Raine & Horne Double Bay has extended its reach in Sydney’s Eastern Suburbs with the acquisition of Raine & Horne Bondi Beach.
“The expansion into Bondi Beach is a logical move for Raine & Horne Double Bay, and reflects the growing profile of Bondi Beach as a prestige Eastern Suburbs real estate market,” Angus Raine, CEO Raine & Horne, said.
Barry Goldman, co-principal of Raine & Horne Double Bay, said the purchase of the Bondi Beach office gives them access to a high-traffic area.
“Combining the talents of Raine & Horne Double Bay and Raine & Horne Bondi Beach has significantly increased the size of our team, which can now service a bigger slice of the eastern suburbs property market.”
The transaction also included a merger with sales and property management specialist LHI Real Estate Group.
“Our merger with LHI Real Estate Group means we have added seasoned real estate sales professionals Paul Langsam and Deborah Herrigan to our team, while this move also renews our focus on offering industry best service levels to our landlords and tenants,” Mr Goldman said.
Mr Raine said the previous owner of Raine & Horne Bondi Beach, Giora Friede, decided that, after almost eight years in Bondi Beach, “to look at some new opportunities outside real estate sales and property management”.