trending Market Intelligence /marketintelligence/en/news-insights/trending/kjcYPcZV0ctn1vUdmZMmbg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Online estate agency Emoov to re-launch under new ownership

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

Online estate agency Emoov to re-launch under new ownership

U.K.-based online real estate agency Emoov Ltd. was acquired by peer-to-peer lettings platform Mashroom and is set to re-launch a little over a month after it entered administration.

Property Week reported that the deal is understood to be worth about £300,000 and comes eight months after Emoov was valued at up to £125 million by Cenkos Securities PLC.

Mashroom plans to re-launch the agency under new management in late January, according to a release. Mashroom COO Naveen Jaspal will take on the same role at Emoov.

The online platform, which merged with peer Tepilo Ltd in May 2018, will carry on operating as a hybrid agency based on a branch-free, fixed-fee model with self-employed agents. Tepilo will operate under its own name as a hybrid estate agent under Mashroom management.

Meanwhile, Mashroom is set to officially launch in March.