PARSIPPANY, NJ and LONDON–(March 10, 2010) – Sotheby’s International Realty Affiliates LLC today announced the signing of an exclusive 25-year licensing agreement for the United Kingdom with Countrywide, the U.K.’s largest estate agency and property services group.
Under the agreement, Countrywide has the exclusive license to the Sotheby’s International Realty® brand across the United Kingdom and Channel Islands. Countrywide will create a new subsidiary called United Kingdom Sotheby’s International Realty to operate its new luxury brokerage business in those regions. As part of the transaction, Countrywide acquired the Sotheby’s International Realty – London office in Mayfair, previously owned and managed by NRT LLC, the largest owner and operator of real estate brokerages in the United States. The office will be renamed London Sotheby’s International Realty.



