Daily Mail buys property website

Published December 11th, 2005


Publisher Daily Mail & General Trust has bought Fastcrop, the owner of property website Primelocation.com, for £48m ($83m).

The website advertises 200,000 residential and commercial properties in the UK and abroad and attracts 850,000 visitors each month.

Daily Mail said the deal was part of its drive to boost its positions in key areas of the online advertising market.

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