The Agency (ASX: AU1) to acquire east coast real estate agents Top Level

KEY TAKEAWAYS:

• As The Agency Group holistically implements its broad goals, it has negotiated with Top Level Real Estate shares to be acquired at $A550 million.
• The merger of the two companies marks a real estate union opening doors to an extensive and internal network of affiliates, partners in the country.
• All Top Level shares will be acquired by The Agency Group worth of A$550 million shares.

The Agency Group Australia (ASX: AU1) proves its national brand standing as it reveals its latest acquisition of Top Level Real Estate Pty. Ltd., known as the flourishing real estate firm headquartered in the east coast. Previously honed under the expertise of McGrath Real Estate, Top Level is already set to bring the chain to the next level.

Matt Lahood, CEO of Top Level is appointed to become the latest executive director and another Top Level non-executive director nominee to join the leadership roster. With Top Level’s addition to The Agency Group, the real estate titans are now amplified, consists of 131 real estate agents accounting on an impressive $31 million revenue last year.

As mutually agreed, every Top Level shares under the major shareholders will be obtained by The Agency Group. It is valued at exactly 550 million AU1 shares respectively. Mr. Lahood firmly expresses his excitement via their union with The Agency Group and emphasizes on the remarkable development in heightening both of the companies deliverables resulting to a widened marketability beneficially.

“We are thrilled to be merging with The Agency Group Australia to become Australia’s leading disruptive, high growth real estate agency; I am highly confident this agreement will provide us with great scale and will create great leverage with our clients nationally.” according to Mr Lahood.

As soon as the merger finalises, there will be a new recognition branding The Agency Group as the first domestic real estate firm with two brands in the real estate industry, having applied a powerful marketing strategy used worldwide.

Revision of the option agreement has begun its License Agreement and Option to gain Top Level on or before the end of January 30, 2018. At the time of this writing, the company has also successfully initiated a pre-consolidated placement starting at A$10 million for aiding the transitional process subject to the approval of shareholders.

“Integration of these two businesses makes perfect sense since both parties will be able to capitalise on the continuing success of The Agency brand, the rollout of the Sell Lease Property Brand while fully realising the efficiency benefits of working under the one ownership structure.” expressed by The Agency Group Managing Director Mr Niardone.

About Ausnet Financial Services Limited (ASX: AU1)

Ausnet are disrupting the real-estate industry by being the first fully integrated real estate and financial services company. The Company uses property transactions and/or financing events to review and service a client’s complete finance and wealth requirements.

Ausnet wish to raise up to $2.0 million of additional equity capital via the issue of 100m shares at an issue price of $0.02 per share pursuant to a placement (“Placement”). The Company has the ability to accept oversubscriptions of an additional $1.0m.

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