MDJM establishes new U.K. JV company

MDJM, an integrated real estate services company in China, has announced the establishment of a new joint venture company in the United Kingdom under the name of Mansions Estate Agent.

Mansions Estate is jointly established by MDJM’s subsidiary MD Local Global Limited, Ocean Tide Wealth Limited, a mortgage broker in the United Kingdom, and Mingzhe Zhang. Mansions Estate will be engaged in asset management business and expects to provide comprehensive U.K. real estate–related services, including property leasing, property sales, furnishings, and routine property maintenance, to global investors. The company believes the establishment of Mansions Estate is a significant step for its global expansion strategy.

“Our new asset management business in the United Kingdom could greatly assist global investors in compliance with the local regulations on property rentals, especially when violations of these regulations could damage the investors’ rental profits,” said