Run Corp Limited : RUN Property announces expansion into South Australia

run.com.au

MEDIA RELEASE

24 September 2013

RUN Property announces expansion into South Australia

RUN Property has announced their expansion into South Australia with operations planned to go live in October. RUN's national operations will now cover four states including Victoria, New South Wales, Queensland and the recent addition of South Australia.
RUN plans to achieve growth in the South Australian market by leveraging its existing landlord base, who RUN believe to have additional properties in this region, as well as working with some strategic partners who have the ability to refer clients.
Rob Farmer, chief executive officer of RUN said "the South Australian market represents an exciting opportunity where fees are typically 20%* higher than in Victoria and New South Wales and our expansion into South Australia represents our commitment to providing our services throughout Australia and achieving our growth targets."
RUN continues to explore strategic growth opportunities within its existing and new operating areas.

*According to the Macquarie Relationship Banking 2012 Residential Real Estate Benchmarking report

Ends.
For further information please contact Jeff Stein, Company Secretary, on 03 9514 8820 or [e-mail]