Christie’s Great Estates Expands Into Scandinavia with a New Affiliate in Sweden

Residence Fastighetsmäkleri Joins World’s Leading International Network of Luxury Real Estate Specialists.

New York, NY, July 18, 2010 --( Christie’s Great Estates, the world’s leading luxury real estate network, has awarded affiliate status to Residence Fastighetsmäkleri, the first real estate brokerage to join the network in Scandinavia. The firm will exclusively represent the Christie’s brand throughout Sweden. Wholly owned by Christie’s, the world’s leading art business, Christie’s Great Estates is represented in more than 40 countries. Residence Fastighetsmäkleri joins this carefully selected organization of brokerages with proven records of success in both high-end property sales and exemplary client service.

“The global scope of our international network is strengthened significantly with the addition of an important real estate market such as Sweden,” says Neil Palmer, Chief Executive Officer of Christie’s Great Estates. “We welcome the opportunity to serve both Swedish and international clientele through our newest affiliate, Residence Fastighetsmäkleri.”

“In late 2009, we worked jointly on the sale of the Ingmar Bergman estate on Faro in the Baltic Sea, which achieved a record price for Sweden. This affiliation is a logical conclusion of that project, having established a good track record of cooperation and success,” says Joachim Wrang-Widén, Christie’s Great Estates European Director of Real Estate.

“We are pleased that our clients will now have the whole world as a marketplace for their premium properties through our affiliation with Christie’s Great Estates,” says Jan Lundqvist, CEO of Residence Fastighetsmäkleri.

A country of great natural beauty and open space, Sweden is the third largest in the European Union, with 450,295 km² (173,860 square miles) of land mass. Despite its considerable size, Sweden has only 9.3 million inhabitants who live mostly in the urban areas of the country’s southern region. The north (Lapland) is often described as the last wilderness in Europe, with its expansive lakes, wild swamps, treeless highlands, sub arctic climate, and impenetrable birch forests. Often referred to as the “Venice of the North,” the capital city, Stockholm, is the economic, cultural, and political center of Sweden, and is renowned for its spectacular architecture, meandering canals, and many beautiful parks. Sweden ranks first in the world in The Economist’s Democracy Index and was rated as the fourth most competitive economy in the world in the World Economic Forum’s 2009–2010 Competitiveness Index.

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