Real Estate Commercial Selling Portals

Australia based Real Estate Commercial Pty Ltd have decided to sell their two commercial real estate property portals: realestatecommercial.com.au and primesite.com.au.

In a statement announcing the websites are for sale, managing Director, Russell Robertson, said:

“Our core business is in the residential real estate market through Housesonline Australia and our other associated residential websites where over the last 10 years we have built credibility and increased market share. Whilst we acknowledge that there are great opportunities in the commercial portal market, our Company lacks the human resources to deal in both markets.”

While primesite.com.au was only launched this month, since launching realestatecommercial.com.au late last year the site has received over 4,000 unique visitors each month and in excess of 200,000 hits per month. As of 1 July a private sale section was added to realestatecommercial.com.au.

Some 150+ of the major franchise brands, independent real estate agents and small groups are listing their properties on the websites. Agents are currently receiving free subscriptions and a monthly subscription fee of $165 will begin in 2010.

The commercial portals are competing against REA Group owned market leader, realcommercial.com.au, and number two ranked commercialrealestate.com.au.

The company had slated a projected launch into Asia for January 2010.

In addition to the two commercial portal sites, the company will also be selling the domain names: realestatecommercial.asia, realestatecommercial.co.uk, realestatecommercial.net.nz, realestatecommercial.net.au and primesite.net.au.

Anyone interested in the sale should contact direct any initial enquiries to: sales@realestatecommercial.com.au.

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