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International Internet Magazine. Baltic States news & analytics Friday, 29.03.2024, 16:13

Real estate portal of Ekspress Grupp will be launched in few weeks

BC, Tallinn, 23.11.2017.Print version
The new real estate portal of the listed Estonian media and entertainment holding Ekspress Grupp in cooperation with six real estate agencies may be launched in the next few weeks, informs LETA/BNS.

"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.






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