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Coldwell Banker Announces New Master Franchisor in France - Coldwell Banker announces new master franchisor, Coldwell Banker also will expand brand into Monaco
Coldwell Banker Announces New Master Franchisor in France

 

PRZOOM - /newswire/ - Parsippany, NJ, United States, 2010/06/28 - Coldwell Banker announces new master franchisor, Coldwell Banker also will expand brand into Monaco.

   
 
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Coldwell Banker Real Estate, LLC today announced the signing of a master franchise agreement with Demeure S.A. to expand the Coldwell Banker brand in France and into Monaco. With the addition of Monaco, the Coldwell Banker network now extends to 50 countries and territories worldwide on a combined basis.

Led by Laurent Demeure, president and chief executive officer, Coldwell Banker France and Monaco is based in Paris. Previously known as Demeure Immobilier with a luxury homes department Demeure Prestige, Demeure S.A. was founded in 1920. The group played a major role in the development of real estate in France, notably with the creation of one of France's premier networks of estate agents.

"We are thrilled that Laurent and his talented team have joined the Coldwell Banker system to give us a renewed presence in France, "said Jim Gillespie, chief executive officer of Coldwell Banker Real Estate LLC. "Obviously gaining a presence in Monaco, one of the world's most desired destinations, is a major addition to Coldwell Banker Previews International, our luxury marketing division that caters to the affluent. We believe Laurent's firm aligns very well with the Coldwell Banker brand, combining a rich history with outtsanding core values."

"We think the Coldwell Banker brand has great potential for growth in France and Monaco," said Demeure. "The France and Monaco property market is holding steady, despite the recent economic crisis. In France, relatively low home prices, culture and 'love for all things French' continue to drive interest from foreign investors while Monaco obviously attracts interest from the affluent around the globe."

"We are very enthusiastic to further develop the Coldwell Banker brand in France and enter a new market in Monaco. We believe that because we are in the same business as our potential franchisees this will allow us to develop unparalleled business relationships with partners that understand each other's needs and expectations. All the team is highly motivated in making the Coldwell Banker system a highly innovative and highly consumer focused brand in the two countries and becoming the leader in the luxury properties market through Coldwell Banker Previews International.

About Coldwell Banker®

Since 1906, the Coldwell Banker® organization has been a premier provider of full-service residential and commercial real estate. Coldwell Banker (coldwellbanker.com) is the oldest national real estate brand in the United States and today has a network of more than 98,000 agents working in more than 3,600 offices in 49 countries and territories. The Coldwell Banker brand is known for creating innovative consumer services as recently seen by being the first national real estate brand to augment its website for smart phones, the first to create an iPhone application featuring international listings and the first to fully harness the power of video in real estate listings, news and information through its Coldwell Banker On LocationSM YouTube channel. The Coldwell Banker system is a leader in specialty markets such as resort, new homes and luxury properties through its Coldwell Banker Previews International® marketing program.

 
 
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Agency / Source: Coldwell Banker Real Estate, LLC

 
 

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Coldwell Banker Announces New Master Franchisor in France

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Contact: Press Office - ColdwellBanker.com 
847-313-6500 pr[.]coldwellbanker.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Coldwell Banker Real Estate, LLC securities in any jurisdiction including any other companies listed or named in this release.

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