REA Group totally acquires Realtair | Australian Broker Information
Information
REA Team totally acquires Realtair
Boosting property tech
REA Team has obtained complete possession of Australian proptech enterprise Realtair. REA Team to start with invested in 2020 and held a 37% stake previous to the acquisition.
Strengthening company services and products with Realtair
Realtair, an conclusion-to-conclusion property gross sales platform, streamlines the hyperlink between brokers and residential entrepreneurs. Its suite of merchandise will enable brokers to generate customisable digital itemizing shows, indication agreements promptly, and deal with transactions efficiently.
The acquisition will speed up REA Group’s firm services and products methodology, giving consumers state-of-the-art digital sources all around the property transaction journey.
REA Group’s strategic monetary dedication
REA Team CEO Owen Wilson (pictured greater than) highlighted the value of this acquisition.
“We are centered on serving to our consumers to improved deal with their workflow, improve efficiencies, and develop their group,” Wilson acknowledged. “Realtair’s merchandise will enhance our potential to supply this, and we’re thrilled by the long-phrase potentialities that our ongoing expenditure in Realtair offers.
“The constructive response to our present partnership with Realtair presents us good assurance within the rewards we are able to ship for our prospects. REA Group is properly positioned to help purchasers earn additional listings and with the included worth that Realtair provides at some point of the product sales system, we are able to streamline the dwelling buying encounter for folks.”
Transition and future enlargement
Peter Matthews, Realtair co-founder and CEO, expressed self worth in REA Group’s capability to information Realtair into its following growth part.
“I’m happy with what Realtair has realized greater than the earlier 8 a very long time and have decided that now could be the proper time for brand new administration to contemplate the enterprise enterprise forward,” Matthews talked about.
“As part of REA Group, we may be assured that Realtair will proceed on to unlock worth for the true property market with progressive sources that help brokers do small enterprise.”
Realtair co-founder and COO Blake Williams and CFO Paul Shaw, will proceed to be with the enterprise. REA Team mentioned it appeared ahead to integrating Realtair personnel into its workers.
REA Group notified the ACCC of the acquisition and gained all required clearances previous to completion.
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