7 April 2015
Raine & Horne chief joins ministerial delegation to the Middle East
Angus Raine, Executive Chairman and CEO of leading real estate group, Raine & Horne, will be visiting the Middle East this month as part of a business delegation hosted by the Hon. Andrew Robb, Minister for Trade and Investment.
It will be a whistle-stop tour of key Middle Eastern markets from the 12th April, and Mr Raine is travelling at the personal invitation of Minister Robb.
Mr Raine said his decision to join the delegation was twofold, and includes spreading the Raine & Horne message globally, while simultaneously turning the spotlight on the long-term benefits of buying commercial and residential property in Australia.
“2015 is shaping as a year of international expansion for Raine & Horne International, which already has offices in Asia, the Pacific, Europe and the Middle East.
“We’ve started the year with the launch of Raine & Horne Dubai, which is already employing 25 property specialists and is led by the experienced team of Sanjay Chimnani and Surender Bhojwani,” said Mr Raine.
“Raine & Horne has 132 years of history and it has never had a change of ownership in this time. Family is a big factor in Middle East markets, which is why we believe there is a significant future for Raine & Horne in this region.”
Mr Raine said joining the business delegation represents an opportunity to take Australian real estate to the world.
“Australian real estate is a safe and secure investment, which is a strong alternative to other asset classes,” he said.
“There are some fantastic property markets in the Middle East such as Dubai. However for investors looking for some international diversification, it’s hard to go past the safety of Australian bricks and mortar, which consistently produces average annual double digit returns.
“Offices such as Raine & Horne Dubai will prove the perfect way for investors from the Middle East to buy into Australian real estate.”
For further media information contact:
Angus Raine, Executive Chairman and CEO of Raine & Horne on 0409 920 697
Andrew Harrington, National Communications Manager, Raine & Horne on 02 9258 5400