Bayleys floats Metro Markets team for city
Bayleys is launching an Auckland Metropolitan Markets team designed to provide clients with a full range of services, coverage and knowledge across office, retail, mixed-use and land assets.
With vendors, buyers and occupiers looking to turn the page on last year’s market uncertainty, extreme weather and interest rate hikes, agents in the Auckland commercial real estate market are encouraged by robust inquiry levels, early indications of growth and the return of investors.
Lloyd Budd, executive director for Bayleys Auckland Commercial and Industrial, said the new team is well placed to service commercial investors from those with diversified portfolios and complex needs to smaller investors and owner-occupiers.
“Our clients will all benefit from the Auckland Metro team’s broad coverage and dealdriven insights,” he said.
“Now purchasers can deal with one agent when exploring a selection of properties for sale, while vendors will benefit from the combined pool of active purchasers held by the expanded team.
“Auckland Metro is another example of Bayleys’ Altogether Better strategic approach to real estate. By creating a single centre of service excellence, we not only streamline our clients’ interactions with Bayleys but also enhance the value they gain by dealing with us.”
The team is headed by Alan Haydock, who brings 25 years of agency experience, over a billion dollars in commercial sales and leadership skills to the task.
Haydock said harnessing the collective experience, knowledge and networks of Bayleys’ existing city and fringe specialist teams and weaving them into a powerhouse squad with deep reach and broad intelligence across asset classes is an exciting challenge.
“There’s tremendous upside to be unleashed.
“My mission is for the Auckland Metro team to deliver a truly bespoke service to our loyal client base of savvy and pro-active investors, developers and owner-occupiers.
“By merging the teams, we create a multi-layered service offering with the client at the centre, and it helps us maintain a well-curated database of qualified purchasers.
“Knowledge is everything in our business and the merger makes intel sharing between agents more rapid and efficient.”
Another important aspect of the combined team is support for young agents.
“Bayleys is an established New Zealand family-owned business and growing the next generation of high-performing agents is a strategic priority,” said Haydock.
The team already provides tailored mentoring between experienced brokers and young agents.
According to Haydock, this personal connection ensures that everyone gets on-the-job training, leadership experience and a touchpoint for market insights, which can be hard to come by when starting out.
“Lasting relationships are at the heart of our business,” Haydock said. “Primarily with our clients, but also across the team.
“We see agency as a long-term partnership built on trust, excellence, and respect.”
Looking forward, Haydock sees success for its commercial real estate clients in 2024 being all about spotting the golden opportunities against a background of lingering market turmoil.
“The Auckland Metro team is perfectly placed to help investors find the right asset, be it a character building in Parnell, a retail unit on Ponsonby Rd, development land in Grafton or an office tower in the CBD. With New Zealand businesses now pivoting towards productivity, we are starting to see renewed investment in people and their workplaces and the team can assist in delivering 2024 strategic workplace plans, help to optimise property portfolios for growth, and uncover great development projects,” he said.
The CBD and city fringe areas have benefitted from favourable zone overlays that have allowed greater intensification and development resulting in some standout buildings with corresponding strong tenant covenants and infrastructural advantages, he said.
“We work closely with leading, innovative developers who are changing the city’s property landscape with accredited, world-class buildings championing design, amenity and new ways of working, and our team thrives on profiling stock in the central city and inner suburbs,” said Haydock.
“Bayleys brings some of the best stock to the market, across asset types and in all price brackets and the Metro team will work collaboratively
to get results.”
“Knowledge is everything in our business and the merger makes intel sharing between agents more efficient.”