APAC Realty inks master franchise agreement to operate ERA offices in Cambodia
13/02/18, 05:26 pmSINGAPORE (Feb 13): APAC Realty, the real estate services provider under the ERA brand, has agreed to grant Smart Property Intelligence Co. exclusive rights to operate or grant memberships for the operation of ERA member broker offices in Cambodia.APAC Realty possesses the exclusive ERA regional master franchise rights to 17 countries in Asia Pacific. The ERA MAster Franchise Agreement signed on 8 Feb, is for an initial term of 25 years starting from the date of signing. It may be renewed for a further 25 years subject to the fulfillment of certain conditions. With the latest addition of Cambodia, APAC Realty now has a network of 17,500 agents in 620 offices across nine countries.The group does not expect the agreement to have a material impact on the year ending Dec 2018. Shares in APAC Realty closed 3 cents higher at $1 on Tuesday.
