Abu Dhabi: Asteco, a real estate services firm, has welcomed on board its first two franchisees following the recent launch of its new licensing services division.

Dubai-based Livington Properties along with Asset Value Real Estate Brokerage will now operate under the Asteco brand following the signing of a franchise agreement with Asteco’s licensing division.

The enterprise was established to offer franchise opportunities to qualifying real estate companies, independent realtors and regional entrepreneurs looking to diversify their existing businesses or launch a start-up in the property sector.