CommercialQLDReal Estate Industry News

Ray White owners switching things up on the Gold Coast

Two of Ray White’s business owners have agreed to effectively swap offices and business names in what has proven to be a seamless transition.

With more than 21 years’ experience in real estate, Ray White Broadbeach – Broadbeach Waters owner Larry Malan is now the proud new owner of Ray White Mermaid Beach too.

Gary Gannon has sold his Mermaid Beach sales business and has relocated his property management team to the Mermaid Waters location, once owned by Larry Malan, which he will continue to operate going forward.

For Mr Malan, it was a natural step to expand into neighbouring Mermaid Beach and continue to see Ray White service the idyllic coastal community.

With his team now stretching from the southern part of the Gold Coast to central, Mr Malan said he was excited to be able to offer his customers more exposure and greater coverage.

“We now have the opportunity to extend our reach and expertise, plus our property offering has increased substantially,” Mr Malan said.

“We have specialists in every area covering apartments, residential waterfront and beachfront properties.”

Mr Malan, who started in real estate in 1998, has owned the dominant Ray White Broadbeach franchise since 2011 which has been a long standing, award-winning business both in the community and among the broader Ray White Group.

“The depth and experience of our team is like no other and we’re lucky to have so many quality agents ,” Mr Malan said.

“We have a number of top 10 Ray White Queensland agents working in our offices, so there’s lots to learn from the combined years of experience.”

Ray White Queensland CEO Tony Warland congratulated the pair on the business transaction.

“Larry’s respected by his peers and valued by his clients so it’s wonderful to see him accept this opportunity, one which will benefit the greater Gold Coast community,” Mr Warland said.

“The size and scale of the Ray White Group means that we can help business leaders in all stages of their journey. The beauty of our group is that we have the ability to help our owners with their ambitions.

Mr Gannon is a long-term member of the Ray White Group and has achieved a number of significant outcomes in running an award-winning business.

“His devotion to Ray White is unquestionable, and he is now being complimented by Larry Malan in this exchange transaction,” Mr Warland said.

“For us, succession planning is something we do with great care and finesse. Congratulations to both gentlemen on the transition.”

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