Posts Tagged ‘Ray White Commercial’
Leading New Zealand property management and syndication company McMahon Commercial has joined forces with Australasia’s largest real estate group, Ray White.
Tauranga-based McMahon Commercial is operated by Denis McMahon and Phillip Hunt and is a boutique personal service agency specialising in all aspects of commercial property management.
The company under its new arrangement with Ray White will trade as Ray White Tauranga and Western Bay of Plenty Commercial.
Mr McMahon, who has more than 25 years’ experience in the property industry, said McMahon Commercial’s partnership with Ray White Commercial was a major step forward for the company.
“We are very excited about becoming part of the Ray White family and we are confident this partnership will drive our syndication model to new levels,” he said.
Mr McMahon said McMahon Commercial manages more than $100 million in commercial property throughout the North Island while the company is also boosting its market presence in leasing and sales.
The rebranded company will be opening a new office at Spring Street, Tauranga, in January, 2013.
“We are looking forward to engaging with Ray White Commercial and the group’s support systems,” said Mr McMahon, a former Bay of Plenty branch chairman of the Property Council.
“With the brand’s support we will be looking to source appropriate property for syndication and for investors.
“We also will be staging seminars throughout New Zealand during 2013 to educate our franchisees on the merits of such investments.”
McMahon Commercial grew out of the success of Property Managers Realty Ltd, which Mr McMahon started in 1992 after clients encouraged him to secure new properties in which they could invest.
“McMahon Commercial grew out of the perceived need for a professional, boutique agency arm which specialises in the sale of titles in the syndicated properties as well as specific commercial projects,” Mr McMahon said.
The December 2012 property sales for the Ray White Group in New Zealand have finished on a high with a surge in results of 57% increase on December 2011 and a gain of 2% on last months sales. The completed released sales turnover was close to $500 million which was the highest ever turnover for the Group in a December trading month since the company began operations in New Zealand 19 years ago.
Carey Smith, New Zealand Chief Executive, said that market conditions continue to remain favourable for the industry particularly in Auckland and surrounding suburbs. The Christchurch market has also shown considerable increase and the company’s position in both Auckland and Christchurch was very strong. He said other reasons that Ray White has continued to show record sales was due to the high level of growth the company has had with the opening of 17 new offices during 2012.
The property sales for December showed a slight increase in the average price which for Ray White is now $492,355. The increase has been influenced by continuing low interest rates, confidence from buyers and also new properties coming to the market. One of the notable points of interest in the December sales was the high number of properties which were marketed by auction. The c0ntinuing success of auction was seen as a preferred method by many sellers in the marketplace.
During the month of December Ray White opened up two new offices being Perpetual Real Estate Te Anau in the lower South Island and also Maguire Realty located in Mission Bay in the eastern suburbs of Auckland. The Company has also announced the expansion of its commercial division with McMahons Commercial in Tauranga joining Ray White in mid January 2013.
Contact: Carey Smith
Bruce Whillans, owner of Ray White Auckland Commercial, has produced The Whillans Report which is a commercial Auckland market update for the second quarter of 2011. Having completed their first year of business this month as Ray White Auckland Commercial, the Whillans Realty Group is celebrating sales in excess of $145 million for the year.
Bruce Whillans said the sales were a direct reflection of his staffs’ dedication to high quality service and also the return to confidence of the market. He went on to say by leveraging their existing client base and applying the principles of quality service, their team had produced results comparable to many of the bigger agencies. “In a recent report published by the Sunday Star Times on 10th July we sit only second to Colliers in profitability for the year.”
The Whillans Report looks at sales which have occurred during the past 12 months for the Ray White Auckland Commercial team including the Albany Home Centre, Soho Square and the Penrose Industrial Estate. The report contains information on the commercial CBD market, industrial summary and prime retail market. It also looks at the return of Australian investors back into the Auckland market and the successful sale by tender of Soho Square.
The July 2011 results for the Ray White Group reflected an increase in trading over the similar period last year; however was slightly down on the results from last month. The Group’s controlled listings were down almost 25% which is reflective of the shorter days on market and prices holding throughout the majority of New Zealand.
The top office for the month was Ray White Auckland Central Commercial, completing sales in excess of $16 million. The Ray White Remuera office was number two. Ray White Metro in Christchurch completed sales of $8.5 million, while Ray White Ponsonby and Ray White City Apartments also had a strong month with sales over $8 million.
