Brussels, Belgium, June 5, 2020
Merodis, an independent independent corporate finance advisory firm, is pleased to announce that it successfully assisted in the sale of a minority stake in Immovlan to the Belgian bank and insurance company Belfius.
Launched in 2007, Immovlan (www.immo.vlan.be) swiftly became a leading property online platform in Belgium with 4.5m visits per month, 300k contacts per month and a portfolio of 140k properties for sale or rent. The company, led by CEO Eric Spitzer, has been shaped by a strategic partnership between two leading players in Belgium’s media sector: Groupe Rossel and Roularta Media Group. This transaction further strengthens Immovlan’s capacity to become one of the main digital real estate platforms in Belgium.
For Belfius, this strategic partnership is a key step in its global “beyond banking” strategy aiming at offering its clients a transversal portfolio of services. For Rossel and Roularta, it allows to accelerate the innovative strategy “mobile first” and strengthen Immovlan’s leadership.
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