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Allen & Overy advises Christie’s on the sale of Christie’s International Real Estate to @properties

Allen & Overy has advised Christie’s, the world-leading art and luxury business, on the sale of its Christie’s International Real Estate business to real estate brokerage and technology firm @properties.
The transaction includes a long-term global brand license agreement and the transfer of CIRE’s existing global network of approximately 900 affiliate real estate offices and company-owned brokerage operations to @properties. The new business, which will retain the name Christie’s International Real Estate, will create one of the largest residential brokerage firms in the U.S.

New York-based partner and Head of A&O’s U.S. Corporate Practice Eric Shube commented: “We are proud to have supported Christie’s on this complex cross-border transaction.”

The A&O team was co-led by Eric Shube and London-based partner Jim Ford and included New York-based IP partner Keren Livneh, Antitrust partner Elaine Johnston, Employment partner Brian Jebb, Regulatory partner Ken Rivlin and Tax partner Dave Lewis, associates Brittany Beyer, Kyle Coogan, Puja Patel and John Hibbard, law clerk Lucy Chen and paralegal Alex Rabatin. In London, Employment partner Robbie Sinclair and associate Ingrid Nixon, Tax Counsel Tim Harrop, Corporate partner Alex Tilley and associates Ben Brooks, Zara Sproul and trainee Isabelle Graves also advised. Hong Kong advice was provided by Employment counsel Susana Ng.