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High end agency UK Sotheby’s International Realty - which has properties to let at up to an eye-watering cost of £80,000 per week - has been sold to the Middle East.
Veteran agent Robin Paterson - who has led the UK Sotheby’s operation for some years - says in a statement that he has sold the business to his partner and affiliate George Azar, who owns Sotheby’s Dubai and the Middle East region.
Paterson says: “I am delighted to have sold the business to George Azar and his team who will develop the UK brand throughout London and the UK. There are strong synergies already between the Middle East region and UK, but these will be enhanced by one ownership”.
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