- The Agency Group Australia subsidiary, The Agency Property Management, has won the contract to manage Aspen’s $20 million Perth portfolio
- Recently, Aspen brought 84 residential properties in Perth for $20 million
- The deal will take their Perth rent roll to 1109 and their national portfolio to 4671
- On market close, The Agency is up 13.56 per cent and is trading at 6.7¢ apiece
The Agency Group Australia subsidiary, The Agency Property Management, has won the contract to manage Aspen’s $20 million Perth portfolio.
Recently, Aspen brought 84 residential properties in Perth for $20 million. The properties are located in some of Perth’s highest population growth corridors, which include Rockingham and City of Swan.
The 84 homes are close to the beach, national parks, Perth CBD, schools, healthcare and retail facilities.
This year has seen the WA rent roll for the company jump 34 per cent from 827 to 1,109 managements. This deal will also lift The Agency’s national management portfolio to 4,671.
The Agency Managing Director Paul Niardone is excited to embark on this relationship with Aspen Group.
“As a national real estate business, The Agency’s relationship with Aspen Group began through our east coast operation and we are looking forward to our joint trajectory. The Agency’s inception, building the national property management portfolio has been a key strategy in establishing the brand’s foundation,” Paul said.
“This engagement shows a major vote of confidence in our award-winning property management team, who consistently achieve above-industry results in terms of vacancy and churn rates,” he added.
The Agency believes it was chosen by Aspen Group on the back of the brand’s geographic reach across Perth and its use of advanced technology, software and reporting tools in today’s market.
“The Agency provided the best total proposal for our management and reporting requirements and we look forward to working together to provide best-in-class product and service to our residents,” Aspen CEO John Carter said.
On market close, The Agency is up 13.56 per cent and is trading at 6.7¢ apiece.