NEW YORK, Sept. 28, 2021 /PRNewswire/ -- Sotheby's
International Realty today announced the opening of Morocco
Sotheby's International Realty, signifying the brand's first office
in Northern Africa. The addition
brings the brand's total number of affiliated offices in the EMEIA
region to nearly 200.
Morocco Sotheby's International Realty is owned and operated by
David Chicard who brings 15 years of experience to the company. The
office is located in the city of Marrakech and will service the
surrounding region, with plans for future expansion in Essaouira,
Tangier, and Rabat. The office
will be led by Nicolas Beguin, who has lived in Morocco for
almost 20 years.
"Morocco offers a stable and
inviting environment for global investors," said Philip White, president and CEO, Sotheby's
International Realty. "The country attracts interest from
Americans, Middle Easterners, and investors due to its proximity to
Western Europe and Marrakech is a
promising international city with a growing high-end segment. I am
encouraged by our continued expansion and greatly look forward to
supporting the Morocco Sotheby's International Realty
team."
"Morocco has something for
every buyer," said Chicard. "The region offers a cost-effective
alternative to Europe and
possesses a variety of highly coveted properties that suit buyer
interests including villas for those looking to align their living
situations with golf and riads located in the historic heart of the
city. My industry experience and our affiliation with Sotheby's
International Realty further enables us to grow our business in the
country, and on a global scale, while catering to the needs of our
buyers and sellers."
Chicard also successfully owns and operates three Sotheby's
International Realty® affiliated offices in
Belgium, which have been operating
since 2014 and generated a total sales volume of US$226M in
2020.
The Sotheby's International Realty® network currently has more
than 24,000 affiliated independent sales associates located in
approximately 1,000 offices in 75 countries and territories
worldwide. Morocco Sotheby's International Realty listings are
marketed on the sothebysrealty.com global website. In addition to
the referral opportunities and widened exposure generated from this
source, the firm's brokers and clients will benefit from an
association with Sotheby's auction house and worldwide Sotheby's
International Realty marketing programs. Each office is
independently owned and operated.
Sotheby's International Realty
Sotheby's International Realty was founded in 1976 as a real
estate service for discerning clients of Sotheby's auction house.
Today, the company's global footprint spans approximately 1,000
offices located in 75 countries and territories worldwide,
including 45 company-owned brokerage offices in key metropolitan
and resort markets. In February 2004,
Realogy entered a long-term strategic alliance with Sotheby's, the
operator of the auction house. The agreement provided for the
licensing of Sotheby's International Realty name and the
development of a franchise system. The franchise system is
comprised of an affiliate network, where each office is
independently owned and operated. Sotheby's International Realty
supports its affiliates and agents with a host of operational,
marketing, recruiting, educational and business development
resources. Affiliates and agents also benefit from an association
with the venerable Sotheby's auction house, established in 1744.
For more information, visit www.sothebysrealty.com.
The affiliate network is operated by Sotheby's International
Realty Affiliates LLC, and the company owned brokerages are
operated by Sotheby's International Realty, Inc. Both
entities are subsidiaries of Realogy Holdings Corp. (NYSE: RLGY) a
global leader in real estate franchising and provider of real
estate brokerage, relocation and settlement services. Both
Sotheby's International Realty Affiliates LLC and Sotheby's
International Realty, Inc. fully support the principles of the Fair
Housing Act and the Equal Opportunity Act.
Contact: Melissa Couch
Senior Manager, Public Relations & Communications,
Sotheby's International Realty Affiliates LLC.
O: 973.407.6142
E: melissa.couch@sothebys.realty
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SOURCE Sotheby's International Realty