Bayleys real estate has acquired a shareholding in Locations
Realty Ltd and its sister residential rental agency
Queenstown Accommodation Centre and Goodstays Queenstown.
Locations Realty - operating as Locations Real Estate - has
headquarters in Queenstown, with franchised offices in
Wanaka, Cromwell, Invercargill and Riverton, employing about
Its director Greg Ross, who had been involved with Locations
for 21 years, said he was sad to sell his shareholding, but
''heartened'' the new partnership with Bayleys would continue
the growth of the brand.
Mr Ross would remain with Locations and no restructuring of
personnel was envisaged, with managing partner Stacy Coburn
retaining his shareholding and continuing to head operations
Bayleys managing director Mike Bayley said the shareholding
in Locations would enable the two brands to work together in
the Southern Lakes, Central Otago and Southland regions.
Bayleys has offices in Queenstown and Wanaka, employing about
35 salespeople and administration staff.
QAC and Goodstays Queenstown is the largest property
management group in the resort, employing 10 property
managers and support staff.