All property auctions set to move online
BRISBANE, Australia: November 25th, 2020
Grays, one of Australia's leading e-commerce marketplaces, is pleased to announce the acquisition of Tagma Property Consultants
- Specialized focus in mortgagee & trustee property sales
- Tagma facilitated over 500 property transactions in the past 12 months
- All property auctions to be transacted through Grays marketplace from Jan-21
- Mixture of residential & commercial properties
Tagma is a 24-year-old business which provides a nationwide solution for the management, disposal, and realisation of assets for Mortgagees and Trustees. A natural fit with Grays', Tagma accelerates the asset realisation process & plays a critical role in the supply chains of major financial institutions across Australia.
The acquisition will drive significant growth in Grays' newly established real estate division, which is projected to see a significant increase in property auction listings in the new year.
Chris Corbin, Chief Executive Officer at Grays, said "The acquisition of the Tagma team allows us to leverage the Grays marketplace to disrupt and digitise the traditional Saturday auction. We intend to partner with realtors around the country to enable 24/7 online bidding which we believe will ultimately drive better results for our sellers. We are really excited about playing a pivotal role in bringing this proven e-commerce solution to our real-estate market".
Tagma already comes with a database of 5,500 contractors and realtors across Australia, providing a seamless experience for some of the country's leading financiers.
Brad Cannen, Director at Tagma said "We look forward to joining the team at Grays. We will continue to provide the same reliable services to all clients, with the added advantage of having access to the expansive buyer and seller database on the Grays marketplace."
The Tagma brand and team will remain unchanged and will report into the Grays real estate division led by Brett Garnett.
Grays' acquisition of Tagma emphasizes the business' interest in continuous growth and expansion. This will be the business' second acquisition in the past 12 months, having recently purchased Gregsons in Western Australia.
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