UK Sotheby’s International Realty has announced the opening of a new branch in St John’s Wood, north west London.

This opening of the new office at 62 St John’s Wood High Street is the first of three new flagship locations to open in the next 12 months.

St John’s Wood is already dominated by a number of estate agents, with existing firms operating in the area including Foxtons, Hanover, Winkworth, Behr and Butchoff, Dexters, Chancellors, Savills, Laurence Leoigh Residential, among others.

Aside from the housing market in St John’s Wood, most local estate agencies also cover nearby Regents Park, Swiss Cottage, Finchley Road, Primrose Hill, Baker Street, Hampstead, Belsize Park, and Maida Vale.

UK Sotheby’s International Realty says it already has an established reputation in the local area, with notable sales including the sale of a property on Hamilton Terrace for £22.5m and the sale of a property on Elsworthy Road for £22m.

George Azar, chairman and CEO of UK Sotheby’s International Realty, commented: “We are delighted to unveil a new local office in the prestigious suburb of St John’s Wood – an area we know and love.

“With a strong track record of sales in the area spanning a number of years and unrivalled expertise in the luxury real estate market, this new physical presence will allow us to continue our mission to connect discerning buyers and sellers with exceptional properties in this much sought-after community.”

Ethan Berenzweig, retail leasing manager at Trophaeum Asset Management, added: “Following the recent acquisition of the business, UK Sotheby’s International Realty have chosen St John’s Wood as the first of three new flagship locations in London.

“St John’s Wood continues to attract international and domestic wealth from some of the world’s most sophisticated private and commercial real estate investors, and UK Sotheby’s International Realty will leverage the location as an anchor for the North and Northwest London markets.

“We are delighted with the brand’s decision as the opening will make a fabulous addition to St John’s Wood High Street and will complement the carefully curated tenant mix at the heart of this vibrant and thriving community.”