Sydney, Australia—National Head of Property, Steve Healy, today announced the launch of our new electronic property contract exchange system.

Mr Healy said the e-exchange system, which removes the need for traditional paper-based land contracts, will revolutionize the way in which purchasers and vendors exchange contracts as part of property purchases.

“As the market leader in ‘off the plan’ property sales, Gadens Sydney (now Dentons) has a history of driving innovation through our use of technology. This is the next exciting step for us and our clients. The launch of our e-exchange system gives property vendors the power to exchange land contracts with purchasers electronically, wherever they are in the world.”

Mr Healy also said, “The combination of Gadens Sydney’s (now Dentons) new electronic property contract exchange system and our existing settlement technology means Gadens Sydney (now Dentons) can offer vendors a fully electronic, integrated solution for ‘off the plan’ development sales contracts.

The e-exchange system will be unveiled at Crown Group’s Green Square stage 1 sales launch on Saturday 29 August and will mark the first ever electronic property contract exchange in Australia. At the launch, attendees wishing to purchase a property will use Gadens Sydney’s (now Dentons) secure iPads to fill in their details and exchange contracts electronically with the Crown Group. Finalized electronic contracts will then be securely stored by Gadens Sydney (now Dentons) and emailed to purchasers and their solicitors.

Crown Group’s National Development Director, Pierre Abrahamse said: 'We’re pleased to be involved in the implementation of this innovative new system for the first time in Australia. We believe the time is right for this new technology. At Crown Group we strive to be innovative in all aspects of our business from a project’s initial concept design and marketing through to the completion of construction. We see the electronic property exchange as the next step in this innovation process for Crown Group and partnering with leaders in this field.

We hope this new electronic property contract exchange system will create an even more efficient, more environmentally-friendly transaction for both parties.

Crown Group and Gadens Sydney (now Dentons) have a great history of working together.'

Mr Healy, on Gadens’ (now Dentons) relationship with the Crown Group, said 'Gadens Sydney (now Dentons) is proud to work with leading property developers such as the Crown Group to ensure that the property industry keeps pace with the trend towards transacting online.'

About Dentons

Redefining possibilities. Together, everywhere. For more information visit dentons.com