Honan has invested in $500,000 for a 3% stake in B2B real estate disruptor, The Agency Group Australia.
“We’re excited to announce our strategic partnership with The Agency Group. It brings together Honan’s unique approach in building market leading solutions and our significance experience working with the real estate industry,” says Andrew Fluitsma, CEO.
Announced on Wednesday 24 July, ASX-listed The Agency will issue 7.7 million shares at $0.065 each to Honan, as well as one attaching option for every 2 shares, subject to shareholder approval on August 28.
With 272 staff operating across eight offices in Australia, The Agency disrupts the real estate services industry by returning value, previously given to franchisees and offices, to agents and shareholders. The Agency Group’s offerings also include property sale and management services, as well as mortgage financing, financial planning and conveyancing settlement.
Andrew states Honan is well positioned to continue assisting organisations through the partnership with innovative, client-focused and cost-effective insurance solutions.