November 2021, London – Global estate agency, Chestertons Global Franchise Holdings Limited, today announces the Chestertons brand is set to expand into Cambodia in early 2022. This is for the agreement, which is signed to bring Focus Property Co., Ltd into the flourishing network. At the same time, Chestertons is announcing two key strategic hires into its Dubai residential team.
These developments represent the next stage of the agency’s significant global growth and entry into new areas of expertise in real estate.
Chestertons Cambodia
Based in Cambodia’s capital of Phnom Penh, and expected to launch in January 2022, the new office will give Chestertons a presence in a key, fast-growing Asian market. Headed up by Mr. Meath CHY and Ms. Chanthou SAM and established for more than a decade, the new team comprises 55 industry professionals with deep local market knowledge and a proven track record of client delivery. Specialising in property management, the team provides expert advice on the full real estate lifecycle for residential and commercial property, including hotels, resorts, leisure, factories and warehouses.
The team looks forward to expanding across the region in collaboration with Chestertons and representing Asia’s most prestigious properties, hotels and new developments.
Cambodia has seen significant investment in its construction sector with more than USD 37 billion of approved investment projects in the last five years, and impressive strides have been made in developing its residential, commercial and hospitality sectors.
Strengthened Dubai team
Chestertons has also made strategic appointments in Dubai agency – Lucy Bush, Hannah Worrall and Nicola Milton will spearhead further growth and bolster on the ground support for clients. Lucy has been a dynamic force in UK and UAE real estate for over 16 years. She gained a breadth of experience across a wide range of property segments. In her new role, Lucy heads up the team in Dubai. She specialises in launching exclusive new development projects and supporting a complete lifecycle of sales services for her clients. She was previously a director and head of residential sales and leasing at Savills.
The Dubai agency prime team is bolstered by Hannah, previously with Savills and Nicola who joins Chestertons from CBRE, and formerly held roles at Knight Frank and Cluttons. The team has a strong background working on properties across the UAE. Above all, they offer unparalleled prime sales and marketing expertise and the highest level of customer service. The Dubai team will provide developers, buyers, sellers and investors with personal, on-the-ground support from a brand they trust.
What this means for us
With the launch of attractive new visa initiatives, Dubai is becoming a go-to destination for buyers from across the globe. In fact, Chestertons’ recent research shows a 50% increase in residential transaction value quarter-on-quarter of the business. This is why the Dubai residential team is perfectly placed to capitalise on this exciting activity.
Salah Mussa, Chairman of Chestertons, comments:
“We are thrilled to announce the upcoming launch of Chestertons Cambodia and welcome Focus Property to the ever-expanding Chestertons family. As the latest partner to join our franchising team, Chestertons Cambodia will benefit from our vast network and expertise. The team’s core focus on property management represents a new string to our bow. The high bar the team sets in professionalism and ethical ways of working is a great fit for us.
“At the same time, our residential team in Dubai is on a growth trajectory. We are pleased to welcome Lucy, Hannah and Nicola to the Chestertons team. We expect the Dubai team to go from strength to strength under their leadership.
“These announcements are further examples of the impressive growth of the Chestertons Global franchising business. Over the last 12 months, we have gained a presence in seven new markets. Now, we operate in 15 countries around the globe. We don’t plan to rest on our laurels and we hope to continue this exciting momentum with further global growth planned in 2022 and beyond.”
To learn more about global franchising opportunities, please go to: www.chestertons.com/franchising