Sotheby's International Realty Opens in Anguilla

Rhea-AI Summary

Sotheby's International Realty (HOUS) expands into Anguilla with the opening of Anguilla Sotheby's International Realty, marking the brand's 31st office in the Caribbean. The new office is owned by Lesley Reed and Harrison Drouin-Reed, experienced real estate professionals. The move comes as the luxury residential market in Anguilla is set to expand due to upcoming infrastructure developments, attracting a wide variety of buyers, including expatriates, high-net-worth individuals, and foreign investors.

NEW YORK, Jan. 3, 2024 /PRNewswire/ -- Sotheby's International Realty today announced the opening of Anguilla Sotheby's International Realty. The addition marks the brand's continued growth in the Caribbean and its 31^st office in the region.

Anguilla Sotheby's International Realty, based on the West End, will serve the entire island and is owned by Lesley Reed and Harrison Drouin-Reed who have a combined 40 plus years of real estate experience. Reed and Drouin-Reed also lead St. Martin Sotheby's International Realty, the premier real estate, vacation rental, and property management firm on the island of St. Martin/St. Maarten.

"Anguilla has a thriving luxury residential market with beachfront, hillside, and cliffside properties, offering a unique lifestyle, rich culture, sub-tropical climate, and world class beaches," said Philip White, president and CEO, Sotheby's International Realty. "The island attracts a wide variety of buyers, including expatriates, high-net-worth individuals, and foreign investors due to the region's tax laws. Lesley and Harrison have a strong understanding of the market and we are proud to have them represent the brand in Anguilla."

"The timing is perfect for Sotheby's International Realty to be entering Anguilla," said Reed. "The market is set to expand with the upcoming private jet terminal, the marina, and the new ferry terminal plus the airport is also accommodating commercial international flights. We are optimistic that the Anguillan real estate market is poised for success."

The Sotheby's International Realty® network currently has more than 26,500 affiliated independent sales associates located in more than 1,100 offices in 83 countries and territories worldwide. Anguilla Sotheby's International Realty listings are marketed on the sothebysrealty.com global website. In addition to the referral opportunities and widened exposure generated from this source, the firm's brokers and clients will benefit from an association with Sotheby's auction house and worldwide Sotheby's International Realty marketing programs. Each office is independently owned and operated.

Sotheby's International Realty

Sotheby's International Realty was founded in 1976 as a real estate service for discerning clients of Sotheby's auction house. Today, the company's global footprint spans more than 1,100 offices located in 83 countries and territories worldwide, including 48 company-owned brokerage offices in key metropolitan and resort markets. In February 2004, Anywhere Real Estate Inc. entered a long-term strategic alliance with Sotheby's, the operator of the auction house. The agreement provided for the licensing of the Sotheby's International Realty name and the development of a franchise system. The franchise system is comprised of an affiliate network, where each office is independently owned and operated. Sotheby's International Realty supports its affiliates and agents with a host of operational, marketing, recruiting, educational and business development resources. Affiliates and agents also benefit from an association with the venerable Sotheby's auction house, established in 1744. For more information, visit www.sothebysrealty.com.

The affiliate network is operated by Sotheby's International Realty Affiliates LLC, and the company owned brokerages are operated by Sotheby's International Realty, Inc. Both entities are subsidiaries of Anywhere Real Estate Inc. (NYSE: HOUS) a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services. Both Sotheby's International Realty Affiliates LLC and Sotheby's International Realty, Inc. fully support the principles of the Fair Housing Act and the Equal Opportunity Act.

CONTACT 
Melissa Couch 
Senior Manager, Public Relations & Communications 
Sotheby's International Realty 
973-407-6142 
melissa.couch@sothebys.realty 

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SOURCE Sotheby's International Realty

FAQ

Who owns Anguilla Sotheby's International Realty and how many offices does Sotheby's International Realty have in the Caribbean?

Anguilla Sotheby's International Realty is owned by Lesley Reed and Harrison Drouin-Reed. Sotheby's International Realty has 31 offices in the Caribbean.

What is the potential market for Anguilla Sotheby's International Realty?

The luxury residential market in Anguilla is set to expand due to upcoming private jet terminal, marina, ferry terminal, and commercial international flights, attracting a wide variety of buyers.

How many affiliated independent sales associates does Sotheby's International Realty have?

Sotheby's International Realty has more than 26,500 affiliated independent sales associates.

What is the global footprint of Sotheby's International Realty?

Sotheby's International Realty has more than 1,100 offices located in 83 countries and territories worldwide.

What is the history of Sotheby's International Realty?

Sotheby's International Realty was founded in 1976 as a real estate service for clients of Sotheby's auction house. It has a global footprint spanning more than 1,100 offices in 83 countries and territories worldwide.