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Berkshire's real estate arm expands into Germany
OMAHA, Neb. — Berkshire Hathaway's real estate brokerage is expanding overseas with an acquisition in Germany. Berkshire Hathaway Home Services, which has offices throughout Soutwest Florida, said Monday it had signed its first global franchisee ...
The Associated Press
OMAHA, Neb— Berkshire Hathaway's real estate brokerage is expanding overseas with an acquisition in Germany.Berkshire Hathaway Home Services, which has offices throughout Soutwest Florida, said Monday it had signed its first global franchisee, Rubina Real Estate GmbH, a real estate brokerage serving central Berlin and neighboring regions.Financial terms weren't disclosed.The deal gives Warren Buffett's conglomerate another operation in Germany and helps raise the Omaha, Nebraska-based company's profile in Europe.Carsten Heinrich, co-founder and managing director of Rubina Real Estate, and his leadership team was to be introduced to the network Monday during Berkshire Hathaway HomeServices’ annual Sales Convention in San Antonio, Texas.Gino Blefari, CEO of the real estate network, says more international franchises are likely.“We’ve approached global network expansion very carefully and methodically,” he said“We will continue to name high-quality franchisees in the months ahead in Europe, Asia, North America and beyond.”Buffett is searching for sizeable acquisitions to invest Berkshire's more than $116 billion cash into.Berkshire Hathaway Home Services is based in Irvine, CaliforniaIt includes over 45,000 agents and 1,400 offices in America.Rubina Real Estate focuses on helping international investors buy German propertyIt will become Berkshire Hathaway Home Services Rubina Real Estate next month.
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