The announcement came from a press conference by Bproperty officials at Dhaka’s Pan Pacific Sonargaon Hotel, where Bproperty’s CEO Mark Nosworthy said that the acquisition represents a milestone in the real estate market in Bangladesh. “Bproperty’s complete real estate solution gives consumers advice, expertise as well as market transparency they require in order to make the right decision when it comes to engaging with the real estate industry,” he said. The deal, for an undisclosed amount, represents a consolidation of real estate services within the country through bproperty.com, with Bproperty’s innovative and market leading solution to real estate services being strengthened within Bangladesh. In the deal, the current services of Lamudi.com.bd will be wound down with Lamudi’s consumers and real estate developers being serviced through bproperty.com. Mark added that Bangladesh requires an independent real estate company whose sole objective is to ensure that a secure and complete real estate transaction is finalized.

Source: Dhaka Tribune January 08, 2019 17:03 UTC