It is the company's second buyout of a Taranaki real estate firm in the last two years
The COVID-19 pandemic cannot stop Bayleys Taranaki from making an acquisition as it has announced that it will take over TSB Real Estate, one of the oldest realtors in the region.
Bayleys Taranaki has confirmed that it will acquire TSB Real Estate on October 22, its second buyout of a Taranaki realtor in the last two years. As part of the acquisition, all agents at TSB Real Estate had received an offer to transition to Bayleys.
“We look forward to welcoming TSB Real Estate's well-regarded agents into the Bayleys family and helping them grow their business in a focused real estate environment,” said Bayleys Taranaki general manager Dean File, as reported by Stuff.
“Bayleys and TSB have similar values – we're both New Zealand owned, focused on doing the best for our communities, and recognised as high-class service providers, so we're confident we can provide a great new home base for the TSB Real Estate team and their clients.”
Tracey Berry, the general manager for customer solutions and service at TSB, said the company had decided to sell its real estate arm to Bayleys Taranaki to give the best outcomes to its customers.
“This sale means we'll be able to focus our investment and skills on enhancing our award-winning standards of customer care in our core business of banking. We're working closely with our team to support them through this transition,” Berry said.
