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Lodge Real Estate buys Cambridge Real Estate

Lodge Real Estate buys Cambridge Real Estate

Hamilton, 18 November 2014 – Leading Hamilton real estate company, Lodge Real Estate, has bought a stake in Cambridge Real Estate, partnering with well-known rural salesperson David Soar, and existing shareholder Sherry Herkes.

Lodge Real Estate’s managing director, Jeremy O’Rourke, says the change in ownership will not result in any change to Cambridge Real Estate’s existing brand or staff.

“We want to assure people that Cambridge Real Estate’s brand and staff will remain as they currently are, despite the acquisition,” he said.

“The most significant change is that clients will now have access to a full range of real estate options in both Cambridge and Hamilton.”

Mr O’Rourke said that the geographical proximity of Cambridge and Hamilton means buyers naturally tend to look at property in both centres.

“Now, as owners of Cambridge Real Estate, we can easily make referrals between teams at the two centres,” he said.

Cambridge Real Estate principal officer Gary Redgate said the team in Cambridge are enthusiastic about the change.

“Lodge Real Estate is regarded as the number one residential agency in Hamilton and we’re extremely pleased to now have this alliance with them.

“We are looking forward to tapping into the wealth of knowledge that Lodge Real Estate possess, and use it to enhance what Cambridge Real Estate has already achieved in Cambridge.

“We see the change in ownership as an advantage for the future of Cambridge Real Estate. Clients will benefit tremendously as far as variety goes,” he said.

Lodge Real Estate is Hamilton city’s largest real estate agency by volume with over 35% of market share.

ENDS

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