Nelson Bakewell - General - UK, ONCOR International Acquired by Realogy

Date: 01 Nov 2006

Nelson Bakewell's international partner ONCOR International has been acquired by Realogy Corporation.

Realogy Corporation is a Fortune 500 Real Estate company with 15,000 offices and 300,000 sales associates worldwide. Annual turnover for 2005 was US $7.1B making Realogy the largest pure play real estate brokerage firm in the world.

Mike Hatt, Chairman of Nelson Bakewell said, "We are extremely excited about the potential for Nelson Bakewell's expansion and our ability to more fully service our clients' international needs. As the largest global player in the Real Estate sector, Realogy is an ideal parent for ONCOR International. Whilst maintaining our independence, we can now access the top level of international business opportunities and financial resources."

David Matthes, ONCOR International's President and CEO said, "Realogy has vast resources that will enable us to expand the membership base as well as build upon the scope of services we can provide our customers. This affiliation is an exciting and logical evolutionary step for ONCOR International."

The headquarters of ONCOR EMEA will shortly move to Nelson Bakewell's London office from its former headquarters in Milan. Realogy is headquartered in Parsippany, New York.

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