March 23 (SeeNews) - Sotheby's International Realty Affiliates LLC said on Thursday it is entering Croatia and expanding its presence in Eastern Europe by opening an office in the coastal town of Split, after signing a 25-year franchise agreement with local Porta Stella-Luxury Real Estate.
Croatia Sotheby's International Realty will serve the luxury residential real estate market throughout Croatia, the company said in a statement published with PR Newswire Europe.
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The company has plans for additional offices in Dubrovnik and other key Croatian luxury real estate markets including the Peninsula of Istria, it noted.
"Croatia has a growing luxury real estate market and it was the right time for our brand to have a presence within the country," said Philip White, president and chief executive officer of Sotheby's International Realty Affiliates LLC. "For those seeking the waterfront lifestyle, Croatia has an impressive coastline along the Adriatic Sea with beautiful beaches, historic ports and idyllic islands. I am proud to welcome Croatia Sotheby's International Realty to the Sotheby's International Realty network."
The Sotheby's International Realty network currently has more than 20,000 affiliated independent sales associates located in approximately 880 offices in 66 countries and territories worldwide.
Sotheby's International Realty Affiliates LLC is a subsidiary of Realogy Holdings Corp. (NYSE: RLGY), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services.