Estonia, Good for Business, Internet, Real Estate, Technology
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Friday, 29.03.2024, 16:13
Real estate portal of Ekspress Grupp will be launched in few weeks
"I would prefer not to give out the date of the launch, it will
come with a bang, remarkably and with a surprise. The plans are big and the aim
is to encompass a significant position on the Estonian real estate portal
market, I would prefer not to disclose plans and marketing messages just
yet," Ott Heidmets, board
member of OU Kinnisvarakeskkond
told BNS. He added that the launch may be clarified in the next few weeks.
Ekspress Grupp founded a new affiliated company OU Kinnisvarakeskkond,
the field of activity of which is the development of a real estate portal. AS Ekspress Grupp owns 49 percent of the
shares of OU Kinnisvarakeskkond, the
company told the stock exchange in August.
In addition to Ekspress Grupp,
the circle of owners of the new company through the company Sadauksteist OU
founded on April 24 includes Arco Real Estate, CKE Kinnisvara Tallinn, Domus Kinnisvara, Uus Maa, RE Kinnisvara Projekt
and Realia Group with a shareholding
of 8.5% each.
Mari-Liis Ruutsalu, member of the management board of Ekspress
Grupp, told BNS then that the aim is to create a real estate portal, which
would be the best service provider on the market and increase competition.
The shareholders have paid in 100,000 euros of share capital into the
company and the supervisory board of the company includes Kalev Roosivali, Mari-Liis Ruutsalu, Tarmo Sild and Andre
Veskimeister.
Real estate firms Uus Maa, Arco Vara,
Pindi Kinnisvara, CKE, Domus Kinnisvara, LVM, Ober Haus, 1Partner, RE
Kinnisvara, LAAM and Kinnisvaraekspert
announced at the end of March that they were ending cooperation with the
real estate portal Kv.ee. The 11 companies named changes to the pricing model,
which caused an increase in the expenses of larger firms, as the main reason
for the termination.
As at the end of May, LVM,
Domus Kinnisvara, CKE, LAAM, 1Partner, Kinnisvaraekspert and Uus Maa had returned to Kv.ee.
AS Eesti Meedia, the biggest
media group in the Baltic countries which also owns Kv.ee, in August announced
that it had bought the competing City24 portal.