The company specializing in luxury real estate has just opened an office in Marrakech. Morocco thus becomes the first country of presence of Sotheby’s International Realty in North Africa.
Sotheby’s International Realty sets its suitcases in Morocco. The group announced on September 28 the opening of a Sotheby’s International Realty agency in Marrakech to offer its luxury real estate services to clients in the Kingdom. Morocco thus becomes the first country of presence of Sotheby’s International Realty in North Africa. “The Moroccan office of Sotheby’s International Realty will be headed by Nicolas Beguin, who has lived in Morocco for almost 20 years. It will cover the high-end residential real estate market in the city of Ocher, with future expansion plans in Essaouira, Tangier and Rabat,” said top management.
For Philip White, President and CEO of Sotheby’s International Realty, Morocco offers a stable and welcoming environment for international investors, and Marrakech is a promising international city with a growing high-end segment. “Morocco has a variety of highly coveted properties that meet the interests and demands of all buyers,” he adds. It should also be noted that the portfolio of Sotheby’s International Realty of Morocco will be marketed through the global site sothebysrealty.com.
The Moroccan office of Sotheby’s International Realty is owned and operated by David Chicard who brings 15 years of experience to the company. “The region offers a cost effective alternative to Europe and has a variety of highly coveted properties that cater to the interests of buyers, including villas for those looking to align their lives with golf and riads located in the historic heart of the city. My experience in the industry and our affiliation with Sotheby’s International Realty further allows us to develop our activities in the country and on a global scale, while meeting the needs of our buyers and sellers”, assures David Chicard. As a reminder, Sotheby’s International Realty was founded in 1976 as a real estate service for demanding clients of the Sotheby’s auction house.
“Today, the company’s global footprint spans approximately 1,000 offices located in 75 countries and territories around the world, including 45 company-owned brokerage offices in major metro and resort markets,” specifies the top management. As a reminder, Nicolas Beguin was, among others, Operations Director of Klaas Puul BV (one of the major seafood producers in Europe), Managing Director at CFAO, and Sales Director of the Nissan brand in Morocco.