Chesterton Humberts has announced that it has added to its international operations by entering into a JV with an established local agency in Barbados, which will now operate as ‘Chesterton Barbados’.
Established in 2006 by brothers Daryl and Kieran Kelly, the agency is based in St James on the west coast of Barbados and specialises in both sales and lettings agency work. It is currently appointed on all of the island’s major estates, new developments and higher value homes, and is set to launch a number of exclusive new developments within the next six months.
The business currently employs five experienced staff, all of whom have held senior positions within large international estate agencies, and plans to add two new members of staff in time for the high season this winter. Under the new JV, the business will be looking at expanding to St Lucia and St Barths, giving Chesterton pole position within the West Indies.
Co-founder Kieran Kelly comments: “We are very happy to have reached an agreement with such an established international brand as Chesterton and look forward to trading under the new name of Chesterton Barbados.”
He continues, “Barbados is a prime destination in the world with an extremely strong and safe property market. Property prices range from $200,000 to $30 million, providing a price point for most buyers. The market is diverse including a choice of leading luxury golf residential estates such as Apes Hill, Royal Westmoreland or Sandy Lane. We also have a wonderful selection of super luxury beachfront homes and condominiums. Known as "Little England" and previously a British Colony, Barbados has appealed strongly to UK buyers for many years."
Chesterton Global Ltd has an established international network, with offices in locations including St Tropez, Gibraltar, Mallorca, Umbria, Tuscany, Singapore, Moscow, South Africa, Abu Dhabi, Sydney and Brisbane. This latest agreement brings the number of offices outside of the UK to 15.
Robert Bartlett, Group CEO of Chesterton Global Ltd, comments: “Chesterton is committed to expanding our current business internationally as we recognise the huge benefit that a broad international offering brings to our clients, not only here in the UK but also overseas. I am particularly excited by this new JV agreement, due to the current interaction that a number of our clients have with the West Indies. I see Chesterton becoming a dominant force in this market.”
Andrew Hawkins, head of international sales at Chesterton Humberts, comments: “This agreement represents a significant expansion of Chesterton’s offering in the Caribbean property market. In addition to our core strength in Europe, we will now be able to bring even more exciting second home and investment opportunities to the international property scene.
“The Barbadian property market has proved relatively resilient despite the uncertainty in international financial markets and remains a firm favourite with British and other international buyers. I am delighted to be welcoming Kieran and Daryl Kelly and their team to our expanding network of international property experts.”
Chesterton Barbados is located in St James, offering a wide range of exciting properties for sale and to let. For more information, please contact Andrew Hawkins on 0203 040 8248 or email andrew.hawkins@chestertonhumberts.com
