Michael Ajaka Appointed Ray White Commercial NSW Director
Highly experienced real estate professional Michael Ajaka has been appointed as Director of Ray White Commercial NSW.
Ray White Commercial NSW Managing Director Jeff Moxham said: “Michael Ajaka is an experienced senior operator with more than 30 years in the real estate and property industry and we are looking forward to Michael playing an important role in our expanding commercial business.
“Michael has an understanding of all areas of the commercial property sector including commercial, retail, development and in particular investment property sales. He has also operated in the Sydney CBD, South Sydney, North Sydney and Parramatta markets, which is of great interest to us with our business having offices in these key markets over time.
“Most importantly his irrefutable reputation in the market as an honest and hardworking operator is a perfect fit for our business, both internally and externally.”
Michael Ajaka said he was excited about joining forces with the Ray White Group and the rapidly expanding Ray White Commercial team.
“Becoming part of the Ray White family and working with the team at Ray White Commercial NSW is an opportunity to be part of a growing business that has a reputation of client focus and developing strong relationships,” he said.
“The Ray White story I found particularly inspiring, still a family owned business with family values after 114 years that is now Australasia’s largest real estate business with an annual turnover in excess of $35 billion every year. It is well recognised by private clients, syndicates and corporates, both locally and offshore. The brand offers excellent recognition in the market place.”
Michael Ajaka said he will focus on leased investments, including service stations, fast food restaurants and also office buildings.
“Buyers are still aggressively seeking leased investments from $3 million to $5 million with high yields, depending on the property,” he said. “In today’s market, demand is strong for long term leased assets offering blue chip brands.”