Coldwell Banker® System Expands its Global Reach to Japan
Twenty-four Offices Open in Fukuoka and Tokyo
PARSIPPANY, N.J., (Dec. 8, 2006) – Coldwell Banker Real Estate Corporation has announced the signing of a master franchise agreement with Coldwell Banker Affiliates of Japan,which coincided with the opening of 12 Coldwell Banker® offices in Tokyo and 12 more in Fukuoka. With these openings, Japan becomes the 31st country or territory outside of the United States to have a Coldwell Banker presence, including Singapore, Indonesia, Australia, China and India in the Asia-Pacific region.
Japan is considered to be the economic driver of the Asia Pacific region, and has a relatively mature real estate market. Much like the Multiple Listing Service (MLS) in use in the United States, Japan launched its version, the Real Estate Information Network System (REINS), in 1999.
"Franchise growth outside of North America remains one of our key initiatives," said Jim Gillespie, president and chief executive officer of Coldwell Banker Real Estate Corporation, who attended the office openings in Japan. "Japan has a robust real estate market that has been fueled by moderate mortgage rates, tax advantages for home ownership and its REINS system. We wish our colleagues at Coldwell Banker Affiliates of Japan great success in their operations."
"I am thrilled to be associated with the Coldwell Banker brand," said Yoshitaka Sadamura, chief executive officer of Coldwell Banker Affiliates of Japan. "We have worked hard to lay the groundwork for a strong franchise network here in Japan. I commend the hard work of all involved, and look forward to growing the Coldwell Banker franchisee base even further in Japan. The success and history of the Coldwell Banker brand speaks volumes, and our real estate offices in Tokyo and Fukuoka will provide prospective buyers, sellers and investors with a premium estate experience."
About Coldwell Banker®
Since 1906, the
Coldwell Banker® organization has been a premier
full-service real estate provider. In 2008,
Franchise Times magazine's prestigious Top 200 issue
ranked the Coldwell Banker system No. 1 in real estate for the ninth straight year and 12th among franchisors
in all industries. The
Coldwell Banker System has approximately 3,500 residential real estate offices
and approximately 100,000 sales associates in 47 countries and territories. The
Coldwell Banker System is a leader in
the industry in residential and commercial real estate, and in niche markets such as resort, new home and
luxury property through its
Coldwell Banker Previews International®
division. It is a pioneer in consumer services with its
Coldwell Banker Concierge
® Service Program and award-winning Web site,
www.coldwellbanker.com.
Coldwell Banker Real Estate LLC is a subsidiary of Realogy Corporation, a global provider of real estate and
relocation services.
Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate
LLC.
Each office is independently owned and operated.
