Century 21 Expands In China

Property Wire:

IFM Investments Limited, a leading comprehensive real estate services provider and the exclusive franchisor for the Century 21 brand in China, has signed a regional franchise agreement with Nanjing Guangsha Real Estate (Group), an established property developer based in Jiangsu Province, under which Guangsha Real Estate will operate a sub-franchising business in Nanjing. Nanjing has a population of approximately eight million residents and is the capital of Jiangsu Province. Guangsha Real Estate has a track record of developing residential and commercial real estate projects in Nanjing and other cities across China.

‘We are delighted to expand our franchise network into Nanjing, which is experiencing rapid economic growth,’ said Donald Zhang, Century 21 China Real Estate’s chairman and chief executive officer. ‘This is a good opportunity for us to broaden our franchise footprint again this year in China’s tier two and tier three cities, where we believe the real estate market will continue growing at a healthy rate. We intend to continue to identify strong partners throughout China as part of our strategy for sustained long-term growth of our franchise network,’ he added.

Leave a Comment

Your email address will not be published. Required fields are marked *