AUSTRALIA’S oldest real estate group is now in new hands, after its managing director secured a deal to buy the group.
After more than a year of negotiations, Richardson and Wrench group managing director Andrew Cocks bought the organisation from the Wong family which had owned it since 1988.
Mr Cocks who joined the group in 2009 said since then he had worked to make the organisation stronger for the future.
Outgoing chairman of Richardson &Wrench Holdings, Neil Wong, said they had decided to part with the asset after a refocus of the group’s investments.
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New Richardson & Wrench owner Andrew Cocks.