Coronis Group, a leading real estate network, is pleased to announce its recent acquisition of Propper QLD with over 550 managements to add to their portfolio.
Coronis Group, a leading real estate network, is pleased to announce its recent acquisition of Propper QLD with over 550 managements to add to their portfolio. This strategic move propels Coronis Group's property management portfolio to over 9500 properties, marking a significant milestone in the company's growth trajectory.
The acquisition represents the commencement of Karuna Mazzocchi's growth phase, as she takes the helm as CEO of Coronis Group. Mazzocchi firmly believes in the power of combining both acquisition and organic growth strategies to fuel business expansion. The successful completion of this first acquisition showcases the effectiveness of this approach.
"With this acquisition, we are demonstrating our commitment to a dual growth strategy of acquiring established portfolios while nurturing organic growth," says Karuna Mazzocchi.
“We recognise that talent is the driving force behind our ability to execute this strategy successfully. We have exceptional leaders like Tracey Kelly, Property Management State Director, and Jodi Ford, M&A Director, who possesses remarkable expertise in strategy and mergers and acquisitions."
Coronis Group's acquisition efforts are not limited to Queensland alone; the company has a national outlook and intends to pursue further acquisitions across the nation. The philosophy underpinning these acquisitions is rooted in the commitment to continuous improvement, benefiting both the company and the communities it serves.
"Our aim is not only to expand our business but also to make a positive impact on the community," adds Mazzocchi. "Acquiring more rent rolls allows us to employ more people and enhance the overall ecosystem, including mortgage and finance, conveyancing and removalist services. The rent roll forms the soul of our business, driving the growth and prosperity of our ecosystem."
From an employee satisfaction and retention perspective, Coronis Group is focused on ensuring that its Agents receive a steady stream of leads and ample support to thrive within the organisation. This acquisition has been six months in the making, aligned with the company's overarching strategy. It is a testament to Coronis Group's commitment to seeking key opportunities for growth and expansion.
"If you have a rent roll and are seeking a supportive ecosystem to nurture its growth, we invite you to join us. This acquisition demonstrates that we have both the financial resources and a proven track record of success." says Mazzocchi.
Looking ahead, Coronis Group is actively working on another acquisition and is exploring potential opportunities for business acquisitions and mergers interstate. The company's strategic outlook, combined with its visionary leadership, positions Coronis Group as a force to be reckoned with in the real estate industry.