Sotheby’s International Realty Affiliates LLC recently announced it has expanded its presence in Australia with the signing of an exclusive 25-year master franchise agreement with Melbourne SR Pty Ltd to develop the Sotheby’s International Realty® brand in Australia’s Victorian market.
The firm will operate as Melbourne Sotheby’s International Realty, with David Colbran, one of the firm’s owners, serving as the managing broker. The firm’s other co-owners, Gary Singer and Geoffrey Smith, are also licensees of the Sotheby’s auction house for Australia. Melbourne Sotheby’s International Realty is located at 14 Wallace Avenue in Toorak, one of Melbourne’s most exclusive residential locations, with additional offices planned to open over the next year.
“Victoria is a key market to advance our growth in Australia,” says Philip White, president and chief executive officer, Sotheby’s International Realty Affiliates LLC. “Known for its grand tree-lined boulevards, Victorian architecture, world-renowned parks and gardens and steeped sense of history, Victoria has some of the finest luxury real estate available. We are proud to bring the Sotheby’s International Realty network’s quality services to this strategically important market.”
Previously, the brand entered Australia in 2012 with the opening of Sydney Sotheby’s International Realty, owned by Michael Pallier and located at Level 3, 45-51 Cross Street, Double Bay in Sydney.
“Our team at Melbourne Sotheby’s International Realty brings together more than a hundred years of combined experience in the prestige Victorian market,” says Colbran. “We are honored and excited to provide the full resources of the Sotheby’s International Realty global network to our buyers and sellers.”
For more information, visit www.sothebysrealty.com.