The AVIV Group, a subsidiary of Axel Springer, this week reached a deal to acquire 100 percent of website MeilleursAgents for EUR 200 million (cash/debt-free).
MeilleursAgents was founded in Paris in 2008, has 1.8 million unique visitors per month, and is used by property owners in France. Property owners can have their property valued for free within minutes online and can, if they also wish to sell it, search for and get in contact with the relevant real estate agent.
According to Axel Springer, MeilleursAgents has established itself as a partner for real estate agents and has partnerships with several thousand of them in France. The company employs approximately 250 people and is headquartered in Paris. Axel Springer says MeilleursAgents is expected to near break-even in 2019.
AVIV Group was founded by Axel Springer in 2018 and runs activities in real estate, car and generalist classifieds in Germany (Immowelt), France (SeLoger, Logic-Immo, Car&Boat Media), Belgium (Immoweb), and Israel (Yad2).