Sotheby’s International Realty opens its first office in Serbia

NEW YORK, May 18, 2022 /PRNewswire/ — Sotheby’s International Realty today announced the opening of KADENA Sotheby’s International Realty in Serbia, signifying the brand’s continued strength in Europe. This addition marks the 10th anniversary of the brandand office affiliated with Eastern Europe and his 205and affiliate office in the EMEIA region.

KADENA Sotheby’s International Realty is owned and operated by Kadena Properties, one of Serbia’s leading property developers, and Hunter Milborne, owner of Montenegro Sotheby’s International Realty and partner of KADENA Sotheby’s International Realty. General director, Nikola Nedeljkovicwill lead the company’s headquarters in the city of Belgradewhich will serve the whole country.

“The luxury market in Serbia is experiencing a steady increase in interest,” said Philip White, President and CEO of Sotheby’s International Realty. “This is mainly due to the country’s growing purchasing power, an influx of expatriates and Serbs who see the country as an ideal place to invest and reside, and the number of new developments emerging in the country, including the launch of St. Regis Residences Belgrade. I look forward to welcoming Nikola and the entire KADENA Sotheby’s International Realty team to the network.”

“Serbia is an excellent choice for buyers looking to purchase property with strong investment potential,” Nedeljkovic said. “As an EU candidate country, Serbia is becoming an attractive destination due to its history, nightlife and affordability compared to other countries in the region. Our membership allows us to leverage a growing luxury market and to showcase our listings both nationally and internationally, with the credibility and brand strength of Sotheby’s International Realty behind us.”

The office currently has several sales associates with plans for continued growth. The country’s largest real estate development, Belgrade Waterfront, which includes St. Regis Residences, will be one of the company’s new development projects. The residences and development will be represented by the KADENA Sotheby’s International Realty team.

The Sotheby’s International Realty® network currently has more than 25,000 affiliated independent sellers in more than 1,000 offices in 78 countries and territories around the world. KADENA Sotheby’s International Realty listings are marketed on the global website sothebysrealty.com. In addition to the referral opportunities and expanded exposure generated by this source, the firm’s brokers and clients will benefit from an association with Sotheby’s auction house and Sotheby’s International Realty’s global marketing programs. Each office is independently owned and operated.

Sotheby’s International Realty

Sotheby’s International Realty was founded in 1976 as a real estate service for the discerning clients of Sotheby’s auction house. Today, the company’s global footprint spans more than 1,000 offices located in 78 countries and territories around the world, including 51 company-owned brokerage offices in major metropolitan and resort markets. In February 2004, Realogy has entered into a long-term strategic alliance with Sotheby’s, the operator of the auction house. The agreement provided for the licensing of the Sotheby’s International Realty name and the development of a franchise system. The franchise system is made up of a network of affiliates, where each office is independently owned and operated. Sotheby’s International Realty supports its affiliates and agents with a wealth of operational, marketing, recruiting, training and business development resources. Affiliates and agents also benefit from an association with the venerable auction house Sotheby’s, founded in 1744. For more information, visit www.sothebysrealty.com.

The affiliate network is operated by Sotheby’s International Realty Affiliates LLC, and the company-owned brokerages are operated by Sotheby’s International Realty, Inc. Both entities are subsidiaries of Realogy Holdings Corp. (NYSE: RLGY), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services. Sotheby’s International Realty Affiliates LLC and Sotheby’s International Realty, Inc. fully support the principles of the Fair Housing Act and the Equal Opportunity Act.

Melissa Sofa | Senior Manager, Public Relations and Communications | Sotheby’s International Realty
tel: 973.407.6142 | E: [email protected]

SOURCESotheby’s International Realty

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