Media Release

Perth commercial property kingpins win major property gong

Perth, Western Australia (9 August, 2017) – Perth commercial property specialists, Anthony Vulinovich and Terry Menage, co-principals of Raine & Horne Commercial Western Australia have scored a major industry distinction for their services to the international real estate Superbrand.

Mr Vulinovich and Mr Menage were awarded the highly prestigious Max Raine Award, named after the real estate scion, who famously launched the 133 year old family business into franchising in the 1970s. The award was the highlight of the 2017 National Raine & Horne Awards held in Darwin recently.

Angus Raine, Executive Chairman of Raine & Horne, said, “The Max Raine Award acknowledges the commitment that Anthony and Terry have made to supporting Raine & Horne Commercial’s expansion in Western Australia over the last decade.

“Like many successful businesses in Perth, they haven’t allowed the dramatic economic downturn in Western Australia to get the better of them, and they have even doubled their sales numbers and commission revenues over the last 3 years,” said Mr Raine.

“Furthermore, Anthony and Terry are the ultimate commercial real estate professionals.”

A focus on client retention and building a strong internal culture is at the core of the success of Raine & Horne Commercial Western Australia, which recently moved into a state-of-the art office at 334 Cambridge Street, Wembley. The firm also launched a second office in Wangara this year to service the commercial markets in the northern suburbs of Perth.

“Anthony and Terry have developed new business units and work very hard at retaining clients, which is central to their business success,” said Mr Raine.

“They have also developed a very strong culture within the team, with staff turnover virtually a non-issue.”

Raine & Horne Commercial is now the biggest industrial land selling agency in Western Australia and it now represents three active industrial estates in the inner Perth metropolitan area, noted Mr Vulinovich.

“These estates include the Swan Brewery Estate in Canning Vale [i], the Tonkin Highway Industrial Estate [ii] in Bayswater and the Northern Industrial Park in Wangara [iii],” said Mr Vulinovich.

“We have sold pre-title over $40 million of land in the Tonkin Highway Industrial Estate, Perth, which is the city’s latest inner metropolitan industrial opportunity,” said Mr Vulinovich.

“Land parcels range from 1,100 - 15,000 square metres and titles expected in Stage 1 in early 2018.

"The estate sales reflect the strength of Perth’s industrial base, the unique locations of the three estates and the quality of the product.”

Other significant sales in the last 12 months include a 35,500 square metre industrial site at 10 Craft Street, Canning Vale, which was purchased by Sigma Healthcare for $11.557 million. The firm also sold 9 Brewer Road, Canning Vale to St Vincent De Paul Society WA Inc. for $5.454 million.

For commercial sales and leasing, contact Raine & Horne Commercial WA on (08) 6444 7200.

For further media information contact:

Angus Raine, Executive Chairman, Raine & Horne Commercial on 0409 920 697

Anthony Vulinovich, Co-Principal Raine & Horne Commercial Western on 0411 516 343