The British multinational corporation headquartered in New York and the world famous auction house Sotheby's International Realty Affiliates LLC has signed a 25-year franchise agreement with the Croatian company Porta Stella-Luxury Real Estate Ltd and opened its office in Split.
The global network for trading in luxury properties selected the city of Split as its headquarters due to the focus of potential clients on properties located in coastal areas of Croatia.
The head of the Croatian Sotheby's branch will be Marko Pazanin, the owner of the Porta Stella Luxury Estate company.
"The fact that Sotheby's has chosen Croatia to expand its network of real estate offices is just a confirmation of our country's international reputation. Our goal is to bring to Croatia as many potential buyers as possible as well as to encourage potential investors to make investments here," explained Pazanin.
Furthermore, Philip White, the president and CEO of Sotheby’s International Realty Affiliates LLC commented, ’Due to the development of the luxury properties market in Croatia, we have recognized the right moment to open our first office. This beautiful Croatia’s coast and its islands offer a life by the sea in large coastal cities that fits perfectly into our vision of the development of the brand. It is my great honour and pleasure to welcome Croatia Sotheby’s International Realty in our network of agencies for luxury real estate business’’, concluded White.
It is highly likely that many luxury properties will soon find their place on the pages of Sotheby’s partner publications such as The New York Times, Wall Street Journal, South China Morning Post and Bloomberg as well as in the Art & Home magazine or on Apple TV.
Sotheby’s International Realty operates worldwide with around 20,000 associates through 850 offices in 65 countries and territories.