Sotheby’s International Realty opens its first office in Morocco
NEW YORK, September 28, 2021 / PRNewswire / – Sotheby’s International Realty today announced the opening of Morocco Sotheby’s International Realty, signifying the brand’s first office in North Africa. This addition brings the total number of affiliate offices of the brand 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 serve the surrounding region, with future expansion plans in Essaouira, Tangier and Rabat. The office will be headed by Nicolas Beguin, who has lived in Morocco for almost 20 years.
“Morocco provides a stable and welcoming environment for global investors, ”said Philippe Blanc, President and CEO, Sotheby’s International Realty. “The country is attracting the interest of Americans, Middle Easterners and investors because of 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 look forward to supporting the team at Morocco Sotheby’s International Realty. ”
“Morocco has something for every buyer, ”Chicard said. “The region offers a profitable alternative to Europe and has a variety of highly coveted properties that cater to the interests of buyers, including villas for those looking to align their lives with golf and riads located in the historic heart of the city. My industry experience and our affiliation with Sotheby’s International Realty further allow us to grow our business domestically and globally, while meeting the needs of our buyers and sellers. “
Chicard also owns and operates successfully three companies Sotheby’s International Realty® offices affiliated with Belgium, which have been operating since 2014 and generated a total sales volume of US $ 226 million in 2020.
The Sotheby’s International Realty® network currently has more than 24,000 affiliated independent sellers in approximately 1,000 offices in 75 countries and territories around the world. Morocco Sotheby’s International Realty listings are marketed on the global sothebysrealty.com website. In addition to the referral opportunities and the expanded exposure generated by this source, the company’s brokers and clients will benefit from an association with Sotheby’s auction house and Sotheby’s International Realty’s global 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 the Sotheby’s auction house. Today, the company’s global footprint spans approximately 1,000 offices located in 75 countries and territories around the world, including 45 company-owned brokerage offices in major metro and resort markets. In February 2004, Realogy has entered into a long-term strategic alliance with Sotheby’s, the operator of the auction house. The agreement provided for the licensing of the Sotheby’s International Realty name and the development of a franchise system. The franchise system is made up of an affiliate network, where each office is independently owned and operated. Sotheby’s International Realty supports its affiliates and agents with a multitude of operational, marketing, recruiting, training and business development resources. Affiliates and agents also benefit from an association with the venerable Sotheby’s auction house, founded in 1744. For more information, visit www.sothebysrealty.com.
The affiliate network is operated by Sotheby’s International Realty Affiliates LLC, and brokerage firms owned by the company 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, moving and establishment services. 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 sofa
Senior Director, Public Relations and Communications,
Sotheby’s International Realty Affiliates LLC.
E: [email protected]
SOURCE Sotheby’s International Realty