New bidding software could change rules of private treaty sales

QRE has developed and introduced an online bidding software

12th June, 2016
25 Rockhill, Blackrock, was part of a bidding process involving five investors

In what could be a game-changer in terms of closing out private treaty sales, QRE – the Space Property Group subsidiary which deals with private treaty sales – has developed and introduced an online bidding software that allows investors to bid against one another in an open and transparent platform.

The software, called BidX1 Technology, replaces the traditional sealed bids process at the end of the private treaty campaign. Contracts are executed at the end...

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