Immoweb and Real Web acquire majority stake in Luxembourg’s property portal Immotop.lu




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04.10.17

Immoweb and Real Web acquire majority stake in Luxembourg’s property portal Immotop.lu

To press release overview

Immoweb S.A., a company of Axel Springer Digital Classifieds, and Real Web S.A., parent company of Immobiliare.it, have acquired 70% of the shares in Real Estate Media S.A., which operates the Luxembourgish property portal Immotop.lu. The remaining shares are held by the founders.

Real Estate is booming in Luxembourg with lots of new buildings under construction and a high number of transaction of existing homes. As a consequence, real estate agents and developers are eager to get more exposure for their listings, aiming to sell all of these properties on the market. This is also affecting neighbouring border areas of Belgium, France and Germany, leveraging on this positive momentum.

Founded by Serge and and Alex Uschkaloff Immotop.lu has steadily grown to become a leading real estate portal in the Greater Region of Luxembourg. With more than  450 customers, 25,000 listings and 130,000 visitors per month, Immotop.lu is the fastest growing property portal in the market.

The new shareholders plan to support the management with their long-standing expertise in real estate classifieds as well as with financial investments.

Christophe Rousseaux, Executive Vice President, Immoweb S.A.: "We always wanted to enter the attractive Luxembourg market. Immotop.lu offers us the opportunity to satisfy audiences from both Belgium and Luxembourg with our cumulative real estate offer.”

Andrea Piccioni, President, Real Web S.A.: “We have been in contact with the team at Immotop.lu for a few years and, together with Immoweb, we see the possibility to bring significant benefits to Luxembourgish agencies as well as real-estate seekers via broader regional supply while leveraging our proven marketplace know-how as a leading operator in different markets/categories.”

Serge Uschkaloff, Co-founder and CEO, Immotop.lu: ”It was a real strategic opportunity for our company to get a stronger position on the market and ensure our growth in the long run. The close collaboration with qualitative partners like Immoweb and Immobiliare.it opens new horizons and provides us with a know-how, essential for the development of our business. Our customers already benefit from this partnership with the launch in September of a new responsive web site and performant professional tools helping to get a better return on investment.”

About Immotop.lu

Founded by brothers Uschkaloff  in 2008, Immotop.lu has quickly became one of the leading property portals in Greater Region of Luxembourg. With more than 25,000 listings and 130,000 visitors per month as of September 2017, Immotop.lu serves more than 450 local and international real estate agencies.

About Immoweb

Established in 1996, Immoweb employs currently more than 90 people. It is one of the most visited sites in the Belgium. Fully dedicated to real estate, Immoweb has become the first choice of agents, property developers, notaries and private owners and presents its portfolio of high quality properties to the largest public in Belgium (more than 350,000 visits per day on the site and mobile apps). Immoweb is part of Axel Springer (the leading digital publisher in Europe) since 2012.

About Real Web

Real Web operates a number of leading online marketplaces in Europe through its controlled or participated entities, including – in the Real Estate vertical – Immobiliare.it in Italy and Spitogatos in Greece and in the Adriatic region; ProntoPro.it and StarOfService.com in the Professional Services marketplace in Italy and France; Uala.it and Bucmi.com in the Beauty segment in Italy and Spain/Portugal; Facile.it in the online insurance brokerage in Italy.

Press contact Immotop.lu:
Candice Simon

Tel. +352 266 544 56
candice@immotop.lu

Press contact Immoweb.be:
Vincent Dumont

Tel. +32 2 333 32 11
vdu@immoweb.be

Press contact Axel Springer SE:
Bianca-Maria Dardon Mota

Tel: +49 30 2591 77641
bianca.dardon@axelspringer.de