Controlled by Anthony Catalano and Alex Waislitz, VMG owns, amongst other things, The Today Business, Apartment Development Group and has a stake in on-line real estate classifieds business, realestateview.com.au. The investment by ANZ will allow VMG to further expand and grow market share.
Commenting on the investment, Rebecca said: "We are pleased to have assisted VMG in this milestone transaction and look forward to seeing the business continue to grow."
Catalano said the investment “speaks volumes for the work the team has done to build a major new player in the real estate media and technology sector.”
Waislitz also commented “With ANZ’s involvement adding to the already active participation of Seven West Media, we are now well on the way to creating Australia’s most exciting real estate prop-tech business.”