REA Group absolutely acquires Realtair

REA Group has acquired full possession of Australian proptech firm Realtair. REA Group initially invested in 2020 and held a 37% stake earlier than the acquisition.

Strengthening company providers with Realtair

Realtair, an end-to-end property gross sales platform, streamlines the connection between brokers and property house owners. Its suite of merchandise permits brokers to create customisable digital itemizing displays, signal agreements immediately, and handle transactions effectively.

The acquisition will speed up REA Group’s company providers technique, providing clients superior digital instruments all through the property transaction journey.

REA Group’s strategic funding

REA Group CEO Owen Wilson (pictured above) highlighted the significance of this acquisition.

“We’re targeted on serving to our clients to higher handle their workflow, enhance efficiencies, and develop their enterprise,” Wilson stated. “Realtair’s merchandise will improve our capacity to ship this, and we’re excited by the long-term alternatives that our ongoing funding in Realtair presents.

“The constructive response to our present partnership with Realtair provides us nice confidence in the advantages we will ship for our clients. REA Group is properly positioned to assist clients win extra listings and with the added worth that Realtair offers throughout the gross sales course of, we will streamline the dwelling shopping for expertise for customers.”

Transition and future development

Peter Matthews, Realtair co-founder and CEO, expressed confidence in REA Group’s capacity to guide Realtair into its subsequent development section.

“I’m happy with what Realtair has achieved over the previous eight years and have determined that now could be the proper time for brand new management to take the enterprise ahead,” Matthews stated.

“As a part of REA Group, we will make certain that Realtair will proceed to unlock worth for the true property trade with progressive instruments that assist brokers do enterprise.”

Realtair co-founder and COO Blake Williams and CFO Paul Shaw, will stay with the enterprise. REA Group stated it seemed ahead to integrating Realtair workers into its crew.

REA Group notified the ACCC of the acquisition and acquired all essential clearances previous to completion.

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