HG Livingstone acquires Fright Aubrey

By NZPA

Monday 7th April 2008

Property management and valuation firm H G Livingstone Ltd has acquired Christchurch-based Fright Aubrey Ltd.

The merger will be effective from tomorrow, the valuation business will trade under the Fright Aubrey name and the property management business as Livingstone.

Livingstone's managing director Warren Glassey said the creation of the largest valuation practice in the South Island would strengthen valuation and advisory services to clients.

Fright Aubrey's managing director Gary Sellars said the combined valuation teams of 18 staff would enhance reporting in specialist property areas such as retail, tourism, leisure and aged care.

Fright Aubrey, established in 1982, has three shareholding directors -- Gary Sellars, Richard Gibbons and David Harris.

The shareholders and eight staff will remain with the company.

The existing Livingstone's directors and property management staff at its Christchurch, Wellington and Auckland offices will remain unchanged. Colliers International New Zealand was to acquire a further 30% shareholding in Livingstone, effective early April 2008.

This will put Colliers total shareholding at around 53%.

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