German Media Group further investment in to Purplebricks

June 5, 2019
sold purplebricks

Recent news story states that Axel Springer, the German media group, have furthered their investment stake in to the online estate agency concept of Purplebricks. The double equity stake was recently made with thoughts now that this move could see a new bid coming in for the PLC that has divided many within the UK property industry.

Axel Springer is now said to have a share amount of over 26% following purchasing equity from both founders share chest (Michael and Kenny Bruce).

Many of the online estate agencies / hybrid estate agents are suffering with regards to share value, PurpleBricks were over £3.75 a share last year compared to floating around the £1 today.

A more detailed report on PurpleBrick’s new share sale can be read on the Financial Times website.

EAN Breaking News

Breaking News from the team at Estate Agent Networking. Have a new story to share with us? Then please get in contact today! When and where we can we will refer to third party websites with a 'live link back' where news was released first.

You May Also Enjoy

Breaking News

Private rent and house prices, UK: December 2025

Main Points Average UK monthly private rents increased by 4.4%, to £1,366, in the 12 months to November 2025 (provisional estimate); this annual growth rate is down from 5.0% in the 12 months to October 2025. Average rents increased to £1,422 (4.4%) in England, £820 (6.1%) in Wales, and £1,012 (3.3%) in Scotland, in the…
Read More →
Breaking News

Breaking Property News 17/12/25

Daily bite-sized proptech and property news in partnership with Proptech-X. How to get Proptechs from MVP to EXIT Reporter Zara S. Proptech has spent years trying to prove its relevance to the property industry. New platforms appear daily, capital flows in cycles, and “disruption” is promised more often than it is delivered. What is far less…
Read More →
Estate Agent Talk

Why Real Estate Pros Should Care About the RoHS Directive in Smart Home Tech

Some of the tasks that real estate pros perform nowadays include negotiating and posting, and checking houses on property listings. You also have to deal with buyers who expect “smart-everything,” landlords who want long-term reliability, and tenants who care about safety and sustainability. In the middle of these expectations, there’s rohs directive. Why should you…
Read More →
Breaking News

A fifth of ‘second-steppers’ received financial help from friends or family to buy their home

 ‘Second-steppers’ who had financial help received £81k on average towards purchasing their home Three in 10 second or third-time owners who received financial help for their current property, say they also received support for a previous home Barclays data shows spending on rent and mortgages rose by 3.5 per cent year-on-year in November, the smallest…
Read More →
Breaking News

NPPF review is a chance to fix planning, build homes, restore wildlife and help SMEs

The latest National Planning Policy Framework (NPPF) unveils an ambitious package of reforms designed to speed up the planning process and make smaller sites more viable. This includes trimming environmental regulations and cutting Building Safety Levy on smaller sites, as well as providing more funding to local authorities to process planning applications faster, whilst taking…
Read More →
Letting Agent Talk

Five key tax mistakes made by landlords

By Allison Thompson, National Lettings Managing Director, Leaders Landlord tax is a hugely complicated area, so if you are investing in buy-to-let or renting out any property you own, it’s well worth consulting a specialist property tax adviser. They can help ensure you: a. Own, let, take income and realise gains from your investment in…
Read More →