Greece Sotheby's International Realty Launches

Regency Real Estate, has today announced that its residential real estate services division will henceforth trade as Greece Sotheby’s International Realty following its negotiation of exclusive rights to become the Sotheby’s International Realty affiliate throughout Greece. Regency Real Estate is a subsidiary of First Mediterranean Investments (FMI), a holding company with commercial interests in South Eastern Europe spanning real estate, hospitality and energy.

The new company hopes to bring the Greek real estate market a combination of intimate local knowledge and expertise with a renowned global sales and marketing network capable of connecting sellers of high end residential real estate with an international community of potential buyers. The Athens-based team of real estate professionals is led by Constantinos Kaliakatsos, chief executive officer of Greece Sotheby’s International Realty and Aggeliki Liakos is the firm’s chief operating officer. George Koukouzelis is chief executive officer of FMI.

Founded in 1975, the Sotheby’s International Realty network has more than 9,000 sales associates located in more than 470 offices in the U.S. and 29 other countries and territories.

Michael R. Good, president and chief executive officer of Sotheby’s International Realty Affiliates LLC, said: ‘Greece has always been an important target market for us. Through Its rich cultural and historic value, great climate and a unique geography on the threshold of Europe, North Africa and West Asia, Greece offers great investment opportunities for buyers across the world. We are delighted that FMI which has had commercial interests in this region for over 30 years has joined our network of affiliates’.

According to Felix Bitzios, COO of FMI: ‘The Greek market has been supported by very limited international quality real estate services that properly address the needs of clients who are Page 2 seeking buyers of the finest real estate available either for owner-occupancy or secure investment.

The Sotheby’s brand will provide Greece’s upper residential market sector with undisputed prestige, market presence and service excellence. We commence our work with a wide range of mainland and island properties for sale and will be actively marketing these to both local and overseas buyers.’

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