Online Agent EasyProperty Sold Off

eProp Services Group PLC, the parent company of The Guild and Fine & Country, has sold its easyProperty business to Evolve Partnership – a company which provides outsourced services to the property industry.

The deal has the financial support of EasyJet founder Sir Stelios Haji-Ioannou, a report says.

Evolve Chief Executive David Brierley comments: “We are very excited about the acquisition and see it as a huge opportunity for the industry to engage in something different.

“We are also extremely pleased to have the financial support of Sir Stelios Haji-Ioannou, founder of easyJet, as a significant shareholder and owner of the easy family of brands, who has a very personal interest in seeing the brand succeed.”

Brierley suggests that Evolve’s strategy for its new acquisition will be to strengthen the easyProperty brand in the areas in which it already operates.

Despite benefitting from the ‘Easy’ branding easyProperty still only has a miniscule presence in the online agency business, a business which is increasingly dominated by Purplebricks. So many property industry experts will be puzzled by why Evolve has bought easyProperty let alone what their plans for its future might be.

What is DealMakerz Prime?

In depth stories

Want to know the story behind Britain's latest property mogul? Why a company is going bust? Our coverage goes beyond run-of-the-mill news on key real estate issues.

High powered community

Our subscribers are made up of the most influential Founders and CEO's in UK property. Gain a competitive edge and get informed - read what they read.

Exclusive guest articles

Understand exactly what the most senior figures in UK property are thinking. Exclusive opinion articles from powerful real estate influencers that move markets.

Source EAT
You might also like