FY22 Investor Presentation
Bushby Property Group
Acquisition
Bushby Property Group, to be renamed The Agency – Team Bushby consists
of nine sales agents within the 32 staff who have sold over $125m in
residential property over the past 12 months and circa 1,300 properties under
management, operating out of its large 'hub' office in Launceston.
THE AGENCY
Team Bushby
Consideration of c. $5M subject to a number of earn out
provisions based on performance and growth
Funded via combination of bank debt and existing cash
reserves
Extension of Macquarie Bank facility until July 2025
ADSHEL
The new team
for Tassie.
Extension of Convertible Note issued by Peters Investments
until Jan 2026 (subject to shareholder approval)
Settlement occurred 22 July 2022
Tasmania's Bushby Property Group joins
one of Australia's fastest growing real
estate agencies, The Agency.View entire presentation