SeLoger.com, the largest property classifieds online portal in France, has increased its stake in iProperty, from 9.1 percent to 16.1 percent.
The investment by SeLoger.com into iProperty Group is validation of the company’s leadership position in Asia, where it operates market leading property portals in Malaysia, Singapore and Hong Kong, and has recently entered into an agreement to acquire the No. 1 and No. 3 property portals in Indonesia.
“Asia’s online market is growing rapidly, especially in the field of classifieds. With our strategic interest in iProperty we are benefiting directly from the tremendous growth potentials in the Southeast-Asian countries and also contributing to the further internationalization of SeLoger.com.“ said Roland Tripard, CEO of SeLoger.com.
Simon Baker, Chairman of iProperty Group said, “We are delighted to have SeLoger.com invest in the business. They are a global leader in the industry operating one of the largest and most successful property portals.
“We are pleased to announce that Roland Tripard, the CEO of SeLoger.com, will join the Board and that the companies will actively exchange best practice information, ideas and operating approaches.
“The combination of SeLoger’s significant experience in residential and commercial portals, software, print, and events, combined with IPGA’s rapid growth and well established footprint, will create a formidable partnership in the Asian region,” Simon Baker concluded.