Sotheby’s international realty brand expands luxury presence into Sri Lanka
Sotheby’s International Realty Affiliates LLC signed a 25-year exclusive agreement with India Sotheby’s International Realty, to further expand the Sotheby’s International Realty brand in Sri Lanka.
Under the seasoned leadership of CEO Amit Goyal and President Ashwin Chadha, India Sotheby’s International Realty has established offices in New Delhi, Mumbai and plans to expand across India.
Sri Lanka Sotheby’s International Realty is a partnership between India Sotheby’s International Realty and Sri Lanka Sotheby’s International Realty Directors Petar Petrovic and Vedran Bostandzic, who will be managing the Sri Lankan office. The firm will serve the luxury residential real estate market throughout Sri Lanka and the office in Columbo is set to open in June of this year.
“The luxury real estate sector in Sri Lanka has a promising future,” said Goyal. “Sri Lanka’s luxury real estate market is expanding rapidly with condominium developments in Colombo, branded resorts and villas along the magnificent coastline, and private estates in the famous tea country, creating a strong luxury footprint in the region.”
Petrovic said: “Vedran Bostandzic and I have lived and worked in the real estate market in Sri Lanka for some years. We are delighted to offer Sri Lanka’s prime residential market a full service using the immense global leverage of the Sotheby’s International Realty network.
The Sotheby’s International Realty network currently has more than 22,000 affiliated independent sales associates located in approximately 950 offices in 69 countries and territories worldwide. In 2017, the brand achieved a record global sales volume of US$108 billion.
Sri Lanka Sotheby’s International Realty listings will be marketed on the ‘sothebysrealty.com’ global website. In addition to the referral opportunities and widened exposure generated from this source, the firm’s brokers and clients will benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programmes. Each office is independently owned and operated.
Caterpillar Asia Pacific Region dealers were hosted by UTE in Sri Lanka for the first time together with sixteen Caterpillar representatives at the CAT Backhoe Loader Dealer Advisory meeting from April 4th to 6th 2018.
While UTE’S overall performance was recognised by Caterpillar Asia Pacific as the bestselling Dealer for the CAT 426F2 backhoe loader, Machine Sales Manager Duminda Perera was recognised by Caterpillar with a special award for his dedication and contribution made towards promoting the CAT 426F2 backhoe loader in Sri Lanka.
The main objective of the dealer advisory meeting was to highlight the new features of the CAT 426F2 backhoe loader, as well as to unveil the next phase of this model, which will offer more advanced features and will be launched later this year.
The CAT 426F2 backhoe loader is versatile and can be used in a wide variety of projects, from cable-laying, to telecommunications and warehousing. The model also has a range of applications, including digging, trenching and loading. It is also low maintenance, partly due to the CAT brand backing and warranty. The 426F2 model is also productive due to its fuel efficiency, and benefits from UTE’S superior after-sales support.
A key feature of the 426F2 backhoe loader is operator comfort. This model comes with a factory-fitted A/C cabin, making it unique, and reflecting the Caterpillar brand’s emphasis on ensuring the wellbeing of the operators who run their machines.
“UTE is excited to conduct the pilot testing for the CAT 426F2 model in Sri Lanka,” said CAT Machine Sales Manager Duminda Perera. “As an initial step, Caterpillar has provided us with two machines for us to offer to customers. This model is multifunctional, lowmaintenance and competitively priced. It is also ideal for the Sri Lankan market. It really is the ultimate workhorse for your machine fleet.”
Customers who purchased the 426F2 backhoe loader also attested to its functionality.
“We have used the CAT 426F2 backhoe loader for the past four months. We are satisfied with the performance of the loader which suit our applications,” commented Sierra Readymix (Pvt.) Ltd Director/general Manager Lal C. Weerasinghe.
As part of a special promotion that runs until August, those who purchase a CAT 426F2 backhoe loader will be eligible to receive an iphone X with their purchase.
UTE has been the sole authorised dealer for the Caterpillar brand for 71 years. Caterpillar remains the leading brand in construction and powergeneration equipment, both worldwide and in Sri Lanka.