Founded in Melbourne in 2013, Beevo has the ability to set up a complete range of trades and services for commercial clients, including electricity, gas, water, fuel cards, telecommunications and waste management.
Domain Group Chief Executive Officer Antony Catalano says the acquisition is a key strategic move for the commercial real estate business.
“Beevo taps into the strong market demand for a commercial connections offering that recognises the specific needs of businesses and the critical importance of being operational from day one,” Catalano says.
“This allows us to broaden our offering to agents and consumers across the commercial property lifecycle.”
Catalano adds the partnership with Fairfax and the Domain Group will accelerate Beevo’s roll-out while at the same time providing CRE with an additional revenue stream.
“This is a valuable bolt-on to the CRE business, and we will continue to look at opportunities to strengthen and build our market position,” he says.