Real Estate CRM Pty Ltd entered into a share purchase agreement to acquire Commerce Australia Pty Ltd from Domain Holdings Australia Limited (ASX:DHG) for AUD 14 million on March 3, 2020. Under the terms of the agreement, Real Estate CRM Pty Ltd will acquire all of the issued share capital of Commerce Australia Pty Ltd for AUD 14 million, of which 50% is contingent on achieving a number of conditions in 2021. In related transactions, Real Estate CRM Pty Ltd signed a binding conditional term sheet to acquire Vault Group Pty Ltd and Real Estate Investar Group Limited (ASX:REV) entered into a conditional implementation agreement to acquire Real Estate CRM Pty Ltd. Additionally, the operations of MyDesktop (served by Commerce Australia) and Vault (served by Vault Group) will be merged. Real Estate Investar Group Limited is required to obtain approval from its shareholders. Acquisition of Commerce Australia is expected to be completed in March 2020.

Allier Capital Pty Ltd acted as the financial advisor to Domain Holdings Australia Limited in the transaction.

Real Estate CRM Pty Ltd completed the acquisition of Commerce Australia Pty Ltd from Domain Holdings Australia Limited (ASX:DHG) on March 13, 2020.