Elders is expanding its reach after acquiring LJ Hooker Gladstone Real Estate, with the new business to be led by Mark Spearing.
The Announcement:
Elders continues to grow its real estate footprint, announcing the acquisition of LJ Hooker in Gladstone.
The office and its 21 staff members will be fully integrated into the Elders business, operating as Elders Gladstone and Tannum Sands, and offering real estate and property management for the surrounding area.
The team will be led by Mark Spearing, who will remain in the business as the branch manager.
Mr Spearing said his team are delighted to be partnering with Elders and their extensive real estate network.
“My team and I have been part of the Gladstone region for many decades,” Mr Spearing said.
“During this time we have watched the industry change in many ways, and have facilitated approximately $500 million worth of properties under management and administration.
“Now seems the perfect time to join an ASX listed company that can provide the necessary expertise to take the business and service levels to the next level.”
“I would like to thank our past and current clients and local community for their support.”
Elders State General Manager Queensland & NT, Lisa Hewitt, said Elders is pleased to welcome the Elders Gladstone and Tannum Sands team.
“Through this acquisition, Elders will be able to offer a greater depth and breadth of service to clients in the Gladstone region and we are fortunate to have the ability and reputation of the Gladstone team to help us do this,” Ms Hewitt said.
“This acquisition complements our growth strategy to expand our real estate and rural services footprint to better service our customer base in Queensland.”
Elders has been operating in Australia for 185 years and has a proven track record of excellence in the agribusiness and real estate sectors.
Elders’ expansive network across Australia offers links to markets, tailored advice and specialist knowledge across a range of products and services, including farm supplies, agronomy, livestock, wool, grain, finance, insurance, and real estate.
The company’s real estate business has been expanding steadily in recent years, in line with Elders’ Eight Point Plan strategy focusing on growth in key locations across Australia.
At the close of FY23, Elders Real Estate nationally announced the achievement of three completed acquisitions in key geographic areas, in line with the business unit’s strategy to increase market share through acquisition.
Source: Elders
