Purplebricks breaks into European market with multi-million pound German deal

Britain's biggest online estate agent is moving into Europe for the first time by acquiring a stake in its most prominent German counterpart. The Solihull-based property group has become a shareholder in Homeday through a joint venture, called NewCo, with the German media giant Axel Springer. NewCo has conditionally agreed to a first round investment which wil lgive it a shareholding of 25.9% in Homeday, including an existing 4% stake brought in by Axel Springer and Newco a valuation of €25.4m (£22.3m), equating to an investm... For the full story register now for free or login below...
Close