Industry News

Sotheby’s moves into New Zealand

Company awards master franchise rights to Queenstown firm

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Sotheby's International Realty Affiliates has expanded its luxury real estate network to New Zealand by awarding the exclusive master franchise rights for the country, the company said today. The rights were awarded to Browns Real Estate, which will now do business as Browns Sotheby's International Realty and be the only firm located in New Zealand to offer Sotheby's International Realty luxury realty services. Browns Sotheby's International Realty is located in Queenstown, New Zealand, a mecca for outdoor activities that has developed into an internationally renowned tourist destination, Sotheby's said. The firm has a development plan to expand to other parts of the country and market their clients' properties to national and international real estate buyers. Julian Brown of Browns Sotheby's International Realty, said, "The increased globalization of the real estate industry makes it a logical and pragmatic decision to affiliate with this powerful, world-renowned luxury real estate ...