Laura Stumm and Michael Moll and Director Alex Beaton represented the undisclosed seller. Newmark Executive Vice Chairman and Head of International Capital Markets Alex Foshay worked alongside the aforementioned Newmark team. Newmark Co-President, Global Debt & Structured Finance Jonathan Firestone, Vice Chairman Blake Thompson and Director Henry Cassiday provided support on debt strategy and financing considerations throughout the transaction process. Mark Schuessler, Jordon Garcia and Sean Fulp of Colliers advised the buyer, Uncommon Developers. "601 Fig is one of LA's truly iconic office buildings at the renowned corner of Wilshire Boulevard and Figueroa," said Shannon. "This investment sale will provide long term upside for yet another patient and well-capitalized family office buyer." "Since its completion in 1990, 601 Fig has always had 'power business card' status in the city," added Hannan. "Standing in its majestic 75-foot lobby, you get the sense that you are in a special place, a place where a big deal is about to be made. Uncommon Developers will continue 601 Fig's reputation as one of LA's premier corporate environments." Located at the intersection of Figueroa Street and Wilshire Boulevard, Fig at Wilshire is a 52-story office tower with a distinctive octagonal design and glass crown, contributing to Downtown Los Angeles' skyline. The property offers a range of amenities, including dual lobbies with a 75-foot atrium, a modern fitness center, a WiFi-enabled open-air plaza and onsite dining options, including a coffee shop and fast-casual restaurant. At the time of sale, the building was 72% leased to tenants from diverse industries, with many representing strong national and regional credit profiles. Professional services firm PricewaterhouseCoopers (PwC) serves as the anchor tenant. The property's prime location provides easy access to key Downtown Los Angeles destinations, including Arena, Microsoft Theater, LA Live, Fig at 7th and the 7th Street Metro station, a central rail hub. About Newmark Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended March 31, 2025, Newmark generated revenues of over $2.8 billion. As of March 31, 2025, Newmark and its business partners together operated from 165 offices with approximately 8,100 professionals across four continents. To learn more, visit or follow @newmark. Discussion of Forward-Looking Statements about Newmark Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K. View original content to download multimedia: SOURCE Newmark Group, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hindustan Times
3 days ago
- Business
- Hindustan Times
Best 5 star inverter AC: Top 10 options that seamlessly blend luxury, performance and energy savings
When the heat hits, nothing feels better than stepping into a cool, comfortable room. But with so many air conditioners on the market, finding one that's both powerful and energy-friendly can be tricky. That's where 5-star inverter ACs come in, they keep you cool without sending your electricity bills sky-high. In this article, we've handpicked the top models that perfectly balance luxury, efficiency, and performance. Whether you want to upgrade or invest in your first AC, these options promise comfort and savings, making summer a breeze every time. The Blue Star 1.5 Ton 5 Star Wi-Fi Smart Inverter Split AC stands out for its smart features and robust cooling. It features a WiFi-enabled inverter compressor, allowing remote control via app, and offers a unique 5-in-1 convertible cooling mode for tailored comfort. AI Pro technology intelligently adjusts cooling based on ambient and internal conditions, while DigiQ Hepta Sensors ensure precise performance. This AC also boasts a 100% copper condenser, acoustic insulation, and anti-corrosive Blue Fins for durability. With a 5-year product warranty and 10-year compressor warranty, it's built for reliability. The 4-way air swing and compatibility with high ambient temperatures (up to 52°C) make it suitable for most Indian homes. Smart WiFi connectivity and app control High ambient cooling (up to 52°C) Long warranty coverage Premium pricing Installation and maintenance may require professional help Blue Star 1.5 Ton 5 Star, 60 Months Warranty, Wi-Fi Smart Inverter Split AC (Copper, Convertible 5 in 1 Cooling, AI Pro, DigiQ Hepta Sensors, 4 Way Swing, IC518ZNURS, White) What are buyers saying on Amazon? Buyers like the air conditioner's energy efficiency, quiet operation, and value for small rooms, though cooling performance and installation service receive mixed reviews. Why choose this