Raine and Horne

the firm’s principals. A family legacy spanning 140 years has proven a key advantage for the firm’s expansion in the region. “The fact Raine & Horne has been in operation for over 140 years with a Raine family member at the helm the entire time has significant cut-through in the Middle East and indeed Asia,” explains Angus. “Most businesses in this part of the world have started from a family background.” This was deeply apparent when Angus met with his highness Sheikh Mohammed bin Rashid Al Maktoum, ruler and Prime Minister of Dubai in 2015. As part of its ongoing expansion plans, Singapore is earmarked as a likely location for a regional Asian hub. At the same time, the firm has its sights set squarely on our neighbour across the Tasman, New Zealand. Buying back the farm Domestically, Raine & Horne continues to consolidate its operations. In 2008, the decision was made to repurchase the master franchise for Western Australia. This was followed by the buyback of the master franchise for Queensland the following year. More recently, in late 2016, the firm purchased back the master franchise for South Australia. It was an historic occasion as Raine & Horne had opened its first office in South Australia in 1988, when Max Raine was at the helm of the network. In 1995, the super brand decided to pursue a far greater presence and market share in South Australia, granting the master franchise for Raine & Horne South Australia to Chris and Sue Weston, who had built a strong network of offices throughout the state. Over a quarter of a century later, the decision to ‘buy back the farm’ means a valuable injection of capital into the South Australian network, including a significantly enhanced state office. A strengthening foothold in growth centres As Australia’s most populous cities, Sydney and Melbourne, continue their path of rapid expansion, often into suburbs that don’t yet have names, Raine & Horne is ensuring a firm foothold is part of that growth. For example, the firm has a presence in Penrith, to the west of Sydney, where the construction of Sydney’s second airport is set to underpin population growth of 25 percent by 2036 . Change isn’t dictated by geography alone. Raine & Horne is witnessing a new trend – the growth of ‘mega-offices’, large With a history dating back to 1883, the family owned and operated Raine & Horne Group is a significant exception to the ‘three generations’ rule – and with good reason 139