SOURCE: Sotheby's International Realty

Sotheby's International Realty

December 02, 2010 09:00 ET

Sotheby's International Realty Brand Enters Turkey

PARSIPPANY, NJ and ISTANBUL, TURKEY--(Marketwire - December 2, 2010) -  Sotheby's International Realty Affiliates LLC today announced the opening of Turkey Sotheby's International Realty in Istanbul.

The firm, owned by Emin Hitay, will first serve the Istanbul market. Hitay's firm has an exclusive 25-year master franchise agreement with Sotheby's International Realty for Turkey and plans to open additional offices in key markets across that country over the next several years.

"Turkey is a critical part of our growth plan as it represents an important gateway between Europe and the Middle East," said Michael R. Good, chief executive officer, Sotheby's International Realty Affiliates LLC. "Istanbul is a melting pot of cultures that continues to expand dramatically, with a population of more than 13 million spread over the European and Asian sides of the Bosphorus. I am confident that under Emin Hitay's leadership, the company will bring quality service to Sotheby's International Realty clients worldwide."

Hitay believes the new company fulfills Turkey's need for a strong global real estate presence. "Turkey Sotheby's International Realty will open a new door in Turkey's global luxury real estate market," said Hitay. "A luxury real estate brokerage company with a strong international network of hundreds of offices and thousands of sales professionals worldwide is unprecedented here. This exclusive network allows us to ensure customer satisfaction by assisting each client in marketing their properties at both the local and global levels using state-of-art technologies, innovative ideas and exceptional personal service by our internationally trained staff." 

The Sotheby's International Realty® network currently has more than 11,000 sales associates located in approximately 500 offices in 42 countries and territories worldwide. Turkey Sotheby's International Realty listings will be 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 the Sotheby's auction house and worldwide Sotheby's International Realty marketing programs.

About Sotheby's International Realty Affiliates LLC
Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the Sotheby's International Realty network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. In February 2004, Realogy Corporation, a global provider of real estate and relocation services, 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 full franchise system by Realogy's subsidiary, Sotheby's International Realty Affiliates LLC. Affiliations in the system are granted only to brokerages and individuals meeting strict qualifications. Sotheby's International Realty Affiliates LLC supports its affiliates with a host of operational, marketing, recruiting, educational and business development resources. Franchise affiliates also benefit from an association with the venerable Sotheby's auction house, established in 1744. For more information, visit www.sothebysrealty.com.

Contact Information

  • CONTACT

    David Russell
    Director, International Marketing and Public Relations
    Sotheby's International Realty Affiliates LLC
    Thorpe Hall
    Fylingthorpe
    YO22 4TT
    United Kingdom
    + (44) 208 123 1985
    Email Contact

    Arman Ozver
    General Manager
    Turkey Sotheby's International Realty
    Valikonagı Cad.
    18/1 Nisantası 34367
    Istanbul, Turkey
    +(90) 530 293 3535
    Email Contact