MADISON, N.J. and MADRID, Oct. 18, 2018 /PRNewswire/ — Sotheby’s International Realty Affiliates LLC today announced its expanding presence in Spain with the opening of Madrid Sotheby’s International Realty.

Located in the capital city of Madrid, the firm is owned by Paul and Susie Kempe, who also own Mallorca Sotheby’s International Realty, Menorca Sotheby’s International Realty, and Ibiza Sotheby’s International Realty.  Juan Luis Sáez, a Madrid native formerly with ONE Sotheby’s International Realty in Miami, Florida, will serve as director of Madrid Sotheby’s International Realty. 

"As a key international business hub and one of Europe’s largest cities, it is important for the Sotheby’s International Realty® brand to have a strategic presence in Madrid," said Philip White, president and chief executive officer of Sotheby’s International Realty Affiliates LLC.  "Paul Kempe and his team have built strong, multilingual offices across Spain’s Balearic Islands with great success and we are proud to support their growth into Madrid."

Madrid Sotheby’s International Realty will serve the luxury residential real estate markets in the greater metropolitan area as well as in Aravaca, Pozuelo, Las Rozas, Majadahonda, Madrid City, Mirasierra, and Puerta de Hierro.

"Madrid is a vibrant and cultured city and at Madrid Sotheby’s International Realty we are dedicated to honoring all the city has to offer by providing our clients with an attentive, high-quality experience to fulfill their lifestyle and real estate goals," said P. Kempe.  "Our affiliation with the Sotheby’s International Realty brand, along with our investment in creating long-lasting relationships with our clients, has afforded us the opportunity for successful expansion throughout Spain."

With this addition, the Sotheby’s International Realty brand now has 14 independently owned and operated offices throughout Spain.

The Sotheby’s International Realty network currently has more than 22,000 affiliated independent sales associates located in over 960 offices in 72 countries and territories worldwide.  In 2017, the brand achieved a record global sales volume of $108 billion USD.  Madrid Sotheby’s International Realty listings will be 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 the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs.  Each office is independently owned and operated.

About Sotheby’s International Realty Affiliates LLC
Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the Sotheby’s International Realty network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. Sotheby’s International Realty Affiliates LLC is a subsidiary of Realogy Holdings Corp. (NYSE: RLGY), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services.  In February 2004, Realogy entered into 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 full franchise system. Affiliations in the system are granted only to brokerages and individuals meeting strict qualifications. Sotheby’s International Realty Affiliates LLC supports its affiliates with a host of operational, marketing, recruiting, educational and business development resources. Franchise affiliates also benefit from an association with the venerable Sotheby’s auction house, established in 1744. For more information, visit www.sothebysrealty.com.  © 2018 Sotheby’s International Realty Affiliates LLC. All rights reserved. Sotheby’s International Realty^® and the Sotheby’s International Realty Logo are service marks licensed to Sotheby’s International Realty Affiliates LLC and used with permission. Sotheby’s International Realty Affiliates LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated.

SOURCE Sotheby’s International Realty Affiliates LLC