Acquisition

RIGHTMOVE PLC

Acquisition of HomeViews Platform Limited

Rightmove plc, the UK's largest property portal, today announces the acquisition of HomeViews Platform Limited ("HomeViews") for a cash consideration of £8 million.

HomeViews is the UK's biggest community of verified resident reviews of property developments, with a particular focus on the build to rent sector.

It helps prospective residents make more informed decisions about where to live, as well as providing rental operators and developers with a powerful research and marketing tool to help them better understand their residents' experiences.

Its data platform, HomeViews Pro, is also used by the build to rent industry to better understand resident experiences and trends across the sector.

HomeViews CEO, Rory Cramer, will continue to lead the HomeViews team following the acquisition.

Rightmove's CEO Johan Svanstrom said: "The HomeViews team has built an impressive platform that gives consumers additional useful information to make decisions. It also provides valuable feedback for industry operators, especially in the build to rent sector, which is an exciting and fast-growing segment of the UK property market. This acquisition provides Rightmove with yet another opportunity to further enrich our market-leading property information set for UK consumers and to create new and effective relationship tools for our build to rent operator partners. We're very excited to have Rory and the entire HomeViews team onboard."

HomeViews CEO Rory Cramer said: "Joining Rightmove gives us a brilliant opportunity to expand our services for our partners and other stakeholders. Rightmove's brand leadership, its ongoing digital and product innovation, and the breadth and depth of its reach across the UK property market make this a fantastic combination. We can't wait to start working together to leverage those benefits for the rapidly expanding build to rent market."

ENDS

Notes to editors

For more information, please contact Amy Murphy at the Rightmove Press Office on amy.murphy@rightmove.co.uk