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The franchise network’s commercial arm has announced the appointment of a new NSW-based director.
Highly experienced real estate professional Michael Ajaka will take to the role and be responsible for growing the Ray White Commercial team across the state.
"Michael Ajaka is an experienced senior operator with more than 30 years in the real estate and property industry and we are looking forward to Michael playing an important role in our expanding commercial business," Ray White Commercial NSW managing director, Jeff Moxham, said.
"Michael has an understanding of all areas of the commercial property sector including commercial, retail, development and in particular investment property sales. He has also operated in the Sydney CBD, south Sydney, North Sydney and Parramatta markets, which is of great interest to us with our business having offices in these key markets over time.
"Most importantly, his irrefutable reputation in the market as an honest and hard-working operator is a perfect fit for our business, both internally and externally."
Mr Ajaka said he was thrilled about joining forces with the Ray White Group and looks forward to the opportunity his new role will present.
"Becoming part of the Ray White family and working with the team at Ray White Commercial NSW is an opportunity to be part of a growing business that has a reputation of client focus and developing strong relationships," he said.
"The Ray White story I found particularly inspiring, still a family owned business with family values after 114 years that is now Australasia’s largest real estate business with an annual turnover in excess of $35 billion every year.
"It is well recognised by private clients, syndicates and corporates, both locally and offshore.
"The brand offers excellent recognition in the market place."
Mr Ajaka said his new role will see him focus on leased investments, including service stations, fast food restaurants and office buildings.
"Buyers are still aggressively seeking leased investments from $3 million to $5 million with high yields, depending on the property," he said.
"In today’s market, demand is strong for long-term leased assets offering blue chip brands."
[Related: RE/MAX unveils strategic appointment]
ABOUT THE AUTHOR
Emma Ryan
Emma Ryan is the deputy head of editorial at Momentum Media.
Emma has worked for Momentum Media since 2015, and has since been responsible for breaking some of the biggest stories in corporate Australia, including across the legal, mortgages, real estate and wealth industries. In addition, Emma has launched several additional sub-brands and events, driven by a passion to deliver quality and timely content to audiences through multiple platforms.
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