product? Ideal for small spaces with quick, quiet cooling and low power use, but inconsistent cooling and poor installation service may be drawbacks. Whirlpool's Magicool 1.5 Ton 5 Star Inverter Split AC offers efficient cooling with a 4-in-1 convertible mode for flexible performance. The IntelliSense inverter compressor adjusts power according to heat load, ensuring energy savings and consistent comfort. The AC is built with a 100% copper condenser coil for better cooling and durability, while its stabiliser-free operation handles voltage fluctuations between 140V and 280V. Key features include auto clean, dust filter, and gas leak indicator for safety. The unit is designed for medium-sized rooms and can operate efficiently in high ambient temperatures (up to 52°C). The warranty covers 1 year on the product and 5 years on the compressor. Stabilizer-free operation Auto clean and dust filter Affordable and reliable Lower warranty period on product Basic smart features compared to competitors Whirlpool 1.5 Ton 5 Star, Magicool Inverter Split AC (MAGICOOL 15T 5S INV CNV S5K2PP0, Copper, Convertible 4-in-1 Cooling Mode, HD Filter White) What are buyers saying on Amazon? Buyers have mixed views on cooling, noise levels, and functionality. Some praise quick installation and performance, while others report poor service and reliability issues. Why choose this product? Offers fast cooling and basic features for some, but inconsistent quality, noise concerns, and unreliable service may affect overall satisfaction. The LG 1.5 Ton 5 Star DUAL Inverter Split AC features a dual inverter compressor for powerful, energy-efficient cooling. It supports AI convertible 6-in-1 technology, allowing users to adjust cooling capacity for different needs. The AC is equipped with a 100% copper condenser with Ocean Black Protection, ensuring durability and efficient heat transfer. This model offers VIRAAT mode for faster cooling, HD filter with anti-virus protection, and a comfortable sleep mode. It operates quietly (as low as 31 dB) and can function in high ambient temperatures (up to 55°C). The warranty includes 1 year on the product, 5 years on PCB and motor, and 10 years on the compressor. High ISEER and energy efficiency Durable copper condenser with anti-corrosion Low noise operation Warranty on product is only 1 year Premium price LG 1.5 Ton 5 Star DUAL Inverter Split AC (Copper, AI Convertible 6-in-1, VIRAAT Mode, Faster Cooling & Energy Saving, 4 Way Swing, HD Filter with Anti-Virus Protection, US-Q19YNZE, White) What are buyers saying on Amazon? Buyers appreciate the air conditioner's build quality, energy efficiency, and silent operation, though cooling performance, installation, and water leakage issues receive mixed feedback. Why choose this product? A quiet, energy-saving AC that offers good value, but inconsistent cooling and potential water leakage may concern some buyers. The Voltas 1.5 Ton 5 Star Inverter Split AC delivers efficient cooling with a variable speed inverter compressor and 4-in-1 adjustable modes for flexible performance. It features a 100% copper condenser for superior heat transfer and durability, along with anti-dust and antimicrobial filters for cleaner air. This AC is designed for medium-sized rooms and can operate in high ambient temperatures (up to 52°C). It offers a wide voltage range (110V–285V), digital temperature display, and self-diagnosis features. The warranty includes 1 year on the product, 10 years on the compressor, and 5 years on the PCB. Wide voltage range for stable operation Anti-dust and antimicrobial filters Reliable after-sales service Basic smart features Noise levels can be higher than premium models Voltas 1.5 ton 5 Star, Inverter Split AC (Copper, 4-in-1 Adjustable Mode, Anti-dust Filter, 185V Vectra CAR, White) What are buyers saying on Amazon? Buyers find the air conditioner reliable and good value, but cooling performance, noise levels, installation, and water leakage receive mixed reviews. Why choose this product? Offers decent cooling and value for some, but inconsistent performance, noise, and installation issues may affect satisfaction. Carrier's 1.5 Ton 5 Star Wi-Fi Smart Flexicool Inverter Split AC features a Flexicool inverter compressor with 6-in-1 convertible cooling for energy savings up to 50%. The unit is WiFi-enabled and supports voice control, offering smart energy display and dual filtration (HD & PM 2.5) for cleaner air. The AC is built with a 100% copper condenser and anti-corrosion blue coating for durability. It operates efficiently in high ambient temperatures (up to 52°C) and