Ensure you never miss an issue of the
real estate business bulletin
Sotheby's launches Australian real estate business

Sotheby's launches Australian real estate business

by Reporter 0 comments

Simon Parker

Sotheby’s International Realty Affiliates will open its first Australian franchise office in September, in Sydney’s eastern suburbs, targeting owners of high-end luxury properties in NSW and the ACT.

The new office, which is the form of an exclusive 25-year master franchise agreement with former principal and the licensee of Raine and Horne Double Bay, Michael Pallier, will be the first of more to come in Australia, the company said.

“Sydney is a strategically important market for the brand and this signing represents a key step forward in our overall growth plans across Australia,” said Michael R. Good, chief executive officer, Sotheby’s International Realty Affiliates LLC.

“Michael Pallier has built a team of seasoned executives with talent and expertise. Under his leadership, we are confident that Sydney Sotheby’s International Realty will bring quality service to clients in Australia and worldwide.”

The firm said it will operate as Sydney Sotheby’s International Realty, with Mr Pallier serving as owner and managing director of the company.

The company said the new Sydney Sotheby’s International Realty offices will focus exclusively on luxury homes, apartments and high-quality farm, ranch and land markets in NSW and the ACT.

Additional offices are planned to open in Sydney’s north shore and the city’s CBD between 2013 and 2015.

“Sydney Sotheby’s International Realty will provide owners of high-end luxury properties in New South Wales and the Australian Capital Territory the best tools to attract premium buyers from around the world and showcase their properties to a global audience,” said Mr Pallier.

“Clients of Sydney Sotheby’s International Realty will have the ability to bring the world to their home. We strive to provide the very best in service and marketing for our clients, and we look forward to doing that with the Sotheby’s International Realty brand’s access to exceptional properties and exceptional people.”

The Sotheby’s International Realty network currently has more than 12,000 sales associates located in approximately 625 offices in 44 countries and territories worldwide.

le>.b-autolinks{text-decoration:underline}.b-autolinkshadowbox { display: inline; position: relative; cursor: pointer; color: #428bca;} .b-autolinkshadowbox:hover > span { display: block !important; } .b-autolinkshadowbox__links { white-space: nowrap; z-index: 999; display: none; left: 0; border: 1px solid #bfbfbf; border-radius: 5px; font-size: 12px; top: 12px;color: #000; padding: 10px; position: absolute; background-color: #FFF; box-shadow: 0px 0px 20px 1px #bfbfbf; } .b-autolinkshadowbox__links > a { display: block; padding: 3px 0; }
Sotheby's launches Australian real estate business
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
An industry where the resilient succeeds

Tim Heavyside believes that a strong support team and good foundations are paramount to success in the real estate industry, and with regu...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?