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One of the most exciting instructions ever secured by the Ray White Group was to advise the highly-regarded Blackmores health products group to resolve their property issues.  

For years, they had been operating in a warehouse near Manly in Sydney. They had gradually added to the original building over the years – but those additions were always too small and never satisfied their complete requirements.

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Blackmore’s asked Ray White Invest to fix their problem. It was the beginning of a magnificent relationship. First, we determined that their existing site would not be capable of providing all of the accommodation they would eventually require. A new site was found for them at Warriewood on the northern beaches of Sydney. We sold their existing building at Manly at the peak of the boom with the lease to Blackmore’s in place until the new project was completed.

Ray White Invest, under the leadership, of Kimmo Pitkannen, with outstanding support from Peter Walsh, took charge of the design process, organised the building contract and oversaw the complete process with the project now set to open. The contract price, negotiated, was a particularly keen one resulting in tensions between the builder and Blackmores all the way through construction as the builder vainly sought to recover lost margins.

Eventually, the project was completed with its opening this weekend. It’s appropriate to record the dedication of our Ray White Invest team. In addition to Kimmo and Peter, James Millward played a valuable role.

 

Written by Ray White New Zealand

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