Former chairman of Raine & Horne dies at 91

Max Raine (pictured above), former chairman of Raine & Horne, died on Feb. 22 at age 91, following a few years’ battle with dementia.

Raine, the third era Raine member of the family to steer the Raine & Horne property group, was born in 1931. He joined the household enterprise at age 18, and in 1973, turned chairman of the group till his retirement in 2011.

A key innovator in Australia’s actual property trade, Raine pioneered the expansion of suburban actual property places of work within the late Sixties and launched franchising to the property trade within the Nineteen Seventies.

“The actual property trade has misplaced one in every of its most forceful and influential advocates with the passing of Max Raine,” mentioned Brian Reid, director of Raine & Horne Group. “Max was a driving pressure within the generational change that noticed the emergence of nationwide franchising companies within the Nineteen Seventies and Nineteen Eighties.”

Underneath Raine’s management, the Raine & Horne model expanded to greater than 300 places of work throughout Australia. He additionally pioneered the primary abroad franchised places of work by launching a community in Malaysia within the late Nineteen Eighties. 

At this time, Raine & Horne Group employs 3,000-plus individuals globally. The corporate bought $10 billion value of actual property and managed greater than 120,000 properties worldwide in 2022. 

“Max might see the persevering with sophistication of the business property market together with the emergence of listed property trusts and launched Raine & Horne Business in 1984 as a separate model that boasts 36 places of work round Australia right this moment,” Reid mentioned. “Throughout his management, Max was accountable for lobbying the federal government and was continually quoted within the media leading to many modifications to the trade and laws.” 

Raine served on many boards and committees, together with the Metropolis Department of the Actual Property Institute of NSW, Council of Auctioneers Training Committee, Company Committee of the Constructing Homeowners and Managers Affiliation (BOMA), Anglican Retirement Villages Basis, and Barnardos and Edina Retirement Villages.

In 1988, he was appointed by the NSW Authorities as chairman of a ministerial enquiry into inner-city lodging. 

“There’s a gap left in my household that may finally restore however won’t ever get replaced,” mentioned Angus Raine, Raine’s son and government chairman of Raine & Horne. “At our upcoming state and nationwide awards, we’re celebrating 140 years of our enterprise success, and now we can even have fun my father’s life too.”

Raine’s funeral particulars will likely be introduced within the subsequent few days.

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