realestateview.com.au has announced the appointment of Antony Catalano as a board member.
Mr Catalano and his business partner, Alex Waislitz, now hold the largest interest in realesteview.com.au, with an economic stake of 26 per cent.
This is another venture for the pair who are currently growing their media portfolio alongside the recent acquisition of Australian Community Media (ACM) in June 2019.
realestateview.com.au CEO Toby Balazs said the opportunity to work with ACM and extend the brand through their network was a clear vote of confidence for the work the company had been doing.
“The opportunity will allow us to further grow our audience and deliver improved results for our customers,” Mr Balazs said.
He also welcomed My Catalano’s appointment to the board.
“Antony has an impressive track record of rapidly growing media businesses, particularly in the real estate category. I feel confident that realestateview.com.au will grow its market value immensely by becoming part of Antony’s cross-platform media network.”
Late last year realestateview.com.au successfully completed a capital raise, helping to strengthen the business and fuel its focus to the property industry.
“The business has achieved some remarkable results in the past 12 months; audience has grown by over 40 per cent and we’ve launched a number of key initiatives, including our Price Estimator experience powered by CoreLogic’s market-leading property data,” Mr Balazs said.
“We have a highly experienced team of digital property specialists focussed on growing the business with great commercial outcomes.”
Mr Catalano spoke confidently of his appointment to the realestateview.com.au board and about the businesses potential.
“realestateview.com.au has a range of industry attractions but its most valuable asset is its highly engaged audience,” Mr Catalano said.
“This audience, coupled with the ability to deliver advertising solutions at speed, presents a compelling opportunity to create a multi-pronged media group inclusive of a property portal.”
ACM and other media publishers, who combined account for 36 per cent interest in realestateview.com.au, have over 270 suburban and regional newspapers in circulation.
By introducing realestateview.com.au to the overall advertising solution, customers will have access to a combined digital audience of 5.4 million Australians a month.
The Real Estate Institute of Victoria and other states also continue to be significant shareholders.
realestateview.com.au will launch a number of new initiatives to market over the next 12 months.
“With Antony’s strong relationships across the real estate industry and the strong alignment to our ownership structure of publishers, real estate agents and Real Estate Institutes, we’re now excited to bring together this extended suite of assets to deliver true value to agents, vendors and buyers” Balazs said.
