New alliance between Nichols Crowder and Kevin Wright Real Estate
Nichols Crowder, the leading commercial and industrial real estate agency on the Peninsula, has formed an alliance with Mornington-based agency, Kevin Wright Real Estate. Starting March 1, 2017, Nichols Crowder took over Kevin Wright Real Estate’s property management business, with Kevin Wright Real Estate retaining its sales and leasing divisions.
Richard Wraith, Director of Nichols Crowder, says, “This alliance adds to the thousands of commercial and industrial properties we currently manage, allowing us to offer more efficient services to landlords and tenants.”
Existing clients of Kevin Wright Real Estate will continue to receive personalised property management services. As explained by Kevin Wright, “Some of the Kevin Wright Real Estate staff will now manage the company’s commercial and industrial property portfolio through the Nichols Crowder office, providing continuity of service to clients.”
Of Nichols Crowder’s 50 staff, almost half are dedicated to the administration and management of client properties. Due to its complex nature, commercial and industrial property management requires a substantial amount of work and knowledge than merely collecting rent.
Michael Crowder, Director of Nichols Crowder, explains, “In addition to annual inspections and market reviews, property managers collect council rates, water charges and insurance from tenants. They also require knowledge of land tax, essential services, disclosure statements and the Retail Leases Act. As we’re commercial and industrial property specialists, our dedicated and reliable property management team understands rental levels and demand when it comes to reviews, and is able to find good tenants when properties become vacant.”
The alliance between Nichols Crowder and Kevin Wright Real Estate will provide additional data for the commercial and industrial research work carried out by Nichols Crowder each quarter. The company currently publishes an annual report and either quarterly or half-yearly reports, providing key trends and analysis about the industrial, office, retail and development land markets across the region and its key segments.
Kevin Wright Real Estate has also specialised in business sales over the past 16 years to become the premier business sales agent on the Peninsula. For more information, please contact Kevin Wright on 0417 564 454.
Nichols Crowder has offices in Carrum Downs and Moorabbin, operates Nixon Industrial, and provides owners corporation management services through its 37° Owners Corporation business. For more information, please contact Michael Crowder on 0408 358 926, or Richard Wraith on 0419 564 528.