March 03, 2010 // Franchising.com // PARSIPPANY, N.J. -- Coldwell Banker Real Estate LLC today announced the signing of a master franchise agreement with Top CzechPartners Estate S.R.O. to bring the Coldwell Banker® and Coldwell Banker Commercial® franchise systems to the Czech Republic. The Coldwell Banker residential and commercial real estate networks now extend to 49 countries and territories worldwide on a combined basis.
Led by Petr Král, Top CzechPartners Estate S.R.O. is based in Prague. The company was founded in 2006 and has been focused on project management and land sales.
"The Coldwell Banker brand remains focused on our international growth strategy, and we are pleased to be entering the Czech Republic," said Jim Gillespie, president and chief executive officer for Coldwell Banker Real Estate LLC. "We are impressed with Petr's skills and capabilities to grow our brand in the Czech Republic, and we are proud to welcome him into our network."
"The opportunity to leverage the Coldwell Banker brand in the Czech Republic is huge," said Král. "There are more than 6,000 real estate offices in our country, yet few have an international presence. I have been in real estate since 1994 working largely with foreign investors. As we grew our business, it became apparent that partnering with a global presence made great sense. I am thrilled to join the Coldwell Banker family and look forward to working with colleagues from around the world."
Since 1906, the Coldwell Banker® organization has been a premier provider of full-service residential and commercial real estate. Coldwell Banker is the oldest national real estate brand in the United States and today has a network of nearly 97,000 agents working in more than 3,300 offices in 49 countries and territories. The Coldwell Banker brand is known for creating innovative consumer services as recently seen by being the first national real estate brand to augment its web site www.coldwellbanker.com for smart phones, the first to create an iPhone application featuring international listings and the first to fully harness the power of video in real estate listings, news and information through its Coldwell Banker On LocationSM YouTube channel. The Coldwell Banker system is a leader in specialty markets such as resort, new homes and luxury properties through its Coldwell Banker Previews International® marketing program.
Coldwell Banker Commercial Affiliates is one of the leading franchisors of commercial real estate services through the Coldwell Banker Commercial® brand. Coldwell Banker Commercial is a registered trademark licensed to Coldwell Banker Real Estate LLC. Through its independently owned and operated offices, the Coldwell Banker Commercial network is a premier provider of real estate services and is a leader in the commercial real estate industry. Coldwell Banker Commercial currently has more than 200 offices and 2,300 commercial real estate professionals operating in 20 countries worldwide. The Coldwell Banker Commercial network of brokers serves the needs of owners and occupiers in the leasing, acquisition, disposition, structured finance and management of all property types. Coldwell Banker Real Estate LLC is a subsidiary of Realogy Corporation, the world's largest real estate franchisor.