Fairfax Media Limited (FXJ) has just announced that two of the Australia's biggest and most respected newspapers, The Australian Financial Review and the Sydney Morning Herald will jointly promote the Sydney-based Commercial Real Estate (CRE) Auction Centre.
“We are looking forward to continuing to bring all of FXJ’s commercial real estate assets together including newspapers, online and the Auction Centre to provide enhanced opportunities for our clients,” said Nic Cola, CEO of Fairfax Marketplaces.
The Auction Centre was first launched by the SMH early last year; it has had 263 commercial properties listed for auction in 2011, and according to FXJ, it has had a highly successful first year of operation.
“The partnership that has been formed with the Financial Review will help this centre gain an even greater presence within the commercial real estate industry.
“This year we want to position the Auction Centre as the place in Sydney to conduct commercial real estate transactions.” Concluded Cola.