Hamptons International has expanded its international footprint after signing an agreement with The Corcoran Group, New York's top residential real estate firm. Hamptons International joins forces with Corcoran, which transacts business in Manhattan, Brooklyn, the Hamptons and Palm Beach, Florida, and with Corcoran Sunshine Marketing Group, the premier U.S. new development organization for the marketing and sales of luxury residential development properties.
The arrangement, which takes immediate effect, will provide
Hamptons International's clients access, through various marketing
channels, to prime listings from the U.S. markets where Corcoran
The Corcoran Group is a leading U.S. residential real estate firm with extensive reach and penetration in the markets in which it conducts business. It has 2,400 sales associates and employees and annual sales that have reached more than $18 billion U.S.
Alasdair Hedley, Director at Hamptons International, commented on the agreement: "We are thrilled to have teamed up with The Corcoran Group, the leading New York real estate firm which shares the same customer-centric values as our business, to offer our clients the opportunity to extend their footprint in another world city.
"There are major synergies between London and New York - both are global business hubs and are perceived to be "safe havens" for property investment -we are therefore delighted to now be able to offer our clients mutual access to both international property markets."
"The agreement with The Corcoran Group is an important step in Hamptons International's vision for its international department. Through strategic alliances around the world, Hamptons International hopes to build on its already successful international presence in order to increase its global footprint."
Pamela Liebman, President and Chief Executive Officer, The Corcoran Group, added: "Corcoran clients have an increasing interest in owning properties in top global markets. For our international clients, the compelling benefits of property ownership in the United States include portfolio diversification and the pleasure of owning a home in a premier and financially secure market. By aligning with Hamptons International, Corcoran provides an added level of service for all our clients with exposure to the full array of properties Corcoran and Hamptons International offers."
Hamptons International has a network of international offices and sells property around the world including the Caribbean, the Indian Ocean and Europe.