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Dot-com estate agents in mega-merger

A monopoly in the making...

By Ian Jones

Published: 6 August 2001 07:55 GMT

Propertyfinder is set to merge with Asserta - the online estate agency division of CGNU - in a deal that will mean the combined firms hold details on 56 per cent of all UK properties for sale at any one time.

The all-stock merger will create a database of some 250,000 properties for sale. It also gives Propertyfinder's main investors - Hamptons Internation and Arts Alliance - 20 per cent of the merged firm.

The company will operate under the name Asserta Holdings, but both brands will remain, targeting their traditional market segments.

  1. Zones
  2. Management
  3. Networks
  4. Software
  5. IT Services
  6. Hardware
  1. Verticals
  2. Public Sector
  3. Financial Services
  4. Retail & Leisure
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