06 | Insights H1 2024 The inaugural Raine & Horne Commercial “National Auction Event” held on 30 November 2023 in rooms and online, generated over $40 million in total value sold from the successful sale of 12 high-calibre commercial properties, including four sold prior to auction. Mr Chris Nicholl, General Manager, Raine & Horne Commercial, highlighted that the auction showcased an array of multimillion-dollar industrial properties alongside a diverse selection of office spaces, retail units, medical suites and even a Hungry Jacks restaurant. “Significantly, with more than 600 physical and online viewers, the National Auction Event appealed to a broad range of commercial real estate buyers from private clients, investors, self-managed super funds, developers, and investment managers,” Mr Nicholl said. “The deep pool of properties from city and regional markets is also a testament to Raine & Horne Commercial’s extensive experience working with local and private clients since 1883 and our market presence nationwide. “By undertaking initiatives like this, we provide a national platform for our agents to market their vendor’s properties while still leveraging their invaluable local knowledge of their respective suburbs and towns, which has always been Raine & Horne Commercial’s competitive edge.” Mr Nicholl continued, “Raine & Horne Commercial’s unique strength lies in its focus on working with SMEs, owners, investors, fund managers and developers of commercial properties that cater to local businesses nationwide. Our ability to collaborate as an office network allows us to maximise the benefits of the auction method for our vendors.” National Auction Event yields sales of over $40 million
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