As with all websites, we use cookies. The company behind online property portal Zoopla has sold the Australian division of Hometrack for £71m, less than 18 months after acquiring the whole of the property valuation firm for £120m. Welcome to propertyweek.com. As well as expecting shorter lease lengths and co-working trends, occupiers are looking beyond traditional sector ‘districts’. Zoopla owner ZPG’s largest investor is DMGT, the parent company of the Daily Mail. Regarding points two to five, of course I do not know what Chesterman has planned, but it’s a safe bet it will have far-reaching implications for our industry.The UK proptech market is flourishing and with the help of more early-stage funding could soon rival that of the US. US private equity firm Silverlake has paid £2.2bn to take control of ZPG, the owner of online property portals Zoopla, PrimeLocation and SmartNewHomes. For the UK proptech industry, it’s exciting, because very large amounts of American capital has landed for the first time, dwarfing the mostly small sums invested by British investors to date.Here I lay out some thoughts as to what direction ZPG may take over the next three to five years.
Earlier this month Silver Lake, a US private equity firm, offered £2.2bn to buy Zoopla Property Group (ZPG). Earlier this month Silver Lake, a US private equity firm, This is by far the biggest deal so far in the broader UK proptech universe and warrants further analysis. “It has established strong positions in property classifieds, home and financial services markets by innovating in product and marketing. For the UK property industry, this means more change. Founded in 2007, ZPG's websites and apps attract over 50 million visits per month and over 25,000 business partners use its services.“ZPG is a great growth technology company,” said Simon Patterson, managing director of Silver Lake. It holds or has exited investments in Alibaba, Tesla, Skype, Zygna and Symantec.

No comments. By Andrew Miles (Realla) 2018-05-31T05:03:00+01:00. Silver Lake/Zoopla deal will have far-reaching implications for UK property and proptech.

Everyone aspires to have a place they can call home. We are delighted to partner with Alex Chesterman, one of Europe’s leading and most accomplished technology entrepreneurs, to invest in ZPG’s continued growth.”Founded in 1999 and headquartered in Silicon Valley, Silver Lake is the global leader in technology investing, with an estimated $39bn in combined assets under management and committed capital.“I  am firmly of the belief that ZPG will benefit from Silver Lake’s technology expertise and global network, which will help accelerate our growth,” said Alex Chesterman, founder and chief executive of ZPG. This is a rise of … Silver Lake is the global leader in technology investing, with more than $60 billion in combined assets under management and committed capital and a team of approximately 100 investment and operating professionals located around the world. Despite the recent, much-publicised problems of WeWork and some smaller providers, flexible workspace is booming. BY Fraser Tennant In a move that is expected to give a massive boost to the PropTech sector, US private equity (PE) firm Silver Lake is to acquire ZPG, parent company of Zoopla, one of the UK’s largest internet property search companies.

The average price for property in Silverlake stood at £674,327 in July 2018. These are in no particular order, but hopefully present some interesting food for thought:Of the above, the first point is probably a given – almost ‘business as usual’.