HOL Holdings Pty Ltd owners of www.realestatecommercial.com.au are pleased to announce that a Chinese company has taken a small shareholding in their Brisbane based company. Zhuhai Huachen is heavily involved in the property market in China, and has taken steps to invest in Australia and in particular in Real Estate Commercial.
Li Dan Financial Manager of Zhuhai Huachen Constructions stated “We are very happy to commence an association with Real Estate Commercial in Australia and here in China through their website www.zhongguorec.com, this is our first overseas venture and we see the business development between Australia and China growing in the future. We were impressed by the development to date of the website here in China and see the synergy between the real estate markets in China and Australia in the next few years as a fast growing market, particularly with more and more Chinese looking to invest in property overseas, with Australia high on that list. We will be looking to invest further in the Australian Company during their capital raising program through ASSOB (Australian Small Scale Offerings)”
The Company shortly will be undertaking a capital raising program on the Australian Small Scale Offerings Board where they plan to raise a total of $1.2 million with investors owning around 30% of the Company
The Brisbane-based company says a beta version of the Real Estate Commercial website has been in development over the last 18 months on a pilot basis with real estate agents throughout Australia and now has over 250 clients and over 10,000 listings online.
Russell Robertson, Managing Director and Founder of Real Estate Commercial in Brisbane said “We welcome the investment from the Chinese company and their local knowledge will be vital to our future plans for China. We have more products in the pipeline for both countries and look forward to advancing our beta website running in China (www.zhongguorec.com) and working closely with our new partners.”
Mr Robertson has been visiting China regularly for the past 18 months and has seen a large increase in the interest in Australian real estate form mainland China.
The Company also plan to release a new residential portal website for the Australian / Chinese market as our next project locally and this is nearly ready for launch, we are also well advanced in future online products for the Chinese and Australian websites.
