The Sothebys brand is truly remarkable. During trying times that the global economy experienced and in many places still is experiencing, Sothebys continues to push the envelope and go above and beyond expectations and the platforms set by other firms. In order to ensure that the business is able to bring our white glove service to as many individuals as possible, recent times have seen us expand to Saudi Arabia, Bahrain, Kuwait, Dubai, Victoria in Australia, Sydney in Australia, the Philippines, Malta, the Dominican Republic,Lithuania, Puerto Rico, Israel, Asia,Mexico, and Italy.
It has now just been announced that Sothebys International Realty Affiliates LLC has signed a 25-year master franchise agreement with Global Realty Enterprises, S.A. to open Panama Sothebys International Realty. To have its flagship office in Panama City, owner Rafael Alejandro Gangi was also the founder of the ever so successful Global Realty Enterprises for years. This firm, which will now operate under the aforementioned Panama Sothebys International Realty, specializes in the mountain, beach, golf, and metropolitan areas of Panama. Mr. Gangi himself came forward to report on this exciting news and stated, Our philosophy is based on an integrated vision of excellence and professionalism in our services. We believe that the global reach of the Sothebys International Realty brand will help us showcase the fine property we represent to a broad base of consumers worldwide.
After so many breakthroughs into various areas around the globe over the past year, it is with great optimism that we can confidently say we are still headed in the right direction at a rampant pace. Philip White, the President and Chief Executive Officer at Sothebys International Realty Affiliates LLC, noted that this entry into Panama serves as an important target market for the brand, Panama is a strategically important market for the Sothebys International Realty brand. The real estate market is very dynamic and represents another key step forward in our growth in Latin America. Panama is competitive in the tourism sector and is ranked second in per capita foreign investment in Latin America. We are proud to enter this beautiful country under Rafael Alejandro Gangis established leadership.
The brand has now already expanded our reach to have 14,000 sales associates located in roughly 680 offices within 49 countries and territories worldwide. Not only do we congratulate the efforts taken by the brand and Mr. Gangi and his team, but it also is with immense excitement that we at Gibson Sothebys International Realty can now look forward to working with this newest member of the Sothebys family for years to come.
More Information: Sotheby's International Realty