Global real estate advertiser makes gains in U.K.

The REA Group, a global online real estate advertising company based in Melbourne, Australia, has expanded its footprint in the United Kingdom with the acquisition of Hotproperty.co.uk.

The REA Group's 50 percent owned United Kingdom subsidiary, Propertyfinder Holdings Ltd, has acquired Sherlock Publications Ltd for £5.6 million ($11.1 million USD), the company announced this week.

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