Scout24 accepts new takeover offer of $6.4 billion from two PE firms
Hellman & Friedman, and Blackstone, two private equity companies, have agreed to buy Scout24, the German classified / marketplace company, for $6.4 billion U.S.
Real Estate
Domain books $127 million U.S. impairment charge
Profits at Domain, the No. 2 property site in Australia, slumped 14 percent as the company recorded huge losses and a $127 million U.S. impairment charge against the goodwill of its business, due to weak listings in Sydney and Melbourne.
Flatfy.com is about to close its project Sosedi
Sosedi, the service where users can create infographics to rent or rent out their apartment, has announced that it’s about to close. Sosedi is a side project of the Commonwealth of Independent States real estate vertical Flatfy.com. It was created to catch up to the hype when Russian speaking users have started actively sharing infographics through social media regarding the real estate they’d like to...
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PurpleBricks dominates U.K. online real estate listings
PurpleBricks has extended its dominance of the U.K. online real estate listing sector but high street-based estate agents are increasing their overall industry market share, according to data from independent consumer advice group The Advisory. The research is based on RightMove and Zoopla data and shows PurpleBricks has a 69.4 percent share of the online sector, ahead of Yopa on 10.9 percent. But the online...
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Scout24 revenue grows by 12.5% thanks to Finanzcheck.de
Scout24 has released its preliminary results for 2018 and reports a growth rate of 12.5% leading to a revenue of EUR 531.7 million ($600 million U.S., 2017: EUR 472.6 million, $533 million U.S.). 2.6% of the growth (EUR 46.8 million, $53 million U.S.) is attributable to Finanzcheck.de, a consumer loan comparison site acquired by Scout24 in July 2018.
SpotAHome appoints Cleo Sham as COO
Madrid-based rental portal SpotAHome.com has hired Cleo Sham as chief operating officer. She will supervise the expansion and development of SpotAHome's existing markets, and direct its overall business strategy.
58.com invests in VR provider 123kanfang.com
Chinese classifieds leader 58.com (NYSE: WUBA) has made an undisclosed strategic investment in VR real estate listings technology provider 123kanfang.com. Founded in 2015, 123kanfang.com claims to be the world’s first technology provider to achieve extremely low cost 3D-modelling through machine learning. The technology is able to create seamless VR reproductions using low-cost cameras, and without the need for professional photographers. According to 123kanfang.com’s website, the...
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Redfin launches in Canada
Redfin real estate vertical launched operations in Canada by opening an office in Toronto. It follows a Canadian court decision last year liberalizing rules for online publishing of home-sale data.
RedArbor launches SherlockHR
Catalonia-based digital recruitment network RedArbor.net has launched a new human resources brand: SherlockHR. It offers employers data-driven recruitment and is integrated with CompuTrabajo, the leading job portal in Latin America.
BProperty introduces property vetting services
Bangladeshi property site BProperty has introduced rental property vetting services to landlords to improve its intermediary role as the country's No. 1 real estate vertical.