NZME Limited has announced that its subsidiary, NZME Publishing Limited, will acquire the remaining 20% of shares in OneRoof Limited, bringing its total shareholding to 100%.
The acquisition will be made from joint venture partner Hougarden.com Limited at a price of $2.1 million, payable in instalments until July 2026.
NZME views OneRoof as a key strategic pillar and aims to further grow the property platform.
The company sees the property industry as an area of future growth and is looking forward to continuing to expand its OneRoof offering.
Hougarden will continue to be a service supplier to OneRoof in the future.
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