Re/max With Albania, Macedonia Franchise

(Wednesday, December 17, 2008) - Albanian businessman Saimir Mane has brought the master franchise for the real estate firm RE/MAX International, for both Albania and Macedonia, the company announced on Friday.

"We're delighted to welcome Albania and Macedonia into the RE/MAX family," said William Soteroff, Senior Vice President of International Development at RE/MAX International.

"This is a historic time for both these countries, and we're confident that Samir Mane will make RE/MAX a valued contributor to their emerging business communities," he added.

The new franchise regions will have their headquarters in Tirana, and new owner, Mane, is anticipating rapid growth and has ambitious plans to open several offices in the near future.

Mane has appointed Shpetin Spahija as Regional Director, who will oversee the day-to-day operations of the two regions.

RE/MAX was founded by Dave and Gail Liniger in 1973. From a single office in Denver, Colorado, RE/MAX has grown to be a global network of over 100,000 Sales Associates in more than 65 countries.

Mane , formerly owned Euromax, Albania's largest retail chain which was sold to Delta D.o.o of Serbia for €29 million in 2008. Mane also owns a minority stake in the national broadcaster TV Klan.

The Albanian real estate market is seen by foreign investors as being on the cusp of a building boom as the country slowly emerges from a difficult transitional period and its European Union prospects improve.

In April, Albania together with Croatia was invited to join NATO at the Bucharest summit, a further sign, experts believe of growing stability.

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