Suncorp to Sell LJ Hooker to the Grandson of the Agency’s Founder For $67 Million

LISTED property giant Suncorp is believed to be selling its LJ Hooker real estate agency chain, to Janusz Hooker, the grandson of the LJ Hooker brand founder.

Suncorp is believed will reap about $67 million from Mr Hooker, who heads the Asian operations of US-based private equity firm WP Carey, and who is expected to expand the real estate chain throughout Asia.

Suncorp’s development and residential customers are being asked to source alternative commercial loans by October 2011, to finance respective loans, according to The Australian.

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Marc Pallisco

A freelance property analyst and journalist, Marc is a co-founder of realestatesource.com.au.

Marc Pallisco

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