PHOTO: Southern Wide Real Estate Otago
Southern Wide Real Estate Otago has been bought by Property Brokers.
The two companies had been in discussions for more than a year and completed negotiations recently. Southern Wide will become a part of Property Brokers from the end of this month.
“We are excited about this opportunity as it further strengthens our position in the local market,” Property Brokers chief executive Bill Highet said.
“As one of the largest non-franchised real estate companies in New Zealand, this move further reinforces our presence in the Otago region.”
Property Brokers already had a presence in Oamaru before late last year when it bought the real estate arm of Farmlands.
“That gave us a very small presence in Dunedin and Central Otago,” Mr Highet said.
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