Accommodation platform HousingAnywhere has acquired German classifieds website Studenten-WG, as it further cements its foothold in the German student housing market.
With an existing leadership position in European cities including Berlin, Vienna, and Rotterdam, HousingAnywhere is already they biggest platform for mid-term rental in Germany, but the Dutch company will immediately gain market share in a range of German cities as a result of the deal, a statement explained.
“We are committed to the German and Austrian market”
Studenten-WG has three million users, and more than 20,000 listings are currently active. The website’s users will now be directed to the HousingAnywhere platform.
“We will be welcoming millions of new users to our proptech platform, and they can immediately enjoy the benefits of increased choice in accommodation and convenience,” Djordy Seelmann, CEO of HousingAnywhere said in a statement.
“In addition to our diverse, accessible, and affordable accommodation, the platform offers easy-to-manage bookings by curated landlords and tenants.”
HousingAnywhere is aiming to become the largest online rental platform in Europe by 2022.
The site currently has over 50,000 active advertisements and more than eight million users in 60 countries.
“We are ready to accelerate our already strong growth momentum. Over the previous months, our team undertook an amazing effort which resulted in sustainable triple-digit growth,” Seelmann added.
“Realising our future growth through M&A is part of our vision. We are committed to the German and Austrian market and we plan to bring a strong contribution to improving the experience for both tenants and accommodation providers, to make online rental easier, safer and ultimately, more efficient.”