Carey Smith, Chief Executive of Ray White said that the results reflected the lack of new listings which are being presented to the market. “When you look closer at the numbers, Auckland continues to show increases on last year’s turnover however there are far less properties being listed for sale. This will inevitably put pressure on prices and will also provide more buyer competition for each property actively marketed. Also of interest is the Canterbury market where sales were at the same level as the same time last year. There are a lot less properties coming to the market in this area but the take up of stock and the reduction in the total properties available has been considerable. Across New Zealand our results were similar to that of 2010 and while listing stock remains the driver to many key indicators, there are certainly a good number of properties turning over in the current market. The other variables that we see going forward include the upcoming interest rate announcement in September and the activity that will result from the Rugby World Cup.”
The Ray White Group has offices across the country and lists on average 21,000 properties per annum. The Group is also the leading facilitator of property management in New Zealand with 14,600 properties managed for landlords.
Receiver of the Soho Square development site in Ponsonby, Tim Downes of Grant Thornton, announced today that he had commenced an “invitation to treat” sales campaign, headed by Bruce Whillans, principal of Ray White’s Auckland commercial operations, in a fresh effort to sell the site.
Downes said that offers would be requested from some 20 or so pre-qualified prospects inviting them to participate in the process. Since his last Soho sale tender round a year ago, which did not produce an acceptable offer, the Receivers’ focus had been on obtaining an enhanced consent, allowing for a much larger development on the site. The enhanced consent was granted on 29 March 2011, which allows for a 45,348 square metre gross floor area mixed use development on the site (up from 32,286 square metre GFA) .
Downes said that the enhanced consent set the stage for a fresh sales campaign. Given the level of interest shown in Soho from a number of potential developers and his view on the recent increased activity in the commercial property market, Downes is confident that, this time, Soho will be sold.
For a full Information Memorandum on SOHO Square, please contact
Brendan Keenan Senior Analyst Ray White Commercial email@example.com 0r +64 21 161 3882
For information regarding the sale of SOHO Square, please contact
Bruce Whillans Director Ray White Commercial firstname.lastname@example.org 0r +64 21 985 619
Bruce Whillans of Ray White Commercial has produced his Auckland Commercial first quarter 2011 market update, the report also covers the activities in which are occurring in the Central Business District of Auckland. The report includes vacancy rates, yield and rental return. Analyst Brendan Kennan looks at the area of Auckland housing and also profiled are a number of significant properties that are currently being marketed by Ray White Commercial Auckland.
For further information regarding the report please contact Bruce Whillans on: 021 985 619 email@example.com
To see the first quarter Auckland commercial market update pleas click here
After becoming a member of the Ray White Group in August 2010, Bruce Whillans, the owner of Ray White Commercial Auckland, has completed over $60 million worth of sales in the first four months of trading. He has recently released his Commercial quarterly report. Please click here to download the report
Bruce Whillans and his team at Ray White Commercial’s new Auckland office in New Zealand have hit the ground running, clocking up more than $60 million in sales in their first four months.
The sales include the ground lessor interest (freehold) for the Albany Mitre 10 Home Centre, an industrial complex in Mount Wellington, and a portfolio of industrial properties in Penrose.
Mr Whillans said the sales successes have resulted in the Whillans team occupying the position of number one Ray White Commercial office internationally for the past two months.
“These results reflect our team’s focus and professionalism,” Mr Whillans said.
“We look forward to commanding a greater market share as our business grows.
“Market conditions are still challenging. However, our results prove that when properties are pitched correctly the demand is definitely there.”
Known as the billion dollar man of New Zealand commercial property, Mr Whillans purchased the Auckland regional franchise from Ray White Commercial earlier this year.
Mr Whillans has sold more than $1 billion of commercial property during his 25 year career.
Ray White Commercial CEO Mark Williams said Mr Whillans is a key member of the group and its growing business, not only in New Zealand but also in Australia and in South East Asia.
“Our vision is to be the leading agency in the markets we operate in and with Bruce’s vast experience and knowledge we will go a long way towards achieving that in commercial real estate in New Zealand,” Mr Williams said.
“Bruce’s strong relationships both in New Zealand and internationally will also be beneficial to the group and likewise the Ray White Group offices throughout South East Asia will assist Bruce.”
Originally from Barfoot and Thompson, Mariette has been involved in selling real estate for over 5 years now. Her recent success can be attributed to her amazing work ethic and the support she receives from her business owners, Stephen Wong and Glen Carpenter. “We are delighted with her progress and the energy she brings into the office. She is a diligent worker who puts in long hours to achieve her goals and targets” Stephen says.
Mariette’s dominance can be easily seen right across the Shore. Her signs are on display in most commercial areas; this in its self has given Mariette’s business a real surge due to her market profile. With commercial real estate growing steadily on Auckland’s North Shore, Mariette looks forward to her continued growth it what is often perceived as a hard sector of the real estate market.