Ray White Opens New Office In Blenheim

Media Release August 2008

Ray White Opens New Office In Blenheim

The leading real estate group Ray White is moving into Blenheim, through a rebrand of Blenheim Real Estate Ltd MREINZ by experienced real estate operators Mark Horgan and Stuart Parker. The rebrand makes the office a member of Ray White exclusively.

With national real estate statistics reflecting a downturn in the sector, it may seem an unexpected time to be expanding, but Mr Parker says the reason for bringing the Ray White brand to Blenheim is twofold. “Firstly, real estate is cyclical by nature and we’ve been through these times, with a softened market, before. There are always people looking to buy and sell, and from our point of view it’s simply about working smarter.

“Secondly, Blenheim is a very positive area and isn’t feeling the downturn to the degree that other regions are. It has a lot to offer, particularly with its strong mussel and wine industries. It’s also a booming part of the country for tourism, with a growing population, and it’s well positioned in relation to the major cities.”

Mr Parker said the decision to make the change to Ray White was easy: “Ray White’s use of technology is much more advanced, which gives us more to offer the vendor.”

The office’s focus will be on residential, commercial and rural property in the area.

Kyle Pitman, Ray White General Manager South Island, says the Blenheim opening comes at a time of opportunity for the company’s mainland operations, in which Ray White’s Canterbury coverage has increased to 23 offices with the addition of three new offices – in Opawa, Rolleston and Ilam – in the past three weeks alone.

“The market is tight, that’s indisputable, but the South Island is steady with growth in a number of areas, and the sales are there to be made when the team and its infrastructure are strong. Mark and Stuart are experienced and dedicated operators who understand the region well, so it’s a great coup for Ray White that they’re joining our group.”

ENDS

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