Two international estate agency brands have announced further expansion into key global markets, with Fine & Country entering Madrid and Chesterton launching operations in India.
Fine & Country Spain has signed a new license in the Spanish capital, marking the brand’s first presence in the city. The office will be led by architect Alejandra Santos and Spanish entrepreneur and chief executive of Madrid restaurant group Lamonaracha Carlos Rojo.
Chris Hara, Chief Executive of Fine & Country Spain, said: “Launching in Madrid is a historic moment for Fine & Country Spain. It is an extremely important step for the brand, as it is the first Fine & Country office to open in the capital.
“Our relationship with Alejandra and her family has been built over many years through trust, professionalism and shared values, and we are now delighted to welcome both Alejandra and Carlos as sub-licensees.”
The Madrid office will focus on high-end residential sales and rentals.
Meanwhile, Chestertons Global has entered the Indian market through a strategic arrangement with BSE-listed advisory firm Justo Realfintech. The partnership will create Chestertons India Private Limited as a wholly owned subsidiary of Justo, which will operate exclusively under the Chestertons brand.
This expansion takes the Chesterton network to more than 20 countries in Europe, the Middle East, Africa, the Americas and Asia.
Mohammed Musa, managing director of Chestertons Global, said: “India is one of the most exciting real estate growth stories globally, and we have been watching this market closely for some time.
“In Justo, we have found a partner with strong local credibility and a disciplined approach to advice – exactly the kind of firms that thrive within the Chesterton network.”
The Indian business will target premium and super-premium segments, including residential sales, commercial leasing, cross-border investment advisory, capital markets services and hospitality, building on Justo’s local network and Chesterton’s international platform.
Pushpamitra Das, chairman and managing director of Justo Realfintech, said operating under the Chestertons brand will provide “access to an established international network and globally recognized standards of advisory practice”.