Bulgaria's Unique Estates Become Christie's Great Estates Exclusive Affiliate

Business | June 26, 2007, Tuesday // 00:00
Bulgaria: Bulgaria's Unique Estates Become Christie's Great Estates Exclusive Affiliate Representatives of Christie's Great Estates shook hand upon signing the contract with the Bulgarian Unique Estates. Photo by Yuliana Nikolova (Sofia Photo Agency)

Christie's Great Estates, a wholly owned subsidiary of Christie's, the world's oldest fine art auction house, signed a contract on Tuesday with the Bulgarian Unique Estates, which is part of AG Capital.

Bulgaria is the first country from the European Union's 12 newest member states that the brand approached with a proposal to become Christie's Great Estates exclusive affiliate. The talks between the two companies started in September 2004, the head of AG Capital's managers' board Hristo Iliev said.

Christie's Great Estates, which is the largest network of real estate brokers, is dedicated to the marketing and sale of luxurious properties. The network comprises more than 850 real estate offices and nearly 35,000 sales associates in more than 35 countries. The combined annual sales volume of all affiliate real estate companies is approximately USD 125 billion.

Unique Estates, which is the latest subsidiary of AG Capital Holding, is focused on the high-end niche of the residential property market. It covers the market segment of luxury residential properties in Bulgaria and abroad. It has been created especially for the purpose of meeting the needs of luxury-orientated foreign and Bulgarian clients.

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