ZPG, the parent company of estate agents' portal Zoopla, will sell the Dutch arm of Hometrack to local operator REA Group for £71m ($96m). ZPG's CEO, Alex Chesterman, said REA was a "more natural owner" for the division since it is based in Australia and said ZPG would focus on its core markets of the UK and Europe. The unit was acquired by ZPG when it purchased the overall Hometrack business in the UK last year. In November, the firm acquired Australian analytics firm Calcasa in a deal worth €30m ($36m).
ZPG, the parent company of estate agents' portal Zoopla, will sell the Australian arm of Hometrack to local operator REA Group for £71m ($96m). ZPG's CEO, Alex Chesterman, said REA was a "more natural owner" for the division since it is based in Australia and said ZPG would focus on its core markets of the UK and Europe. The unit was acquired by ZPG when it purchased the overall Hometrack business in the UK last year. In November, the firm acquired Dutch analytics firm Calcasa in a deal worth €30m ($36m).