offers stabilizer-free operation. The warranty covers 1 year on the product, 5 years on PCB, and 10 years on the compressor. Smart WiFi and voice control Dual filtration for cleaner air Flexicool inverter for energy savings Premium pricing Warranty on product is only 1 year Carrier 1.5 Ton 5 Star Wi-Fi Smart Flexicool Inverter Split AC (Copper, Convertible 6-in-1 Cooling,Smart Energy Display,HD & PM 2.5 Filter, ESTER EDGE FXi (Wi-Fi), CAI19EE5R35W0,White) What are buyers saying on Amazon? Buyers praise the air conditioner's fast cooling, energy efficiency, and coverage, but report mixed experiences with installation, noise levels, and functionality. Why choose this product? Efficient cooling for medium spaces with low power use, though inconsistent installation and variable noise may affect user satisfaction. 6. Lloyd 1.5 Ton 5 Star Inverter Split AC The Lloyd 1.5 Ton 5 Star Inverter Split AC features a variable speed inverter compressor and 5-in-1 convertible cooling for flexible performance. It is built with 100% copper coils and anti-corrosion coating for durability and efficient cooling. The AC includes a PM 2.5 filter for cleaner air and operates efficiently in high ambient temperatures (up to 52°C). Special features include turbo cool, low gas detection, clean filter indication, and stabilizer-free operation (140V–280V). The warranty covers 1 year on the product, 5 years on components (including PCB), and 10 years on the compressor. PM 2.5 filter for cleaner air Stabilizer-free operation Good warranty coverage Basic smart features Noise levels can be higher than premium models Lloyd 1.5 Ton 5 Star Inverter Split AC (5 in 1 Convertible, Anti Corrosion Coating, Copper, PM 2.5 Filter, White with Chrome Deco Strip, GLS18I5KWGGW) What are buyers saying on Amazon? Buyers praise the air conditioner's cooling, energy efficiency, and build quality, though installation and noise levels receive mixed feedback. Why choose this product? Delivers strong, all-direction cooling with low electricity use and solid performance, but inconsistent installation and noise may concern some users. The Lloyd 1.0 Ton 5 Star Inverter Split AC is designed for small to medium rooms, featuring a variable speed inverter compressor and 5-in-1 convertible cooling. It includes an anti-viral filter and PM 2.5 filter for enhanced air purification. The AC is built with 100% copper coils and golden fin evaporator for durability and efficient cooling. This model operates efficiently in high ambient temperatures (up to 52°C) and offers stabilizer-free operation (100V–300V). Special features include turbo cool, low gas detection, and clean filter indication. The warranty covers 1 year on the product, 5 years on components, and 10 years on the compressor. Anti-viral and PM 2.5 filters Stabilizer-free operation Good warranty coverage Basic smart features Smaller capacity, suitable for smaller rooms Lloyd 1.0 Ton 5 Star Inverter Split AC (5 in 1 Convertible, Copper, Anti-Viral + PM 2.5 Filter, 2023 Model, White with Chrome Deco Strip, GLS12I5FWBEV) What are buyers saying on Amazon? Buyers appreciate the air conditioner's efficient cooling, low power use, quiet operation, and smart features, though installation quality receives mixed feedback. Why choose this product? Ideal for small to mid-sized rooms with energy savings, modern design, and quiet performance, but installation service may not always be professional. The Godrej 1.5 Ton 5 Star Inverter Split AC features a 5-in-1 convertible cooling mode for flexible performance and energy savings. It is built with a 100% copper condenser and anti-corrosive coating for durability. The AC includes self-clean technology and pure dust filter for cleaner air. Special features include i-sense technology, which uses a sensor in the remote to match room temperature to user location for optimal comfort. The warranty offers 5 years comprehensive coverage on the product and 10 years on the compressor. Comprehensive 5-year warranty Self-clean and dust filter i-sense technology for comfort Basic smart features Premium pricing Godrej 1.5 Ton 5 Star, 5 Years Comprehensive Warranty, 5-In-1 Convertible Cooling, Inverter Split AC (Copper, 2025 Model, Heavy duty cooling at 52 °C, AC 1.5T EI 18II5T WZS Split 5S, White) What are buyers saying on Amazon? Buyers value the air conditioner's energy efficiency and cooling, though experiences with temperature control, build quality, noise, and service are mixed. Why choose this product? Offers decent energy savings and fast cooling for some, but inconsistent performance, build quality, and