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Turks and Caicos Sotheby’s International Realty Merges with Connolly Zahm Properties Ltd

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RISMEDIA, June 24, 2009-Turks and Caicos Sotheby’s International Realty announced it has merged with Connolly Zahm Properties Ltd. (CZP) to form the Turks & Caicos’s most dynamic luxury real estate company. The combined firm will operate as Turks and Caicos Sotheby’s International Realty.

CZP, which recently celebrated its tenth anniversary, is a market leader in the expanding Turks and Caicos Islands (TCI) luxury condominium sector, posting sales volume in excess of $400 million since its inception. Its CZP Collection has become highly respected in the TCI, and has included properties such as The Villas and Estate at the renowned Grace Bay Club, Seven Stars, West Bay Club, Villa Renaissance, Le Vele, West Bay Club, and Gansevoort, as well as HAB Group’s newly-launched property, The Vellagio.

“The merger of these two fine firms creates one of the most dynamic and successful luxury real estate companies in the Caribbean,” said Michael R. Good, president and chief executive officer, Sotheby’s International Realty Affiliates LLC. “The Turks and Caicos market is a significant attraction for the Sotheby’s International Realty® clientele, and I am very excited about how this newly-created organization will be able to serve them even more effectively.”

New Turks & Caicos Sotheby’s International Realty’s president and broker Joe Zahm explains, “CZP has had a great run over the past decade, and in looking forward we felt our clients would benefit from the iconic Sotheby’s International Realty brand, which in the Turks and Caicos has had a wonderfully diverse portfolio, including land and villas throughout the archipelago.”

“The Sotheby’s International Realty brand really is commensurate with the caliber of world-class properties we represent,” adds vice president Nina Siegenthaler-Borges. “And we’re confident its international reach and unparalleled marketing support will optimize our success in a great long-term market.”

The Turks & Caicos Sotheby International Realty’s flagship office, designed by SWA, is located at Venture House on the prestigious Grace Bay strip at the corner of Grace Bay Road and Ventura Boulevard. Enter the classic Bermudian-style building and the 20′-high vaulted ceiling creates an airy space that welcomes prospective buyers, while more intimate conference rooms allow for thoughtful client development. Turks & Caicos Sotheby’s International Realty will also maintain onsite offices at the acclaimed Grace Bay Club and Seven Stars.

For more information, visit www.turksandcaicossothebys.com

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