Powered by MOMENTUM MEDIA
realestatebusiness logo
Subscribe to our newsletter SIGN UP

Ray White introduces out-of-the-box solution to solve complex, multi-layered transactions

11 September 2018 Tim Neary
Ray White, Andrew Starr, Bruce Birch

One of the country’s largest networks has taken an innovative approach to getting large, multi-layered and sometimes complicated deals across the line.

Ray White Rural and Livestock has appointed a Sydney-based corporate sales and marketing entity to service large-scale agribusiness transactions and divestments.

The team, led by Andrew Starr, one of the group’s top rural principals, and Bruce Birch, its national livestock director, will partner with local specialists in the New South Wales network of Ray White Rural to handle large corporate deals and complex aggregation sales.

Together, they will focus on selling major agribusiness transactions as well as livestock.

This new business initiative was inspired by the long-term success of a corporate grassroots entity in Brisbane, Ray White Rural Queensland, directed by Bruce Douglas and Jez McNamara. The Brisbane-based business works collaboratively (and exclusively) with Ray White Rural’s local agents in the sunshine state helping to facilitate rural property transactions.

Mr Starr said that the Brisbane model has set a worthy precedent.

“This approach has worked well for vendors in Queensland for 25 years, and we anticipate it will be as attractive for clients in New South Wales,” the director said.

“The strength of relationships with family offices, corporates and international contacts based out of a capital city, coupled with the local knowledge, ease of local inspections and the reputation of our agents on the ground, has proven an attractive option for many vendors with major agricultural assets to sell.”

Mr Birch said that there were significant upsides to the dual-agent approach.

He also said that the model would expose properties to a broader buyer pool.

“We’ll work with the nearby property specialist within Ray White Rural to market larger farmland parcels to prospective purchasers in the local district, to managed funds and corporates and to purchasers around the world.”

The new NSW business will be based in Sydney and will operate state-wide.

Ray White introduces out-of-the-box solution to solve complex, multi-layered transactions
lawyersweekly logo
FROM THE WEB
Recommended by Spike Native Network

What is the worst mistake vendors make?

Price too high
Taking low offers too personally
Neglecting curb appeal
Not ‘staging’ the home for sale
Do you have an industry update?
REAL ESTATE BUSINESS NEWSLETTER
Ensure you never miss an issue of the Real Estate Business Bulletin. Enter your email to receive the latest real estate advice and tools to help you sell.