installation service may affect satisfaction. The Cruise 1.5 Ton 5 Star Inverter Split AC features VarioQool inverter technology and 4-in-1 convertible cooling for flexible performance. It is built with a 100% copper condenser and Rust-O-Shield blue paint protection for durability. The AC includes HD air filters with PM 2.5 for cleaner air and operates efficiently in high ambient temperatures (up to 52°C). Special features include a large remote control, magic LED display, and stabilizer-free operation (145V–285V). The warranty covers 1 year on the product, 1 year on PCB, and 10 years on the compressor. PM 2.5 filter for cleaner air Stabilizer-free operation Durable copper condenser Basic warranty on product and PCB Noise levels can be higher Cruise 1.5 Ton 5 Star Inverter Split AC with PM2.5 Air Purification (100% Copper, Convertible 4-in-1, Fast Cooling & Energy Saving, PM 2.5 Filter, Anti-Rust Tech, 2025 Model, CWCVBK-VQ3D185, White) What are buyers saying on Amazon? Buyers praise the AC's fast cooling, energy efficiency, and value for money, though build quality, functionality, and installation receive mixed feedback. Why choose this product? A cost-effective, power-saving option with strong cooling for most, but mixed experiences with noise, installation, and performance may affect overall satisfaction. The Midea 1 Ton 5 Star AI+ Wi-Fi Smart Inverter Split AC features a gear control inverter compressor and 6-in-1 convertible cooling for energy savings. It is WiFi-enabled and supports voice control via Google and Alexa. The AC includes dual filtration (HD & PM 2.5) for cleaner air and operates efficiently in high ambient temperatures (up to 52°C). Special features include geo-fencing, KW display, and stabilizer-free operation (135V–280V). The warranty covers 5 years on the product and 10 years on the compressor. Smart WiFi and voice control Dual filtration for cleaner air Comprehensive warranty Smaller capacity, suitable for smaller rooms Premium pricing for 1-ton model Midea 1 Ton 5 Star, 5 Years Comprehensive Warranty,AI+ Wi-Fi Smart Inverter Split AC (Copper, Convertible 6-in-1,KW Display, PM 2.5 Filter,4 Way Swing,Santis Pro-X RYL (Wi-Fi), MAI12SP5R35W0,White) What are buyers saying on Amazon? Buyers praise the air conditioner's excellent cooling, silent operation, and smooth installation, considering it good value for money. Why choose this product? A reliable and quiet cooling solution with professional installation, offering great value for everyday use. A 5-star rating means the AC is highly energy efficient, consuming less power while cooling effectively. This reduces your electricity bills significantly compared to lower-rated models, making it a cost-effective and eco-friendly choice over time. Inverter ACs adjust compressor speed based on cooling needs, offering consistent temperature control and lower energy consumption. Non-inverter models run at fixed speeds, causing frequent on/off cycles, which leads to higher electricity use and less efficient cooling. The AC's cooling capacity (in tonnes) should match your room size. For example, a 1-tonne unit suits rooms up to 120 sq ft, while larger rooms require higher capacity. Proper sizing ensures efficient cooling and energy savings. Best 5 star inverter AC Capacity Cooling Power (W/BTU) Special Features Similar articles for you Best AC under ₹35000 for this summer season: Top 8 picks we suggest from brands like Voltas, Carrier and more Best 5 star 1 ton ACs for 2025 that will revolutionise your home's cooling and slash energy bills 8 LG ACs you should not miss out: Best options to choose from split and window ACs Best 1.5 ton split ACs in India 2025 from popular brands with advanced features and tech for modern homes: Top 9 picks It offers superior energy efficiency, reducing electricity bills while providing consistent cooling. Not really; they generally have low maintenance costs and long-lasting components. Yes, as long as you choose the right capacity for your room size. Yes, they adapt compressor speed for optimal cooling even in humid conditions. Installation is straightforward but should be done by a professional for best results. Disclaimer: At Hindustan Times, we help you stay up-to-date with the latest trends and products. Hindustan Times has an affiliate partnership, so we may get a part of the revenue when you make a purchase. We shall not be liable for any claim under applicable laws, including but not limited to the Consumer Protection Act, 2019, with respect to the products. The products listed in this article are in no particular order of priority.
