Real estate

RentPath gets new half owner, Providence

Providence Equity Partners, which recently sold its way out of the former AutoTrader Group, has converted at least some of that 300 percent profit into partial ownership of rental marketplaces.  We’re not surprised, as we reported on the possibility earlier this month. RentPath owner TPG, a leading global private investment firm, has just agreed to sell half its stake in RentPath and its...

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Inman Startup Alley names members

m4s0n501 The first eleven innovative startups named to Inman News’ Real Estate Connect NYC Startup Alley have just been named. Here’s the announcement: Inman News Announces the Real Estate Connect NYC Startup Alley Emeryville, CA (October 21, 2014) – Inman News®, the leader in independent real estate and technology news, announced the first 11 companies that will participate in...

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Lamudi reports 670,000 listings globally

Rocket Internet property site Lamudi this week reported more than 670,000 properties to buy or rent, spread across 28 countries around the world as it celebrated its first birthday, citing growth of 116 percent between April and September this year… This content is available to Classified Intelligence Report clients. Want to know more about becoming a...

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Catcha sells down stake in iProperty

Patrick Grove’s Catcha Group has sold down almost 25 percent, or 10,000,000, of its shares in iProperty at $2.63 per share. The announcement was made in an ASX listing dated October 16. Catcha’s Kuala Lumpur-based Rev Asia earlier sold its 27.2 percent stake in iCar Asia. (Read our coverage of that here) Catcha Group runs ASX-listed Southeast Asia and Hong Kong eCommerce business iBuy...

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Drapella to leave Morizon.pl

Bolesław Drapella resigned as vice president of Morizon SA, owner of Polish real estate search engines Morizon.pl and Nportal.pl and several other real estate classified sites. His duties will be taken over by Sławomir Topczewski from the Nokaut Group. Bolesław Drapella (LinkedIn profile) worked for Morizon for more than four years. Under his leadership Morizon transformed from a three-person...

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What’s Patrick Grove up to? Catcha offloading iCar Asia, iProperty

Patrick Grove’s Kuala Lumpur-based Rev Asia (formerly Catcha Media) yesterday received shareholder approval to sell its 27.2 percent stake in iCar Asia and, according to Australian press, his Catcha Group is also looking to offload its shares in iProperty. (Read Australia’s Property Observer’s article here.) Rev Asia had announced its intentions to sell its stake in iCar Asia...

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