Sotheby's International Realty has opened its first office in the Philippines as part of its ongoing expansion in Southeast Asia.
Under a 25-year master franchise agreement, Philippine Sotheby's International Realty will build a network of real estate affiliates to sell luxury homes, apartments, retirement properties, prime resorts and vacation residences.
Philip Mareschal serves as its chief executive officer headquartered at Bonifacio Global City, Taguig. An additional office is planned to open in Cebu, Visayas, later this year.
Mareschal mentioned that the luxury real estate in the Philippines is a growing niche market. Spotting the opportunity, he said Sotheby`s plans to bridge local and foreign clients.
"Our agents devote themselves to providing invaluable local knowledge and service on an international scale while offering our clients exceptional service by bringing the world to their home, paying attention to the details and understanding their needs, all with the goal of making their real estate transaction more enjoyable and worry free."
The company is the luxury real estate brokerage agency of Sotheby`s, the world's fourth oldest auction house base in the United States. It currently has more than 13,000 sales associates located in 660 offices in 49 countries worldwide.