TIDMOTMP
OnTheMarket plc
14 September 2020
None of the information contained in this announcement is deemed
by the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014, nor does it contain
any information that is required to be announced via a Regulatory
Information Service under the AIM Rules for Companies.
14 September 2020
ONTHEMARKET PLC
("OnTheMarket", the "Group" or the "Company")
Taylor Wimpey and OnTheMarket sign listing agreement
OnTheMarket plc, the majority agent-owned company which operates
the OnTheMarket.com property portal, today announces that it has
signed a portal listing agreement with Taylor Wimpey plc, one of
the largest British-based housebuilding companies.
Taylor Wimpey will be listing all its residential developments
and properties for sale at OnTheMarket.com .
Taylor Wimpey has 24 offices across the country and covers most
regions in England, Scotland and Wales, with a dedicated office in
Central London. It was among the top three housebuilders last year
for the number of homes sold, with 15,719 completions.
It builds a wide range of properties, including apartments and
smaller homes for first time buyers, larger family homes and
premium apartments in Central London, with a broad price range,
including both private and affordable homes.
With a four star Trust Pilot rating, Taylor Wimpey is committed
to building high quality homes. This has been regularly recognised
at National House-Building Council (NHBC) Pride in the Job Awards,
which recompenses site managers and their teams who demonstrate
excellence and commitment to producing homes of outstanding
quality.
The agreement follows three months of record leads for
OnTheMarket during which the portal has seen average visits of 26.8
million per month and an average of 2 million leads per month. Over
2 million leads were generated in August, an increase of 64% year
on year.
Helen Whiteley, Commercial Director of OnTheMarket, said : "Our
new agreement with Taylor Wimpey will add added a diverse mix of
properties to our new homes channel.
"Taylor Wimpey is one of the UK's largest housebuilders, is a
highly successful business and has a UK wide geographic reach.
"As part of our growth strategy we have continued to attract a
wealth of developers and expanding this sector remains a key
priority for the portal. I am delighted that another major player
in the industry has decided to join OnTheMarket."
Ceri Pearce, UK Sales & Marketing Director from Taylor
Wimpey, said : "We have watched as OnTheMarket has gathered
momentum to become an established portal and believe now is the
right time for us to join.
"We look forward to finding a new stream of motivated buyers as
a result of this new partnership."
ENDS
For further information, please contact:
OnTheMarket 0207 353 4200
Clive Beattie, Acting Chief Executive Officer
Tulchan Communications 0207 353 4200
James Macey White
Giles Kernick
Zeus Capital (Nominated Adviser/Joint Broker) 0203 823 5000
Jamie Peel, Martin Green, Daniel Harris
(Corporate Finance)
John Goold, Benjamin Robertson (Broking)
Shore Capital (Joint Broker) 0207 408 4090
Daniel Bush, John More (Corporate Finance)
Fiona Conroy (Corporate Broking)
Background on OnTheMarket :
OnTheMarket plc, the majority agent-owned company which operates
the OnTheMarket.com property portal, is a leading UK residential
property portal provider.
Its objective is to create value for shareholders and property
advertiser customers by delivering an agent-backed, technology
enabled portal - offering a first-class service to agents and new
homes developers at sustainably fair prices and becoming the go-to
portal for serious property-seekers.
With over 3,000 estate and letting agent shareholders, operating
over 6,000 offices, OnTheMarket provides a unique opportunity for
agents to participate in the equity value of their own portal.
Agent backing and support enable OnTheMarket to display "New &
exclusive" properties to serious property-seekers 24 hours or more
before agents release these properties to other portals.
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END
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