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1 December 2017 - UK-based property and household-related digital brand owner ZPG plc (LSE: ZPG) has agreed to acquire Dutch property valuations and statistical market analysis provider Calcasa for EUR 30m (USD 35.74m) on a cash-free, debt-free basis, with a performance-based earn-out of up to EUR 50m, the company said.
Established in 2005, Calcasa is the leading automated valuation model ("AVM") and residential property market insights provider in the Netherlands.
With the largest property database of over 10m unique price points Calcasa provides property valuation and risk analysis to over 100 key stakeholders in the Dutch housing market including mortgage lenders, brokers, investors, surveyors, estate agents, developers, validation institutes, housing corporations, pension funds, government agencies, regulatory institutions, research companies and real estate funds.
The acquisition of Calcasa by ZPG creates the largest residential property valuation database in Europe and builds on Hometrack's leading position in the UK and Australia as an international property data platform.