This article is from the Australian Property Journal archive
E-COMMERCE marketplace Grays has acquired Tagma.com.au, expanding their freshly established real estate division.
As e-commerce continues to dominate in a COVID-19 world as Grays, one of Australia’s largest online marketplaces, has now acquired Tagma.
Tagma reports to provide nationwide solutions for the management, disposal, and realisation of assets for mortgagees and trustees, playing a critical role in the supply chains of major financial institutions. In the past year they have facilitated over 500 property transactions.
Grays has also acquired Tagma’s database of 5,500 contractors and realtors, helping the planned acceleration of Grays real estate division, which they project will see a significant increase in property auction listings in the new year.
“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,” said Chris Corbin, chief executive officer at Grays.
“We are really excited about playing a pivotal role in bringing this proven e-commerce solution to our real-estate market,” continued Corbin.
From January of 2021, all property auctions will now be transacted through Grays marketplace, with a mixture of residential and commercial properties.
At Tagma the team and will be unchanged and report to the Grays real estate division headed up by Brett Garnett.
“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,” said Brad Cannen, director at Tagma.
This is Grays second acquisition of the year after purchasing Perth-based Gregsons auctioneers and valuers in August.
