OnTheMarket plc Hunters lists its properties at OnTheMarket.com
06 March 2018 - 6:01PM
RNS Non-Regulatory
TIDMOTMP
OnTheMarket plc
06 March 2018
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06 March 2018
Hunters Property Group now listing its properties at
OnTheMarket.com in long-term agreement
OnTheMarket plc, the agent-backed company which operates the
OnTheMarket.com property portal, is pleased to announce that in
line with the long-term agreement announced in December 2017, the
estate agency firm Hunters Property Group plc ("Hunters") is now
advertising its UK residential sales and lettings properties at
OnTheMarket.com.
The agreement was conditional upon OnTheMarket plc's admission
to the AIM market of the London Stock Exchange. Under the
agreement, Hunters has also agreed to actively promote the
OnTheMarket.com portal brand with digital and branch-based
marketing activity.
Hunters Property Group operates one of the largest national
sales and lettings estate agency businesses in the United Kingdom
with a network of around 200 owned and franchised branches.
This follows announcements from OnTheMarket plc in February that
Arun Estates (100+ branches) and Chancellors Group (50+ branches)
are now also listing their properties at OnTheMarket.com, as part
of five-year agreements.
ENDS
For further information, please contact:
OnTheMarket
Ian Springett, CEO 0207 930 0777
Clive Beattie, CFO
TB Cardew (Financial PR adviser) 0207 930 0777
Ed Orlebar or Tom Allison 07738 724 630 or 07789 998 020
Background on OnTheMarket:
Launched in January 2015, the OnTheMarket.com property portal
was created by Agents' Mutual Limited, a company limited by
guarantee and founded in January 2013 by a small group of agent
firms, with the objective of creating a new portal to challenge the
dominance of Rightmove and Zoopla. Both groups were felt to be
using their strong positions relative to their agent customers to
impose significant price increases for their portal services.
The Agents' Mutual proposition of an agent-backed portal
offering a premier search service to consumers whilst charging fair
prices to agents quickly found support among a very wide group of
leading independent agents across the UK. These firms funded the
venture by way of loan note subscriptions and committed to list
with the portal once it went live.
OnTheMarket is the third biggest UK residential property portal
provider in terms of traffic and has, with backing from its agent
owners, developed unique sources of competitive advantage such as
the "New and Exclusive" property listings.
OnTheMarket plc was admitted to AIM on Friday 9 February 2018
alongside a capital raise of GBP30 million to support a new growth
strategy for the business.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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