Elders has announced significant expansion of their Tasmanian real estate footprint with the acquisition and rebranding of Knight Frank Tasmania, effective 1 May.
The acquisition will bolster the existing Elders Tasmania real estate network with an additional five locations across the State including Hobart, Kingston, Launceston, Devonport and Swansea,
Knight Frank Tasmania CEO Scott Newton is excited about the partnership which provides access to one of Australia’s largest real estate networks and will benefit from many synergies. Elders’ strong regional presence nationally is an obvious fit for the Tasmanian market.
“To partner with Elders, one of the most experienced and trusted residential and rural agencies in Australia, opens an exciting new chapter with endless possibilities.”
General Manager Tasmania James Cornish says Elders is excited to welcome the Knight Frank team to the Elders Network. This business is one of Tasmania’s largest, full service, privately owned real estate business with highly respected staff.
“This enhanced real estate offering, which includes commercial, rural, residential sales agency, property management and valuations service, enables a blue-ribbon service to all Tasmanian clients across every square inch of the state with the backing, network and knowledge that a truly national business with 185 years brings,” said Mr Cornish.
General Manager Residential Estate and Brand, Belinda Connor, says that this latest acquisition is particularly exciting and comes at a time of significant growth in Elders’ real estate division.
“Elders have been relentless in our pursuit of growth through our franchise network and through our acquisition strategy, demonstrated by year-on-year growth in market share and profitability,” said Ms Connor.
“The addition of the Knight Frank team across Tasmania will further strengthen our successful residential business and confirms our intent to grow the Elders commercial real estate business across capital cities and major regional centres.”
Elders continues to look ahead and target growth in strategic locations across Australia in line with its Eight Point Plan. The latest acquisition is one of 10 completed at Half Year FY24.
