Smith and Elliott and its 17 staff members will be fully integrated into the Elders business, operating as Elders Smith and Elliott Townsville, and offering real estate and property management for the surrounding area. The team will be led by Branch Manager Katherine Roy, with Sally Elliott to remain as Principal/Licensee.

Sally Elliott said her team are delighted to be partnering with Elders.

"Over the last 21 years, we have built an excellent reputation with a respected team. Partnering with Elders presents a great opportunity for us to expand our business even further and leverage the benefits of a national network," said Ms Elliott.

"I would like to thank our past and current clients and local community for their support."

Elders State General Manager Queensland & NT, Lisa Hewitt, said Elders is pleased to welcome the Smith and Elliott team.

"Through this acquisition, Elders will be able to offer a greater depth and breadth of service to clients in the Townsville area and we are fortunate to have the ability and reputation of the Smith and Elliott team to help us do this," she said.

"This acquisition complements our growth strategy to expand our real estate and rural services footprint to better service our customer base."

Elders has been operating in Australia for over 180 years and has a proven track record of excellence in the agribusiness and real estate sectors. Elders' expansive network across Australia offers links to markets, tailored advice and specialist knowledge across a range of products and services, including farm supplies, agronomy, livestock, wool, grain, finance, insurance, and real estate. The company's real estate business has been expanding steadily in recent years, in line with Elders' Eight Point Plan strategy focusing on growth in key locations across Australia.

At the close of FY23, Elders Real Estate announced the achievement of three completed acquisitions in key geographic areas, in line with the business unit's strategy to increase market share through acquisition.

As one of Australia's most experienced agencies, Elders Real Estate is committed to providing outstanding real estate services for clients. With local knowledge and national reach, Elders Real Estate possesses unsurpassed local expertise through on the ground teams while national agent networks connect buyers and sellers throughout Australia.

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Elders Ltd. published this content on 30 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2023 22:50:17 UTC.