Sotheby’s International Realty Network Expands to Portugal

RISMEDIA, Oct. 10, 2007-Sotheby’s International Realty Affiliates LLC announced it has expanded its global real estate network to Portugal with the addition of Portugal Sotheby’s International Realty.

The firm, based in Estoril, Portugal, is run by Tiago Queiroga, managing director, and will serve clients in the country’s Cascais, Estoril, Lisboa, Oeiras and Sintra regions.

“Portugal has a growing real estate market and we are excited to expand to this beautiful and historic country,” said Michael R. Good, president and chief executive officer, Sotheby’s International Realty Affiliates LLC. “We proudly welcome Tiago Queiroga and his team to our brand network.”

Queiroga believes his affiliation with the Sotheby’s International Realty network provides an immediate competitive advantage for his firm. “The Sotheby’s International Realty brand is known throughout the world for its excellence and commitment to providing an unmatched level of client service,” said Queiroga. “We are honored and excited to be associated with such an industry leader.”

The firm will host a launch event today at the United States Embassy in Portugal’s capital city of Lisbon. Joining Tiago Queiroga for the highly anticipated event will be Michael R. Good and Alfred Hoffman Jr., U.S. Ambassador to Portugal.

The Sotheby’s International Realty network has more than 8,000 sales associates located in more than 400 offices in the United States and 27 other countries and territories. Portugal Sotheby’s International Realty listings will be marketed on the sothebysrealty.com global Web site. In addition to the referral opportunities and great exposure generated from these sources, the firm will benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs.

For more information, visit www.sothebysrealty.com.