After months off the boards, the acquisition of two rival platforms and a rebrand, real estate technology outfit PropTech Group is poised to land back on the ASX. The company formally known as Real Estate Investar Group has been undertaking a $10.6 million capital raising lead by Ord Minnett. The deal is a backdoor listing of sorts and comes after PropTech bought Real Estate CRM Pty Ltd, which owns two customer relationship management platforms aimed at the property sector, MyDesktop and VaultRE.
MyDesktop is one of the largest real estate sale CRM platforms in the country and was owned by ASX-listed Domain. It provides its customers with software to help manage property listings and sales, as well as reporting and analytics and managing contact with clients, among other things.
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