Raine and Horne

A Super Brand in the Commercial Market USTRALIA’S ENDURING love affair with property isn’t limited to residential homes. The commercial property sector offers a wealth of choice and opportunity, and Raine & Horne has partnered with countless investors and business owners over the past 140 years to support the purchase and management of warehouses, retail outlets, office buildings and a host of commercial investments across the nation – and through its international offices, around the globe. Not such a newcomer In the minds of Australian home buyers, Raine & Horne is synonymous with residential property. But the firm also has an enviable track record in the commercial sector. Having forged his early career chiefly in commercial property, it is not surprising that Angus Raine, Executive Chairman of Raine & Horne, has a particular passion for the commercial market. However, it was his father Max Raine, who recognised the importance of the growing sophistication of the commercial sector for investors and entrepreneurs with the rise of Real Estate Investment Trusts (REITS) and launched a new arm of the business – Raine & Horne Commercial, in 1984. Angus Raine said: “We could see investors had an increased appetite for commercial real estate as a way of diversifying their investment portfolios”. This relatively recent development belies the firm’s longstanding experience in commercial property, which spans its full 140 year history. Indeed, Tom Raine and Joseph Horne, enjoyed significant success with commercial property from their earliest beginnings. As early as 1889 for instance, Raine & Horne managed the sale of a Redfern complex of racing stables owned by the Cooper Estate. The business also managed a number of land sales in and around Pyrmont, which by the turn of the century had become a highly industrialised area. In 1901 the firm was engaged to sell the Ancient Briton Hotel at Glebe Point, and in 1909 Raine & Horne were appointed to the sale of the Lyceum Theatre located on the corner of Castlereagh and Pitt Streets, securing a price of £24,000. The Cooper Estate, which was so critical to the early success of the business, comprised many commercial buildings. Indeed, through the Cooper connection, the firm formed close business ties to the semi-industrial suburbs south-west of the Sydney central business district (CBD). Nonetheless, the core property of the Cooper Estate covered nearly an acre Helping people find fortune in commercial property A Previous page main: Commercial real estate has been ingrained in Raine & Horne’s DNA since 1883. Previous page insets: Raine & Horne Commercial excels in office, retail, and industrial. 104