Private equity firm takes stake in Bayleys

Bayleys says the programme which will see the company significantly increase the scope and scale of its operations throughout New Zealand.

It will be based around increasing scope and depth of agency, particularly in the realms of property management, valuations and advisory, and funds management.

Bayley Corporation managing director Mike Bayley said this expansion had already commenced - both with the growth of the company's valuations team in Wellington, and increasing turnover from the firm's steadily developing commercial property management group.