Coldwell Banker has announced plans to acquire Warburg Realty, the first acquisition to be fully branded under the Coldwell Banker Global Luxury program. According to a press announcement, the new Coldwell Banker Warburg will be fully rebranded in January of 2022.
“I am extremely proud and happy to see Warburg Realty become a partner in the Coldwell Banker brand’s Global Luxury initiative,” Frederick Warburg Peters, CEO, Coldwell Banker Warburg, said. “Working with the Coldwell Banker brand, I am giving Warburg agents the finest tools to create even more value for our clients and customers. I know this joining of congruent brands will benefit us all. We can’t wait to get started!”
Peters, along with his management team, will remain with the newly combined company. Warburg Realty will retain its two prime office locations, comprising more than 120 affiliated sales professionals.
Financial agreements for the acquisition were not disclosed.
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