10/12/2008 - 11:01

Herron Todd White expands WA presence

10/12/2008 - 11:01

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National property valuer Herron Todd White has expanded its presence in Western Australia following a merger with Southern Independent Property Valuers.

Herron Todd White expands WA presence

National property valuer Herron Todd White has expanded its presence in Western Australia following a merger with Southern Independent Property Valuers.

 

Below is the statement:

 

Australia's largest property valuers, Herron Todd White, have announced a merger with valuers, Southern Independent Property Valuers, bringing the national office total to 54, with coverage in every capital city as well as extensive regional coverage in all Australian states and territories.

The Perth merger is hot on the heels of another in July this year, with Sullivan Valuation Services, and were both a bid to respond to a need for local businesses to maintain financial stability through troubled economic conditions.

According to Herron Todd White Chairman, Mr Gavin Hulcombe, the decision to add local performers like Sullivans and Southern Independent was an obvious one.

"These mergers have been driven by Herron Todd White's expansion strategy designed to meet the changing needs of our client base, where clients are seeking to deal with only quality valuation firms able to meet their needs on a national basis," Mr Hulcombe said.

According to Director of Herron Todd White Perth, Brendon Ptolomey, by merging Southern Independent Property Valuers with Herron Todd White, both firms could have the best of both worlds.

"We have a large team of local valuers with wide ranging experience in the field every day, but we can also tap into the national strength of Herron Todd White, in particular the excellent IT systems and quality control."

Clients were also to benefit from the merger due to further coverage, with Herron Todd White South West offering two office locations, Bunbury CBD and one exclusively serving Busselton CBD.

With eleven employees, Herron Todd White South West recognised the need to partner with a respected national firm in order to leverage top results for their clients.

"Ultimately, we chose to merge with HTW because we found they were respected, professional and share the same business philosophy we do," said Shane Greaves,

According to Mr Ptolomey, Herron Todd White South West were already making plans to stream line work processes and extend their specialist fields, including valuing viticulture/wineries and broad acre pastoral.

Mergers have occurred effective 1 December 2008 with firms previously known as; Riverlink Valuers (Vic and NSW), Southern Independent Property Valuations (WA), Cleary Valuers (Vic, SA, NSW), Select Property Valuers (Vic, SA, NSW), Boyd Law & Wood(Vic).

The above resulting in Herron Todd White offices in Mildura (Vic), Swan Hill (Vic), Echuca (Vic), Deniliquin (NSW),Busselton (WA) and Bunbury (South West WA.).

In addition, effective Monday 8 December, merges have occurred with firms previously known as Franz J. Tursi and Associates (Vic) and Central Gippsland Valutions (Vic) resulting in Herron Todd White offices in Horsham, Sale, Bairnsdale and Traralgon (Vic).

According to Mr Ptolomey, the mergers have been driven by Herron Todd White's expansion strategy to meet the changing needs of the client base who are seeking to deal with only quality valuation firms able to meet their needs on a national basis.

It is expected that there will be further announcements concerning other exciting expansion developments in the near future.

"While the general economic climate has resulted in some reduced work volumes, we seem to be getting a larger piece of a shrinking pie in terms of marketshare. Many clients continue to consolidate their suppliers to only the national providers such as Herron Todd White who can provide valuation advice on all types of property including residential, rural, commercial and industrial portfolios and now, with the addition of Shane Greaves, an experienced dedicated Vineyard and winery Valuer," Mr Ptolomey said.

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