Axel Springer invests in Luxembourg property portal Immotop.lu
Immoweb, a company of Axel Springer Digital Classifieds, and Real Web, the parent company of Immobiliare.it, have acquired 70% of the shares in Real Estate Media, which operates Immotop.lu.
06.10.2017
One
of Europe's largest media companies Axel Springer has invested in Luxembourg property portal Immotop.lu.
Immoweb,
a company of Axel Springer Digital Classifieds, and Real Web, the
parent company of Immobiliare.it, have acquired 70% of the shares in
Real Estate Media, which operates Immotop.lu.
The
remaining shares are held by the founders Serge and and Alex
Uschkaloff.
"We
always wanted to enter the attractive Luxembourg market. Immotop.lu
offers us the opportunity to satisfy audiences from both Belgium and
Luxembourg with our cumulative real estate offer," said Christophe
Rousseaux, Executive Vice President, Immoweb.
The
portal has more than 450 customers, 25,000 listings and 130,000
visitors per month.
The
new shareholders said they plan to support the management with their
expertise in real estate classifieds as well as with financial
investments.