Perth-based rentals site rent.com.au has looked towards institutional investors to raise $2.5 million to lift the profile of its portable payments and planning app, RentPay.
Primewest has postponed the spin-out of a new $285 million commercial property trust, citing market volatility, with Macquarie Bank and rent.com.au among other listed companies to change their capital raising plans.
Biotech company Zelira Therapeutics has received commitments to raise around $4.6 million from a share placement, while rent.com.au is planning an underwritten $2.9 million rights issue.
Fresh initiatives are emerging in the world of online property advertising, as the sector embraces technology to effectively market residential real estate.
Former iiNet executive Greg Bader has been officially installed as chief executive of online property portal rent.com.au, following founder Mark Woschnak's retirement last month.
Founder and managing director of Perth-based online property portal rent.com.au Mark Woschnak has announced his immediate resignation from the business.
