THE Agency has completed the acquisition of three wholly-owned subsidiaries from ServTech Global Holdings after gaining a real estate agency licence in Western Australia.
The Agency intends for Sell Lease Property Ltd to remain as a standalone business, while Complete Settlements Pty Ltd and Value Finance Pty Ltd will merge with the existing conveyancing and mortgage broking businesses of The Company.
“Importantly, by having these independent brands, we can now appeal to those sales agents who want exclusive marketing areas as well as those who don’t want to be restricted to areas. This significantly increases our recruitment potential to become the national leader in real estate,” managing director Paul Niardone said.
The bulk of Sell Lease Property Ltd property consultants have signed new employment contracts with The Agency, including 93 in Western Australia, nine in Queensland and eight in Victoria.
In WA, where both brands have largest footprint, The Agency and Sell Lease Property Ltd continue to dominate sales rankings.
Last month, Sell Lease Property top office for listings sold (64) with The Agency Group second (61 listings sold) – with next best having 30 listings sold.
The Agency Group ranked number one for value of sales ($37 million), with Sell Lease Property second ($25 million)
Combined, the two groups sold 125 properties, which was ranked fourth amongst real estate groups – with established company Harcourts, ranked third, selling 126 properties.
Australian Property Journal