Yahoo
02-04-2025
- Business
- Yahoo
Shelly Group SE: Growth with Smart Locks Exceeds Expectations
SOFIA, Bulgaria and MUNICH - April 2, 2025 (NEWMEDIAWIRE) - Shelly Group SE (Ticker: SLYG / ISIN: BG1100003166), one of the world's fastest-growing IoT brands with solutions for smart home and building automation based in Sofia, Bulgaria, is expanding strongly with the sale of intelligent door locks, so-called Smart Locks. Following the acquisition of LOQED in the past year, Shelly integrated the functions of the Smart Locks into its own app and continues to develop the products. Now, the industry-leading security solutions are offered under the LOQED by Shelly brand. An initial shipment of 1,000 locks in Q1 2025 sold out very Dimitrov, Co-CEO of Shelly Group: "The demand for LOQED by Shelly's innovative smart door locks is exceeding our expectations. Each newly produced batch is sold out within moments. It's very gratifying that we can see from our customers' cloud registrations that the locks are being installed by end users and are not only stockpiled by retailers. This clearly shows customer interest and the great potential of these innovative products."Shelly expects a next batch of at least 4,000 locks in Q2 2025, which is already fully pre-sold. The technology behind the locks, which are made from high-strength stainless steel to meet high security and stability requirements, is more complex than for other products. Production cycles and logistics are correspondingly more complex, resulting in longer delivery times. Two additional door lock models are to be launched on the market in Kirsch, Co-CEO of Shelly Group: "With the acquisition of the technology and inventory, Shelly acquired the key assets of Dutch LOQED B.V. in 2024, as well as access to the contract manufacturer's plant and suppliers of the pre-products. By covering the entire value chain, we were able to ensure the rapid integration of smart locks into our Shelly product portfolio and cloud solutions. The locks can then be connected to the other solutions, enabling the custom design of IoT systems. The high demand now shows that our expectations for the acquisition and the positive impact on sales and earnings were more than justified."Smart locks are designed for use in private households as well as for applications in companies and public institutions, where they offer secure and easy management of multiple access points via remote access and the ability to monitor the security of premises. Potential uses also include hotels, which can improve security, customer service and the quality of their guests' stay by introducing Bluetooth- or WiFi-enabled locks and replacing existing chip card solutions. The locks can also be connected with other Shelly solutions. According to studies, the market is expected to grow by an average of 15.4% annually to up to USD 5.8 billion by 2029. For further information, please visit Shelly Group Shelly Group SE is a technology holding company that stands for innovation through the development, manufacture, and distribution of high-quality IoT products. End users and their needs are always at the heart of development. Shelly Group was founded in Bulgaria and works with a team of young, talented developers who are dedicated to producing competitive and user-friendly products. The Group consists of 6 subsidiary companies and has offices in Bulgaria, Germany, and Slovenia as well as in China and USA. Shelly Group's products have already conquered over 100 markets. Shelly Group SE has been listed on the Bulgarian Stock Exchange since December 2016 and on the Frankfurt Stock Exchange as of November 2021 where its shares are traded under GSIN A2DGX9, ISIN BG1100003166, ticker Investor Relations CROSS ALLIANCE communication GmbHSven PaulyPhone: +49 89 125 09 0331Mail: sp@ Sign in to access your portfolio
