Laing+Simmons

Laing+Simmons announce management buy out

PHOTO: Laing+Simmons

A partnership of 15 Laing+Simmons team members have announced today they have agreed to purchase the business from Dexar Group for an undisclosed sum.

The partnership includes members of the company’s head office team, including Managing Director Leanne Pilkington, and some of the network’s highest-profile and longest-serving principals, including D’Leanne Lewis, Ray Fayad and Nicholas Efrossynis, to name a few.

Managing Director Leanne Pilkington, who is also the current President of the Real Estate Institute of NSW, said the purchase by members of the network demonstrates the value and belief in the brand.

“When the opportunity to acquire Laing+Simmons arose, the demand among franchisees was strong and the offer was fully subscribed quickly, demonstrating the belief in the brand,” Ms Pilkington said.

“Laing+Simmons has been a fixture in the New South Wales real estate landscape since 1967.

“We recognise the industry is undergoing rapid evolution, which means franchising needs to evolve as well.

D’Leanne Lewis, one of Laing + Simmons longest serving principals

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