Warren Buffett’s real estate company, Berkshire Hathaway HomeServices, announced on March 5 its purchase of Berlin-based Rubina Real Estate GmbH, which marks its first international franchisee.
The German company, which is led by Carstein Heinreich, will change its name in April to Berkshire Hathaway HomeServices Rubina Real Estate, following the naming format of several other Berkshire-owned companies.
“Rubina Real Estate is an ideal fit for our network and we’re excited that it will carry the distinction of Berkshire Hathaway HomeServices’ first franchisee abroad,” said Gino Blefari, president and CEO of the network. “The brokerage’s business acumen and dedication to service and growth mirror our own values and aspirations. As important, Rubina Real Estate is a market leader and is wonderfully positioned in Berlin’s vibrant real estate market.”
Berkshire has more than 1,500 offices and nearly 48,000 agents. The company intends on adding more international franchisees into other countries in Europe, Asia and North America.