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Private Property's new change in ownership.

Private Property South Africa
Private Property Reporter |
Private Property's new change in ownership.

Simon Bray, of Private Property, shares more information on the property portal's new partnership with Caxton Local Media.

Marc Maurel: Simon, so the future is looking really bright for Private Property. Why don't you tell us a bit more about the change in ownership?

Simon Bray: Yeah, for sure. I mean, it's a very exciting time for the business. We've obviously gone through a few years of exciting growth, and the market is starting to mature in South Africa, people are coming online more and more to find their new home. And we're one of those destination platforms for that. So we are obviously an exciting business for investors to be involved in, and we went through a process during the course of last year looking for the right fit, the right strategic partners to take the business now to the next level. And I think we've found it. We've found an excellent fit between the real estate industry themselves, who are heavily invested in what we do and how we do it, and looking to us, perhaps, as a driver of innovation and change in their world. And we've got this exciting new media partner in Caxton Media that have this incredible regional network and brands that people know and respond to, and there's this legacy component to what they offer. And I think we get to add a new-school veneer to all of that. So the mix is very strong, and we're excited about what it could do for our business.

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