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Realestate Commercial.com.au succeeds in fundraising

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This week RealestateCommercial.com.au a small player in the Australian commercial real estate space announced that it had secured funding from Chinese based Zhuhai Huachen. 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 valuing the company at $4m. 

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)”

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.”

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4 Comments

  • vic Del Vecchio
    Posted February 10, 2012 at 7:30 am 0Likes

    A nice story Ryan.. just goes to show how a niche portal targeted in the right area can attract financial support.

    If these guys continue to target the Asian market and don’t try to take on realcommercial.com.au or commercialrealestate.com.au they have a good chance of success.

    • Ryan O'Grady
      Posted February 13, 2012 at 10:48 am 0Likes

      Lets hope there’s an Asian investor floating around who sees the value in the waterside portal niche!!!

      • vic Del Vecchio
        Posted February 13, 2012 at 11:48 am 0Likes

        Ha Ha Ryan- the intrinsic value is there. Now working to make it more valuable to the public. 🙂

  • Manish
    Posted February 14, 2012 at 12:16 pm 0Likes

    This is a shock for me … Cannot believe realestatecommercial.com.au is ranked in mid 3 millions in Alexa. their traffic is so low and site is so slow.

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