Town Residential

Town forms strategic alliance with London brokerage Chestertons UK firm has offices in Dubai, Abu Dhabi and Qatar

Andrew Heiberger, Neville Page a上海千花网论坛

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nd a Chestertons in London (Credit: LinkedIn and Chestertons)

London s calling. Town Residential has struck up an international partnership with Chestertons, a London-based real estate brokerage with connections to the Middle East 上海贵族宝贝论坛

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market, the firms said.

The deal, the latest in a series of commission-sharing international “strategic alliances” rolled out by the big Manhattan brokerages, is designed to give Town’s listings exposure in the European and Middle East markets. In return, it will market Chestertons’ properties to an Ameri爱上海龙凤419桑拿

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can audience.

Chestertons is one of the U.K.’s oldest firms, dating back to 1805, and is majority owned by Mercantile Group, an investment firm led by Libya-born investor Salah Mussa. The company has 32 fully-owned offices in the U.K. and three in the Middle East in Dubai, Abu Dhabi and Qatar but has an international presence of 70 offices, through franchises and joint venture agreements, it said.

Neville Page, Chestertons’ director of international, said the firm had been trying to make a push into the U.S. for several ye爱上海同城手机版

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ars.

“Recent analysis of our website reinforced this by revealing that 29 percent of international visitors came from the U.S.,” he said.

Town CEO Andrew Heiberger noted that the deal is the second such partnership for his company, which already has an alliance with Miami-based Fortune International Group dating back to 2015.

Other New York firms have been following similar strategies. For its part, Douglas Elliman has a relationship with Knight Frank Residential, a global brokerage headquartered in London. The Corcoran Group also has a relationship with Monaco-base新爱上海同城对对碰论坛

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d John Taylor. It remains to be seen whether those alliances have actually resulted in an increase in sales, The Real Deal reported last year.

Tags: Andrew Heiberger, Residential Real Estate, town residential
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