Peerage Capital unit to buy Sotheby's International Realty Canada
An affiliate of Canadian private equity firm Peerage Capital Group has agreed to acquire Sotheby's International Realty Canada (SIRC), a Toronto-based luxury real estate company. Terms weren't released for the deal, which is expected to close this month. Peerage Realty Partners Inc, a Toronto-based luxury real estate brokerage organization, is buying SIRC from Dundee Corp. The acquisition will expand Peerage Realty's market footprint and add agents and $5 billion in annual sales. Don Kottick will become SIRC's new president and CEO. Peerage Capital invests in real estate, asset management, wealth advisory services, land assembly and aviation services.
10 May 2019•5 mins read
