Commercial Sydney CBD
R&H
You are viewing an article that is not currently active

Raine & Horne Springwood announces merger with local independent

October 11, 2023

Raine & Horne Springwood is excited to announce the successful merger with Local Realty Group, an independent real estate firm based in the Springwood area.

The merger, which was recently finalised, marks a significant milestone in the growth and expansion of Raine & Horne Springwood.

Wilson Allu, Principal of Raine & Horne Springwood, commented on the merger, saying, "Extensive hours of diligent research and business valuation were conducted. Upon finalising negotiations with former owner Peter Mitchell, we have facilitated a comprehensive plan for integrating the operations of both businesses, including the process of onboarding new staff.”

Regarding his choice to expand under the Raine & Horne banner, Mr Allu expressed his enthusiasm for the brand, declaring, " Raine & Horne boasts an extensive wealth of experience, holds a distinguished reputation as one of Australia's super brands, leads in technology, and possesses a remarkable 140-year legacy in the real estate industry.

“Being family-owned, it aligns with our commitment to personalised service and strong community values."

Exceptional talent joins Raine & Horne Springwood in merger

Under the leadership of Mr Allu, Raine & Horne Springwood has welcomed seven new staff members from Local Realty Group, including some of the best property managers and sales agents in the region. Former owner Mr Mitchell has also agreed to stay with the merged firm.

“We are thrilled that Peter has agreed to stay with us and continue the growth of the Raine & Horne brand in this region,” Mr Allu said.

“This strategic merger not only strengthens the Raine & Horne brand but also enhances the service offerings for our clients in the Springwood area.

"Our goal is to provide a one-stop shop for both sales and property management services to the local community. The addition of experienced staff from Local Realty Group allows us to continue delivering high-quality service to our clients while benefiting from the growth opportunities in Springwood."

Strategic location, amenities, and future development drive Springwood market

According to Mr Allu the Springwood market has seen significant growth in recent years, with Logan City Council’s plans to position it as the local government area’s central business district.

“Its strategic location close to Brisbane and the Gold Coast, access to amenities, and future development plans make it an attractive area for both buyers and investors,” he said.

For all your residential sales and property management needs in Springwood and surrounding areas, contact Raine & Horne Springwood on 07 3386 6700 or visit the office at 13 Carol Avenue, Springwood.