07/02/2023
Grant Lynch and Barry Thom, owners of UP Real Estate, have concluded a transaction with Bayley Corporation Limited, the investment company operated by the Bayley family. This investment company will be the new shareholder of UP Real Estate.
John and Mike Bayley approached us expressing a desire to invest in our business because of our excellent brand positioning, the strength of our team, and the untapped potential for growth.
UP Real Estate will not be rebranded. On the contrary, we expect to enhance our position in the marketplace by way of pushing forward in the areas of technology, enhanced digital marketing options, and access to international purchasers through established off shore channels.
In much the same way as an English Premier League Soccer team may have a new owner, the players and management remain. Such is the case here.
On a day-to-day basis nothing will change. Barry Thom and Grant Lynch are committed to UP Real Estate and are not going anywhere.
This change will assist us to broaden our support base and provide us with access to capital and governance support, along with the oversight of a strategic, financial and legal team that secures the future.
We are very much looking forward to this next chapter in the evolution of UP Real Estate.