Domain expands commercial property focus

PHOTO: CommercialView

Domain has agreed to buy commercial property digital listings platform CommercialView.com.au in a deal worth between $4 million and $17.2 million.

Domain has agreed to buy commercial property digital listings platform CommercialView.com.au in a deal worth as much as $17.2 million.

Domain will make the acquisition through Commercial Real Estate Media, which will pay a maximum $2 million in cash and the remainder in newly issued shares.

An initial $4.2 million in cash and scrip will be paid when the deal completes on Friday.

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