Aussie real estate chain Raine & Horne has revealed it will open four sites this month on New Zealand’s North Island.
The brand expects to move into the South Island later in 2023.
Raine & Horne’s launch across the Tasman will include acquisitions of real estate networks in New Zealand.
Angus Raine, executive chairman of Raine & Horne, is excited by the expansion plan which has been in the pipeline for some time.
“While it’s fair to say the New Zealand property market is facing some challenges along with the distressing damage caused by Cyclone Gabrielle recently, we feel the timing is right for us to support the real estate industry and property consumers,” he said.
Raine & Horne New Zealand expansion plans
“There is significant appetite for another major real estate brand in New Zealand, especially in this softer market where many, particularly independent businesses, are increasingly realising there is great value and safety in being a member of a major real estate group such as Raine & Horne.
“Given our affinity with New Zealand and the similarities in how our two countries transact real estate, we have been eyeing an expansion across the Tasman for some time as a natural next step in our evolution.”
Raine said the brand is taking an aggressive approach to its cross-Tasman expansion.
The real estate powerhouse has appointed experienced Keith Niederer as network Manager for New Zealand to lead the office growth.
Niederer has held senior executive positions with other real estate groups in New Zealand where he guided the acquisition of several real estate groups.
“Raine & Horne’s astute and multimillion-dollar investment in its technology, such as Amplify and DigiKitPlus that are exclusive to our group, are massive prospecting tools for us as we expand across New Zealand,” said Niederer. “These products particularly resonate with the younger people entering the real estate industry.”
Raine & Horne is a fourth-generation family-owned and operated real estate business founded 140 years ago and is still under the ownership of the Raine family.
Raine said “We are also one of the southern hemisphere’s oldest continuously operating firms. Today we have offices in Australia, the South Pacific, Asia, the Middle East, and India, with four offices in New Zealand opening in the next few weeks. So, watch this space.”