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Century 21 acquires property management group

by Staff Reporter9 minute read
The Adviser

Staff Reporter

Century 21 Australia's owner and chairman Charles Tarbey has purchased property management group Wentworth Holdings.

According to Mr Tarbey, Century 21 will integrate the assets of the group in a bid to offer property management and management rights services (the on-site letting of units) to property owners across Australia.

"The purchase, and further integration of this property management business and Century 21 Australia, delivers a number of efficiencies and value-additions to both businesses," Mr Tarbey said.

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"The landlords from Wentworth will especially benefit, as the new business will have access to Century 21's vast tenant database and property developments as they come through the network.

"Through this acquisition, I expect to further make Century 21 a property investor's paradise by helping this group keep their vacancy levels low while providing a comprehensive offering which delivers ultimate convenience to investors."

Charles Tarbey has been an executive director of Wentworth Holdings since 2008.

"Century 21 has built a global reputation and culture for outstanding property and tenant care and I expect these factors to resonate well with property investors across Australia – and complement the already strong culture of care that exists around the assets in question," Mr Tarbey said.

"Over the coming year the staff at Century 21 will be working even harder to provide property services, tenant and property care – that are second to none in Australia."

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