FOR IMMEDIATE RELEASE
Coldwell Banker The Property Shoppe and Coldwell Banker Peter Benninger Realty join forces
Established Ontario real estate brokerages will operate as Coldwell Banker Peter Benninger Realty; combined operation now has 80 sales professionals in 5 offices
(Burlington, ON – September 15, 2021) The Coldwell Banker® network in Canada is pleased to announce that the established southern Ontario brokerages of Coldwell Banker The Property Shoppe and Coldwell Banker Peter Benninger Realty have now joined forces. The integration is part of an overall development strategy that will unite the management, operations and administrative support under one system, resulting in improved efficiencies and greater synergies for their combined sales force of over 80 sales representatives in five office locations.
The integration includes a rebranding of Coldwell Banker The Property Shoppe offices in Port Elgin, Paisley and Kincardine, Ontario which will now operate as Coldwell Banker Peter Benninger Realty.
The newly-expanded Coldwell Banker Peter Benninger Realty operation will be led by a Management team consisting of: Peter Benninger, President & Chief Vision Officer, Broker of Record Peter Kritz and Chief Executive Officer Kerry Hadad, along with a team of Marketing and Social Media specialists. Headquartered in their own multi-storey office building on Riverbend Drive in Kitchener, the award-winning brokerage has Residential, New Homes & Land and Commercial Divisions and has been a cornerstone company in the Coldwell Banker Canada network for almost 30 years.
Brad Angel, former owner of Coldwell Banker The Property Shoppe will remain with the operation in a sales capacity and will help ensure a smooth and seamless transition.
“We’re very excited about the opportunities this expansion will create for our sales representatives and the consumer,” said Peter Benninger. “This integration will achieve combined efficiencies in our operation and grow our collective presence in key southern Ontario markets. My management team and I know the markets served by Coldwell Banker The Property Shoppe. We have lived there, own property there, coached sports teams and have been active in the communities. We have strong roots in these markets, so this expansion feels like coming home.”
“This transition was the right decision for our sales representatives and their future,” confirms Brad Angel, former owner of Coldwell Banker The Property Shoppe. “The integrated operation offers exciting new synergies and opportunities. Moving forward, our people are even better positioned for success as we continue to provide full-service solutions for local home buyers and sellers under our new name. We look forward to working closely with our new teammates as we continue to offer the systems and resources of the Coldwell Banker® brand.”
“This integration of two established operations will be a positive development for the brokerages, their sales representatives, and the brand,” said Andy Puthon, president of Coldwell Banker Affiliates of Canada. “With a new depth of management support to benefit all, and a unified presence in the highly competitive southern Ontario market, the newly-expanded Coldwell Banker Peter Benninger Realty represents a compelling destination for agents seeking a high level of support as they look to leave their mark in their respective markets.”