One of Australia's largest property management groups, Wentworth Holdings, has joined ties with Century 21 after chairman Charles Tarbey successfully acquired the group’s underlying assets.
The acquisition of Wentworth Holdings will be integrated with Century 21 Australia, making it one of the country’s largest and most diverse property groups.
Century 21 Australia’s property management arm will offer property management and management rights services (the on-site letting of units) to property owners across Australia.
“The purchase, and further integration of this property management business and Century 21 Australia, delivers a number of efficiencies and value-additions to both businesses,” said Charles Tarbey.
“The landlords from Wentworth will especially benefit, as the new business will have access to Century 21’s vast tenant database and property developments as they come through the network.
“Through this acquisition, I expect to further make Century 21 a property investor’s paradise by helping this group keep their vacancy levels low while providing a comprehensive offering which delivers ultimate convenience to investors.”