LANDMARK White has made a strategic investment in Forrest Street, the parent company of LMW Hegney.
Forrest Street is the holding company of LMW’s joint venture partner in Western Australia, South Australia and Northern Territory, whose valuation business trades as LMW Hegney.
LMW will initially acquire a 10% interest effective 1 April 2015 for a cash payment of $550,000 and will have options and rights to acquire up to 27.5%.
As part of the deal, LMW’s residential business in the eastern states will trade as LMW Hegney.
In a statement, LMW said this investment will strengthen its presence as a national valuation firm, create further opportunities for alignment through joint initiatives and potential synergies.
Australian Property Journal
