bproperty.com acquires Lamudi Bangladesh

January 8, 2019
Share this Post: 

Bproperty.com, a real estate marketplace, has recently acquired another property portal, Lamudi.com.bd. The purchase is suspected to give bproperty.com a leg up on the competition.

Mark Nosworthy, CEO of bproperty.com, confirmed the deal but declined to reveal the amount they paid. “We are not disclosing the amount under confidentiality with Lamudi Bangladesh.”

Nosworthy's company is scheduled to hold a press conference to disclose the new development alongside business plans.

Bproperty.com is a new kind of business venture that provides all legal and banking support to the purchasers and gives marketing support to the real estate and land developers in a single place.

It is a part of Emerging Markets Property Group (EMPG), which also owns top UAE property portal bayut.com and Pakistan's largest property portal Zameen.com.

The business runs in Bangladesh under a commission model, which is about 5 percent based on the property's location, utility services and urbanization.

Nosworthy, also chief financial officer of the EMPG, told The Daily Star that they had a complete view of the real estate market.

He said they are very committed to improving Bangladesh's real estate industry and could work for mutual benefit.

Read more here

Join us in Bangkok the 19th to the 21st of March for the Property Portal Watch Conference.

Property Portal Watch Bangkok Conference 2019, March 19-21

January 8, 2019

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Ringier Ag
Ringier (Switzerland) Agrees to Acquire 100% of Shares in Ringier One Africa Media

Swiss-based media company Ringier AG—owner of around 130 subsidiary businesses including real estate online marketplaces—has agreed to acquire almost 100%...

Read More
Funding Roundup Wynwood Homesfy
More Funding Rounds Closed as Wynwood House and Homesfy Plan Major Expansions in LATAM and India Respectively

Hot after news that UK-based Giraffe360 and Finnish iBuyer Rive each completed multi-million funding rounds, two more companies have announced...

Read More
Boomin Chain
Mortgage Advice Bureau Writes off Boomin Investment as the Failed Portal Publicises its £10M Debts

The Mortgage Advice Bureau (MAB) has written off its £2.5m investment in Boomin, the UK portal that went bust last...

Read More
Shutterstock 601941827
Zoopla and OnTheMarket Rule Out Price Breaks for Struggling Agents

British property portals Zoopla and OnTheMarket have ruled out enacting price breaks for agents struggling with the cost of living...

Read More

Editor's Pick