Login
iscover
Two real estate agencies in North Sydney will merge to form one office under the Richardson & Wrench brand, in a bid to create a new business with significant scale.
Richardson & Wrench (R&W) North Sydney will merge with First National North Sydney, making it the largest office of its type in North Sydney and one of the few to have a ground floor presence in the heart of the North Sydney CBD.
In addition to residential and commercial sales, management and leasing, the merged R&W North Sydney office will have its own project marketing division to be known as R&W Ben Boyd Project Marketing and Developments and R&W Hotels and Leisure, specialising in sales of hotels, motels, caravan parks and boarding house accommodation.
The office will operate under the leadership of principal Mark Smith and managing director Tim O’Halloran.
As a result of the partnership, two top-performing real estate offices will now be able to offer customers the benefit of more than 250 years of combined experience, Richardson & Wrench managing director Andrew Cocks said.
“It gives our network a significantly enhanced presence on the north shore, where our offices are all outstanding performers in their respective territories,” Mr Cocks said.
Mr Smith – the principal of First National North Sydney since 2003 – said the merger was instigated by the NSW government’s demolition of the R&W North Sydney office to make way for construction of the Victoria Cross station on the new Sydney Metro train line.
“Richardson & Wrench were in need of a new home and we saw an opportunity to merge two outstanding businesses to make one single office, leveraging the strength of the R&W brand on the lower north shore,” he said.
Mr Smith said it was an exciting time for the business that started in 1953.
“The business has successfully navigated its way through recessions, leadership changes and relocations as the landscape of North Sydney has changed but [it] remains the largest of its type in North Sydney.”
You are not authorised to post comments.
Comments will undergo moderation before they get published.