Barry Plant says LJH talks will continue

Barry Plant, head of the Victorian estate agency that bears his name and which is in talks with LJ Hooker about creating a joint venture company, said the Melbourne trust fund missing millions matter would not affect their ongoing talks. 

It was revealed last month in The Australian Financial Review that LJ Hooker and Victorian real estate agency Barry Plant were in the final stages of talks about creating a joint venture company.

The two businesses account for 6.7 per cent and 1.9 per cent respectively of the national volume of real estate sales.

LJ Hooker has 700 franchises in Australia and New Zealand.

Barry Plant has 80 franchised offices in Victoria – with an 11.5 per cent state market share by volume.

It also has two offices in Gold Coast and Adelaide.

Any joint venture that would keep the two brands distinct.