PropertyNews.com Sold to GCD

GCD Technologies has acquired Northern Ireland property portal PropertyNews.com from publishing company Mediahuis for an undisclosed sum.

Andrew Gough, Managing Director at GCD, said: “We have a long history with Propertynews.com and our team have a deep relationship with the platform, its technology and its customers, so we are delighted to be taking ownership of the site and its software products. We are really excited about the future of Propertynews.com and the innovation we can bring to the property market in Northern Ireland.”

He added that the purchase of Propertynews.com fits perfectly within the company’s strategy to further grow this stream of the business, whilst simultaneously growing its client service work.

Mediahuis, which owns the Irish Independent, Belfast Telegraph and a range of local newspapers, is focusing on its core publishing business and other leading classified sites.

Marc Vangeel, CEO of Mediahuis Ireland, said: “Mediahuis are proud to have owned the propertynews.com portal within our portfolio of news media and digital brands since 2019, but we believe GCD Technologies will bring the resources and product development experience needed to continue to compete effectively into the future.”

GCD Technologies has been an existing partner for the website for more than 15 years, with responsibilities for design and development of the portal, its associated apps and real estate agency management software products.

The company currently employs almost 40 people between offices in Lurgan and Dublin, and its acquisition of Propertynews.com is expected to see the fast-growing business further increase its headcount.

Propertynews.com was established in 2000 as Northern Ireland’s first property portal, and it became part of Mediahuis when the publisher acquired Independent News & Media in 2019.

Pictured above: Andrew Gough, co-founder and Managing Director and Andrew Cuthbert, co-founder and Technical Director, of GCD Technologies.