Last year, Bproperty acquired Lamudi Bangladesh
Emerging Markets Property Group (EMPG), the parent company of Bangladesh’s only property solutions provider Bproperty, announced that they acquired Lamudi Global.
EMPG has been operating in the MENA, South Asia, and Southeast Asia regions and this acquisition sees them expand their business in the Philippines, Indonesia and Mexico, according to a press release.
Last year, Bproperty, which is one of the flagship ventures of EMPG in Bangladesh, had acquired Lamudi Bangladesh.
Lamudi was founded in 2013 as an online property platform that focused on emerging markets. It had quickly established itself as a well-recognized brand and a well-established player in Philippines, Indonesia and Mexico.
EMPG CEO Imran Ali Khan said, “We welcome the Lamudi Global teams to the EMPG family. They bring with them a lot of experience and domain knowledge, and we value the people who have been with the business since the beginning. We look forward to working with the team to continue growing the business, and EMPG will provide strategic, technological and financial support as needed.”
He also mentioned that the acquisition of Lamudi Global signaled EMPG’s intent to focus on Southeast Asia in addition to its core regions.
Mark Nosworthy, CEO of Bproperty, said, “We have seen how the acquisition of Lamudi Bangladesh by Bproperty last year greatly benefit the people of Bangladesh in terms of the real estate services. We are hopeful that this new acquisition will follow a similar path and allow us to combine our resources to provide the best of services to the people.”