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A leading real estate group has announced a merger in South Australia in a bid to further its market share.
Raine & Horne has merged its South Australian operation, acquiring its network in the region from long-term owners Chris and Sue Weston.
The merger comes on the heels of similar moves in Western Australia in 2008 and Queensland in 2009.
The network initially opened in South Australia in 1988 with an office in Adelaide. Mr and Mrs Weston made the switch to Raine & Horne in 1995.
“As part of our strategic plans, we convinced Chris and Sue Weston, who had built a strong network of offices in South Australia, to switch to Raine & Horne,” Angus Raine, executive chairman Raine & Horne, said.
“As part of this agreement, we granted Chris and Sue the master franchise for Raine & Horne in South Australia in August 1996.”
“As a result of our mutual discussions, Chris and Sue have decided to focus their attentions on their Raine & Horne offices at Oakbank, Birdwood, Gawler, Two Wells, Blackwood and Raine & Horne Darwin, which they personally own and operate,” Mr Raine said.
The couple has been a part of the network for more than 20 years and will continue to work closely with management.
“We are proud of our 20-year association with the Raine family, firstly with former chairman Max Raine and more recently Angus,” Mrs Weston said.
“With our son Tom Weston leading Raine & Horne Mount Barker and our daughter Georgia at Raine & Horne Oakbank, we look forward to continuing our long-association with Raine & Horne.”
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