Axel Springer acquires Belgian real estate site Immoweb



German media group Axel Springer bought the majority of shares (80 percent) in the Belgian real estate listing website Immoweb, reports L’Echo/De Tijd today.

Immoweb was founded in 1996 by Christian Rousseaux. His son Christophe Rousseaux is currently CEO of Immoweb. According to Rousseaux, Immoweb received many buy out offers in recent years, and finally consented to a deal with Axel Springer because it saw an opportunity for further growth under Axel Springer ownership. Christophe Rousseaux will remain CEO of the team of 55 and the company’s headquarters will remain in Brussels.

Immoweb currently has about 140 000 real estate listings online and receives roughly 2,4 million unique visitors per month.

UPDATE:

DataNews reports that Axel Springer paid 127,5 million € for the transaction.

via Immoweb in Duitse handen: De Tijd.

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Raf Weverbergh

Editor of whiteboard. Raf Weverbergh was a magazine journalist whose work appeared in magazines like Rolling Stone, Playboy, Mail on Sunday, Publico and South China Morning Post. He is the co-founder of FINN, a corporate communications agency where he advises startups and multinationals on their PR and Mustr, the easiest media database for PR professionals. You can contact him on Twitter, Linkedin or Skype (rafweverbergh).

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