Franchise connects local office with foreign buyers

Franchise connects local office with foreign buyers

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A new Raine & Horne inner-Sydney office is preparing to do business with another new office that the franchise has opened in Dubai.

Raine & Horne has just opened an office in Surry Hills after announcing last month that it had expanded into the United Arab Emirates.

Surry Hills co-principal Jason Ballo said he welcomed the Dubai link because it fit perfectly with the office’s strategy to target foreign investors.

“My clients in the emirate have an appetite for property transactions in Sydney, which means we can provide a faster and certainly more transparent path to market for them,” Mr Ballo said.

“We have international clients in Eastern Europe, China and the Middle East, and by joining Raine & Horne we will achieve our ‘economy of scale’ objectives faster by being able to reach out to more than 1 million investors in Australia and around the world via its unique global database.”

The Surry Hills office is also expected to benefit from the billions of dollars of development that are being spent in inner-city, Mr Ballo said.

“Notwithstanding the infrastructure investments, real estate will continue to be a finite commodity in Sydney’s inner city, and this will underpin long-term capital growth for investors and owner-occupiers, whether they buy apartments, redevelop a warehouse, or renovate a Victorian-era terrace,” he said.

[Related: Raine & Horne prepares to expand into four more countries]

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