PropertyEuro, the research and publishing firm that publishes the magazines PropertyNL and PropertyEU, announced Tuesday that it has acquired London-based property news site PropertyDay.com. The terms of the transaction were not disclosed.
PropertyEuro, the research and publishing firm that publishes the magazines PropertyNL and PropertyEU, announced Tuesday that it has acquired London-based property news site PropertyDay.com. The terms of the transaction were not disclosed.
Founded in 2003, PropertyDay is a meta news site that offers property professionals up to 750 daily news articles from 109 sources across 32 countries. 'PropertyEU provides information in English about cross-border development, financing and real estate investiment. With PropertyDay.com we are extending PropertyEU´s range of products with free daily updates from practically every country in the world, a fantastic new service for our readers,' said Wabe van Enk, founder and ceo of PropertyEuro.
'PropertyDay is a concept with strong growth potential in the field of online communication and advertising.' said Henk Fieggen, Publisher of PropertyNL and PropertyEU. 'This acquisition extends our reach beyond Europe and establishes us as a player in the global property news market in which the company has not previously competed.'
Maarten Thissen, founder of PropertyDay, said the takeover should yield some major improvements for readers during the course of 2007. 'The acquisition marks the beginning of an exciting new era of growth for PropertyDay,' said Thissen. 'We look forward to extending our services to readers and advertisers as part of PropertyEU and to further build our technology platform.'
Amsterdam-based PropertyEuro has established PropertyNL as the authoritative source of commercial real estate information In the Netherlands. The company also publishes PropertyEU, a multi-format cross-media information package for European real estate professionals.
