Listed real estate group The Agency has forecast a 45 per cent growth in net revenue for the 2018 year, boosted by acquisitions of other businesses and recruitment of new agents. With investors still waiting on a proposed capital raising, and with the shares at 1.3¢, the group said it had total revenue of $13.5 [...]
The managing director of The Agency says it remains "totally committed" to acquiring Top Level Real Estate, after extending an agreement to buy the east coast business by another four months and taking out a high-interest loan to provide short-term working capital...read more...
The Agency Group Australia (ASX: AU1) has entered into an agreement with CPS Capital Group to underwrite a minimum $10 million capital raising to fund the acquisition of the Top Level Real Estate business. The Agency Group Australia Ltd (ASX: AU1) (formerly Ausnet Financial Services) is actually now a listed rival to McGrath that originated [...]
Residential property agencies facing digital disruption and tighter margins have had to evolve their business models to remain competitive... read more...
The Agency Group Australia (ASX: AU1) has entered into an agreement with CPS Capital Group to underwrite a minimum $10 million capital raising to fund the acquisition of the Top Level Real Estate business... read more...
The Agency Group Australia (ASX: AU1) has given its national brand presence a boost after announcing it will acquire high-growth east coast real estate agency Top Level Real Estate Pty Ltd, which is managed by ex-McGraths Real Estate agents... read more...
McGrath rival The Agency Group has been forced to amend a 12-month option agreement and seek a $10 million capital injection from investors to acquire Sydney-based Top Level Real Estate. If successful, this deal alongside the acquisition of WA-based Sell Lease Property, will transform The Agency into a $50 million-a-year revenue business by the end [...]
The Agency Group (ASX: AU1), which recently changed its name from Ausnet Financial Services Limited, has had a strong first year as a public company and appears poised to close a significant transaction in the near future, with its half yearly report giving an insight into its intentions to take up an option to acquire [...]
The Agency – a company started by ex-McGrath star agents – will become a cash-flow positive business and won't need to turn to the market for funding once its beds down several acquisitions, according to the group's managing director Paul Niardone. Shares in the $11 million listed minnow were placed in a trading halt on [...]
Both residential and commercial estate agents have been hit by a wave of proptech disruption since Purplebricks launched in Australia in late 2016, with The Australian Financial Review calling it the industry's "Uber moment"... read more...