Harcourts expands property management portfolio

MEDIA RELEASE

Harcourts expands property management portfolio

Harcourts New Zealand CEO Bryan Thomson announced today an expansion of the company’s property management portfolio.

The expansion follows recent agreement between Harcourts and Bribanc Property Group, a subsidiary of Blue Chip’s Master Franchisee in New Zealand, to sub-contract the property management of a significant proportion of Bribanc’s residential property management portfolio.

“Under the agreement a number of Harcourts business owners have sub-contracted to manage Bribanc’s Greater Auckland residential property management portfolio. The changeover has already commenced with the management of a number of properties included in the contract already transferred to Harcourts and the balance to be transferred shortly,” Mr Thomson said.

Bribanc is contacting the tenants and owners of the properties covered under the new sub-contracts to advise them of the changeover, subsequently tenants will receive relevant information from Harcourts.

The CEO of Blue Chip’s Master Franchisee in New Zealand (Diem Limited), Neil Bell, says the company is thrilled to have been able to sub-contract Harcourts as property managers for a significant portion of the investment properties on their books.

“Harcourts is an established and reputable company with a proven track record in property management and we are delighted to be able to employ their services for the benefit of our clients. We have the utmost confidence that Harcourts has the experience, the people and the systems necessary to effectively manage the properties covered,” he said.

“We made the decision to outsource the lion’s share of our property management function to Harcourts to enable us to focus on our core business, further assisting us to develop wealth and ongoing value for our investors”, he added.

ENDS

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