Newhome: CH Media joins real estate platform
CH Media, one of the largest media groups in Switzerland, has acquired a 20 percent stake in the digital real estate broker.
The media company CH Media is acquiring 20 % in the real estate platform Newhome. "The investment is part of a clear growth strategy: Newhome is to be strengthened and further developed as a leading regional real estate portal," writes CH Media. At the same time, CH Media is tapping into an additional income stream in a fast-growing advertising market.
The real estate portal Newhome was previously owned by a consortium of 19 cantonal banks via NNH Holding AG (50 %), a group of 536 companies from the real estate sector (Next Property AG) (30 %) and AXA (20 %). CH Media's investment is part of a capital increase, with the result that the cantonal banks now hold 39.25 %, Next Property AG 23.35 % and AXA 17.4 %.
"Newhome is an ideal addition to our existing classifieds business," says Michael Wanner, CEO of CH Media. "We already operate several digital job portals and see the real estate marketplace as another attractive growth area." His company is a joint venture between the NZZ Media Group and AZ Medien, in which the regional media of both groups are bundled.
The Chairman of the Board of Directors of Next Property is Claude Ginesta, CEO of Ginesta Immobilien. He describes the added value of Newhome as a contribution to a "fair, transparent and partnership-based digital real estate market". Newhome is to be strengthened as a platform "without data monetization, interference in transactions or one-sided price targets". (aw)
