APAC Realty expands in Australia

The ERA brand inked a 15-year franchise agreement with Queensland 888.

SGX-listed APAC Realty has granted Queensland 888 exclusive rights to operate or grant memberships for the operation of ERA member broker offices in Queensland, Australia.

Under the ERA Master Franchise Agreement inked by the two parties,  Queensland 888 will operate its business as “ERA Queensland” with an initial team of 17 agents across three offices in Brisbane, Australia. 

The 15-year agreement commenced on 1 September. The parties can renew the deal for another 15 years subject to “fulfilment of certain conditions as set out in the agreement.”

Alex Caraco will serve as the CEO of ERA Queensland.

ERA Queensland, headquartered in Brisbane, will focus on off-plan projects, high-end prestige properties, general residential, property management and the sale and leasing of commercial properties.