Telfer Young takes four from Val Group, which finds two more valuation firms
Valuation group Robertson Young Telfer has acquired four more offices and changed its name to match the desire for a new look.
Its new members come from Val Group, which you might think would be suffering at the sudden depletion. However, it has also picked up two new group members, and has plans to raise its research profile.
The newly named Telfer Young has pulled in Robisons in Whangarei, Plested Penrose in Hawke’s Bay, Gowans in Nelson and Larmers in Taranaki to give it eight offices. The existing four are in Auckland, Hamilton, Wellington and Christchurch.
Auckland-based director Evan Gamby said the firm had national coverage through its existing office,s but it wanted more provincial depth. “We had a lot of clients with instructions for provincial valuations,” he said on the announcement of the expansion this week.
Telfer Young has a broad range of valuation and valuation advisory work, including forestry, corporate, health and tertriary institutions as well as the traditional commercial property.
Ken Pawson, of Val Group member Morgans in Wanganui, said Val Group had picked up Appraisal Property in Wellington and Rawcliffe & Co in Napier and would like more replacements for its departed members, “but not at the expense of taking a rogue.”
One innovation Mr Pawson would like to have in place soon is a modal far price, which would more accurately show value movements than the type of index of rural property run by the Real Estate Institute, which measures by farm sale without differentiating between areas, sizes or land type.