Harcourts' property management growth continues

Harcourts' property management growth continues in Christchurch

12 November 2008: The Harcourts group's involvement in the property management market in Christchurch has increased further, with one of the brand's franchises forming a joint venture dedicated to property management and another expanding in this field via a recent acquisition.

Harcourts Holmwood Real Estate Ltd has formed a joint venture with former independent property managers Caroline Register and Trent Godfrey, together opening a new Harcourts property management office in Ilam, meanwhile Harcourts Intotal Property Management has recently increased its involvement in property management by purchasing Breeze Property Management, which it is now amalgamating into its own property management joint venture business.

Harcourts Holmwood co-owner Simon Hollander says entering the property management industry is an exciting step for the company, which already operates four real estate sales offices - two in Ilam, one in Merivale and one in Fendalton.

"The new property management operation is an exciting added-value addition for the Harcourts Holmwood sales teams to lean on and vice versa, ensuing that our group can meet all of the property needs of our of combined client base."

Business partner Caroline Register, who is managing the new property management office at 290

Clyde Road in Ilam, says her growing team is keen to increase its marketshare and to build strong relationships within Harcourts Holmwood and the rest of the group in order to contribute to their success, she says.

"In the short time since the joint venture was established we have already seen Holmwood sales consultants referring clients to our property management team and we also have referred clients back to the agents for assistance with property sales, so we are off to a fantastic start."

Meanwhile, following a move last year multi-office franchise Harcourts Four Seasons Realty to team up with a successful independent business owner to launch Harcourts Intotal Property Management, the joint venture company recently bought established Christchurch independent Breeze Property Management.

Harcourts Four Seasons Realty Co-owner Kevin McKay says the move has increased Harcourts Intotal Property Management's rent roll and property management team, further consolidating its position in this specialist area of the real estate industry.

"With a bigger team we can better serve our recently combined client base and we're also well positioned for additional growth in our property management portfolio, so those are both really positive outcomes."

As Mr McKay explains, the Breeze Property Management operation is being amalgamated into the Harcourts Intotal Property Management business which is based at 405 Main South Road, Hornby.

Harcourts New Zealand CEO Bryan Thomson said growing Harcourts share of the rental property management business is crucial to ensuring the group can provide seamless service to its clients.

"The ability for our clients to access the full range of services with regard to their property transactions is a massive advantage we can offer and the latest expansion of Harcourts property management services in Christchurch is excellent news for investment property owners in that market."

ENDS

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