ASX-listed Property Connect has appointed the chairman and owner of Century 21 Australasia Charles Tarbey into the same role in its organisation, effective immediately.
Tarbey’s appointment as chairman of Property Connect comes together with an agreement that several Century 21 offices in Victoria and Western Australia will undertake a trial of the LiveOffer technology in Australia from April 2017.
In 2011, Tarbey purchased one of Australia’s largest property management groups, Wentworth Holdings and assumed control of nearly 8,000 residential, commercial and industrial properties.
He is also the owner of the master franchisees for Century 21 Australia, Century 21 New Zealand and Century 21 Papua New Guinea.
“The Board and management team would like to extend its thanks to Michael Langoulant who took up the role of Chairman late 2016. He has steered the company through a period of high operational and corporate progress, and we are grateful for his stewardship,” Property Connect Chief Executive Officer, Tim Manson said.
In what appears to represent a strong endorsement of the LiveOffer platform, a selection of Century 21 company owned offices in Victoria and Western Australia will undertake a trial of the technology as soon as possible.
LiveOffer is a platform that sounds a bit like the ‘Ebay for Leasing’ and property managers or landlords get to view incoming bids for their properties in real time. It also gives renters feedback on how their offer ranks against other bidders.
The platform, which has found success in the US with property managers Berger and EIMC onboarding their apartments recently, was launched in Australia last week.
“Property Connect has the ability to improve the leasing process for landlords and property managers with the LiveOffer technology allowing them to evaluate bids and optimise their tenancies according to their specific priorities.
“I also especially like the fact that many landlords will have access to a live market for their rental property for the first time which I believe will be a welcome addition to many.
“If this win-win-win scenario can be demonstrated and implemented effectively across markets, Property Connect has the potential to become a default real technology for many real estate groups,” Tarbey said.
Property Connect is working with Century 21 to finalise the terms and conditions of a trial of the LiveOffer platform, with a pilot expected to start next month under a formal contract.