A LEGACY BUILT ON FAMILY VALUES The Beaumont story began in 1980, when the founder, Earle Beaumont and his wife, Lynette Beaumont started managing strata properties from their home. “They started as strata managers, and it was something my parents just did at night,” recalls Beaumont. By 1986, they launched their first business, Norwest Commercial and Industrial, specializing in industrial real estate. Over time, that operation evolved into what is now Norwest Commercial and Industrial, and the company began a steady path of expansion through both organic growth and acquisition. Today, the Beaumont Property Group umbrella encompasses four major brands—Beaumont Strata, Norwest Commercial and Industrial, Coutts, and Waratah Strata— operating across 11 offices and employing more than 160 professionals. Each brand represents a unique dimension of the company’s expertise, from specialist strata management to fullservice commercial real estate. This expansion has been deliberate and measured. “We started in the northwest of Sydney and were centralized in that area for quite some time,”Beaumont explains.“Around 2005, we began expanding into the western suburbs, and more recently, further east into Chatswood, North Sydney, and now Hornsby.” What began as a two-person family venture has grown into one of the most active acquisitive businesses in Sydney’s commercial property space. Yet, despite its size and sophistication, Beaumont retains its founding principles—values that continue to define its culture and relationships today. FROM FAMILY BUSINESS TO FAMILYOWNED CORPORATION As the company matured, so too did its governance. “We’ve transitioned ourselves from what we once described as a family business to a family-owned corporation,” says Beaumont. “That reflects the fact that we’ve put in governance structures, a board of directors, an independent chairman, and even employee shareholders. We’re trying to act with the feel of a family business, but with the corporate style of operating as well.” This hybrid structure—personal yet professional— has proven key to Beaumont’s ability to scale while maintaining its culture.“It gives people good career development opportunities of their own,” he adds.“It also ensures that decision-making and accountability are shared across the organization.” CULTURE ROOTED IN INTEGRITY AND CARE With more than 160 team members spread across 11 offices, maintaining a consistent culture is both a challenge and a priority. To achieve that, Beaumont engaged in a company-wide values exercise.“We did 147 BUSINESS VIEW OCEANIA VOLUME 07, ISSUE 10 BEAUMONT PROPERTY GROUP
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