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Prime Property Management sells to Livingstones Wellington

Published 17 October 2006

Prime Property Management Ltd has sold its business to Livingstones Wellington Ltd. Co-owner Alison Pharaoh & her staff will join the Livingstones team while David Tuck will carry on business on his own account.

Prime staff have moved into the Livingstones premises, merging 2 of the most experienced teams in Wellington commercial property management.

Livingstones Wellington general manager Crispin Mylne said today: “We are the largest independent property company dedicated to property management services in Wellington and know the Wellington commercial market exceptionally well.

“For the Prime clients it will be business as usual, but they will now be supported by a large pool of talent in all areas of property.”

Linvingstones has a diverse client base and manages all types of property, from small retail units to highrise office buildings, industrial properties, shopping centres & body corporates.

Livingstones was founded in Christchurch in 1919 but expanded to Wellington only in 2004, when it acquired Cranmer Property Resources Ltd. Cranmer principal Barry Smith has continued as an executive director of Livingstones Wellington.

The Wellington company’s core business is property management, not agency with property management clipped on the side, although in Christchurch it operates in commercial real estate & valuation.

Under the new setup, Mr Mylne is general manager, Mr Smith executive director, Anna Smith regional retail manager and Ms Pharaoh business development manager.

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Attribution: Company release, story written by Bob Dey for this website.

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