funny heading for an announcement:LEADING "HOOKER" JOINS WWM...

funny heading for an announcement:

LEADING "HOOKER" JOINS WWM what are they runnning a brothel lol


Wentworth Mutual Limited Level 1 T 9489 5333
ABN 41 080 167 264 415 Roberts Road F 9489 5344
Subiaco WA 6008 E [email protected]
4 April 2006
The Company
Announcements Office
Australian Stock
Exchange Limited Level
4, 20 Bridge Street
SYDNEY NSW 2000
LEADING HOOKER JOINS WENTWORTH
Wentworth Mutual Ltd (WWM), the listed public property management Group, has
acquired its first Victorian residential property management and real estate sales business.
The acquisition is that of Ward, Trew and Laver Pty Ltd (trading as L J Hooker
Bentleigh), which is the number 1 sales office of L J Hooker in Victoria and in L J
Hooker’s top 10 sales offices internationally.
The acquisition brings a further 900 residential properties under management for WWM,
growing its national property management tally to 4,200 residential and 650 management
rights units under its control. The acquisition will return over 20% on WWM’s
investment.
In commenting on the acquisition, Executive Director Kingsley Lamont said, “we were
particularly impressed with the calibre of the sales and property management team at L J
Hooker Bentleigh. The business was established over 20 years ago and the team’s
commitment is apparent in what they have achieved in the past with their property
management business and their plans for the future development and growth of the
business.”
In addition, he went on to comment that, “the other very exciting difference with this
acquisition is that in a first for Wentworth, we have also purchased the real estate sales
sector of the business. This will enable us to provide property owners with a further
professional service should they wish to either acquire another property or sell their
existing one. This, together with their ongoing commitment to the real estate sales
encourages our Group to further develop this recent strategy.”
Joe Galati, a Director of Ward Trew Laver Pty Ltd stated that, “Wentworth’s
preparedness and interest in entering and developing a combined sales and property
management division, whilst retaining all our staff was the attraction to us. We are
excited by the future prospects that Wentworth offers.”
Whilst Wentworth is keen to develop the real estate model it will only be expanded
across the Eastern States of Australia. Wentworth has also announced the appointment of
Eric Napoleone as Managing Director of WWM’s newly formed subsidiary Wentworth
Real Estate Pty Ltd.
Wentworth Mutual Limited Level 1 T 9489 5333
ABN 41 080 167 264 415 Roberts Road F 9489 5344
Subiaco WA 6008 E [email protected]
Further information may be obtained by contacting Wentworth Mutual’s Media Liaison
Consultant, Mark Silveira on 03 98488504 or email [email protected].