CommercialReal Estate Industry NewsSA

Ray White Norwood celebrates growth with REISA HQ purchase

Ray White Norwood Directors, Jason Spagnuolo and Sam Brincat, have celebrated the impressive growth of their business by purchasing the former Real Estate Institute of South Australia (REISA) HQ for $3,125,000.

After opening their doors in February 2017, Mr Spagnuolo and Mr Brincat have gone from six staff members to a team of 34.

“It’s always been a dream of ours to own our own premises, and it’s something we couldn’t pass up on as we look to support our continued growth,” Mr Spagnuolo said.

“We’ve been looking for a property that ticked all the boxes for some time and when REISA HQ came up, the proximity to the east, size of building and number of car parks was all we wanted.

“It’s a stand-out property that has terrific exposure and I love the fact the building will live on as a real estate-related entity.”

Mr Brincat said they plan to leave the renovations to the professionals and they hoped to move into the building in the first half of 2020.

“We can’t wait to move in next year and actually, given the strategic growth we’ve had, it became more of a necessity than a want,” he said.

“We now have sales agents, loan market brokers and property managers, and we aspire to continue growing as we already integrate so well together.

“Ray White is fantastic in that it allows you the freedom to build a successful business, and when other people see your growth and success, they want to be a part of it.”

Ray White SA/NT CEO Matthew Lindblom said the purchase was recognition of the hard work and tactical growth employed by Mr Spgnuolo and Mr Brincat.

“Ray White sells more luxury homes than any other brand in Australia, and this is a very important step for Ray White Norwood in the eastern suburbs,” Mr Lindblom said.

“Ray White Norwood understands how to maximise competition through marketing and auction to achieve premium sales results for their clients.

“Jason and Sam are exceptional leaders who have a high-performing, experienced team, backed by the Ray White brand – a house-hold name that has over 1000 offices across the world and is still proudly family-owned.”

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