Emaar Properties has signed an agreement with
Countrywide to expand Hamptons International.
Under the terms of
the deal, Emaar will continue to operate Hamptons
International in the Middle East and North Africa (MENA) region
where it has existing or prospective businesses, while Countrywide
will own the rights to operate Hamptons International business in
the UK, Europe and Asia.
Mr. Grenville Turner, Group
Chief Executive, Countrywide, said, “We identified that Hamptons
International offers a key growth opportunity, both in the UK and
internationally. Hamptons International will continue to operate
as a business in its own right and will join a network of 1,200
offices and 43 leading brands, which includes John D Wood & Co and
Sotheby’s International Realty. This will enable Countrywide to
extend its market coverage and support our plans to capitalise on
the opportunities in the prestigious high-end property sector.”
The offices of Hamptons International offer the complete
bandwidth of services such as residential property sales,
residential and commercial leasing and property management, and
services such as valuations, research and feasibility studies, and
an independent mortgage consultancy.
Countrywide is one of the
UK's largest estate agency and property services groups, offering
an extensive portfolio of integrated property services, which
includes estate agency, lettings, mortgage and insurance services,
land and new homes, franchising, auctions, surveying, conveyancing
and corporate property management services.
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