Axel Springer’s French subsidiary holds a 16.1 percent interest in iProperty
SeLoger.com, subsidiary of Axel Springer AG, and largest property classifieds online portal in France, has increased its stake in iProperty, Asia’s No 1 network of online portal sites, from 9.1 percent to 16.1 percent. The Australian listed iProperty Group operates market leading property portals in Malaysia, Hong Kong, Indonesia and Singapore with investments in India and the Philippines. SeLoger.com has been engaged in iProperty since June 2011.
Roland Tripard, CEO of SeLoger.com: “Asia’s online market is growing rapidly, especially in the field of classifieds. With our strategic interest in iProperty we are benefitting directly from the tremendous growth potentials in the Southeast-Asian countries and also contributing to the further internationalization of SeLoger.com.“
media contact: Christian Garrels
media contact: Claudia Thomé