The Agency launches a new franchise in Spain

Luxury real estate boutique brokerage The Agency launched a new franchise office in Mallorca, Spain, the firm announced on Wednesday. This is the firm’s 75th franchise overall.

“We’re thrilled to expand our presence overseas in Europe with the launch of our new franchise in Mallorca,” The Agency’s CEO and founder Mauricio Umansky said in a prepared statement. “Our partner Alby Euesden is one of the most respected real estate professionals in Mallorca, and we know he will be an incredible steward of our unique brand and culture.”

The new office will join a network of offices in the U.S., Canada, Mexico, the Caribbean and Europe, which include corporately-owned and franchise offices. The Agency’s other locations in Europe include Lisbon and The Netherlands.

“Our strategic expansion in Europe has been phenomenal as we continue to feed the demand around the world for a luxury brand like The Agency,” Jim Ramsay, executive  vice president of franchise sales at The Agency, said in the statement.

Alby Euesden, managing partner of The Agency Mallorca, will lead the office. 

Euesden’s professional career spans more than a decade in the industry. Prior to this role, he spent time as managing partner at Coming Soon, sales director at Imperial Properties Mallorca, and a real estate broker at Mallorcagold.

Euesden was born in the United Kingdom and moved to Spain as a young child. He is fluent in the local Mallorcan dialect, along with English and Spanish, and specializes in properties in the southwest region, especially Bendinat.

“With its rich culture and history, great climate, and scenic coastlines, I am honored to help bring The Agency’s white glove service and world-class brand to this unparalleled destination,” said Euesden. 

The Agency launched its office in Lisbon, Portugal, earlier this month and initially launched its European operation in spring 2022 with an office in The Netherlands.

The Agency ranked 21st on the 2022 RealTrends 500 rankings, with a total 2021 sales volume of more than $9 billion.

It has closed more than $57 billion in real estate transactions since 2011, according to the statement.

This month, the firm laid off roughly 4% of its staff, or fewer than 15 of its staff members.