SeLoger on a roll with Q2 figures up 12.3 percent
Leading French property classifieds site SeLoger.com has followed a glowing first quarter with a Q2 turnover figure up 12.3 percent (to €20.2 million) adding up to total growth of 11 percent since the start of the year.
The major growth area for the company seems to be provincial agencies, in part because with a some 80 percent of agents signed up in Ile-de-France (Paris and its surroundings) there is less room for expansion. Of the 388 new clients gained during the second quarter 271 came from outside the Paris region.
The Q2 figures come at the same time as the news that Lone Pine Capital LLC, a privately owned hedge fund in the U.S. has released shares it held in SeLoger, leaving it with 9.95 percent of the company.
This move coincides with Lone Pine selling off shares in other market sectors, notably in Intertek Group Plc.
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