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PRDnationwide acquires commercial interest in regional realtor

By Staff Reporter
01 September 2009 | 1 minute read

PRDnationwide is set to expand its presence in Victoria after securing a commercial interest in regional realtor Jens Gaunt.

The Jens Gaunt branches, which can be found in Ballarat, Bendigo, Buninyong, Kyneton, Melton, Werribee and Warrambool, will be rebranded PRD Jens Gaunt.

PRDnationwide managing director Grant Dearlove said the venture would help create a springboard for significant growth throughout the region.

“The reason for securing commercial interest in the business is to expand PRD’s Victorian base and to execute PRD’s Pathway 2010 strategy of growing – not only organically – but through acquisitions,” he said.

“Our objective is to operate as a master franchise and we will be working with Jens Gaunt to attract other offices to the brand particularly in Melbourne,” he said.

According to Mr Dearlove, the announcement has already caused other agencies to approach the realtor.

“A lot of our competitors are contracting but we want to grow. We see a significant upturn in residential real estate at the end of this year - and we want to make sure we are represented by businesses with big market shares,” he said.

PRDnationwide acquires commercial interest in regional realtor
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Do you have an industry update?

top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
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Enter your email to receive the latest real estate advice and tools to help you sell.