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New building, new name . . . Property Brokers

One of Gisborne’s top realtors has a new name after brokering its own sale.

Quay Real Estate in Gisborne — trading as LJ Hooker and Colliers Real Estate — has merged with Property Brokers.

“It’s great that a company with exceptional skills in real estate and a real focus on being a positive influence on the community has chosen to come to Gisborne,” Gisborne branch manager George Searle said.

Formed in Palmerston North in 1989, the Property Brokers team have grown to include about 600 staff members across more than 40 branches.

“With extensive networks both nationally and internationally, Property Brokers is well placed to take our existing business to the next level,” Mr Searle said.

Property Brokers managing director Tim Mordaunt said the Gisborne operation was seen as a good fit for the company.

“Our company has always admired and respected the Gisborne operation. They are a very effective, well-run business, with high market share and a great culture.

“We are excited and thrilled to welcome the Gisborne team into our family.”

Property Brokers was a proudly provincial company and 100-percent New Zealand-owned, he said.

“We have found real synergy between the Quay Real Estate team and our people ,and the negotiations we had were smooth and amicable.

“Property Brokers is immensely proud to live, work and play in the communities and regions it serves.

“This merger rounds out Property Brokers’ dominant footprint on the East coast from Martinborough to Gisborne and extends our rural, commercial,residential and property management coverage.”

Property Brokers chief operating officer Bill Highet said all the existing Gisborne team would transfer over to Property Brokers.

“We are very impressed by the way they operate there so we don’t see the need to change anything there right now, but there is some expertise among that group, and it would be good to utilise that more effectively across the whole country and not just Gisborne — particularly the forestry expertise that exists there and we are looking at how we can do that.”

Mr Highet said the company expected to grow the business further.

The team are expected to move into the newly-branded and revamped building on Reads Quay on August 8.

A NEW ERA: LJ Hooker and Colliers Real Estate Gisborne staff will move into their rebuilt premises on Reads Quay under a new name after merging with Property Brokers. Picture by Rebecca Grunwell