Spark increases its stake in Homes.co.nz.

1 June, 2018, Wellington, NZ

Homes.co.nz announced today that Spark, New Zealand’s largest telecommunications provider, has increased its investment in the business from 14.2% to 22.5%, helping to accelerate Homes’ rapid growth and help cement its position as “The Home of Property”.

Jamie Kruger, CEO and Founder of Homes.co.nz, said, "This is a significant milestone in our history and the beginning of an exciting new era for the company. We are the pioneers of freeing up property data here in NZ and we look forward to expanding our business and products to appeal to and support all of those interested in NZ property. We are delighted to partner with Spark, one of NZ’s largest companies, whose support will add immeasurable value to our growth and the value we offer our users and partners”.

Spark originally invested in Homes.co.nz in early 2017. David Chalmers, Spark Chief Financial Officer, said, "Homes.co.nz has shown over the past year that it is fast becoming the go-to, trusted resource for all New Zealanders interested in property and is rapidly changing the way homeowners understand and manage their biggest asset. We are looking forward to further collaboration in the future, which we believe will allow us to offer unique benefits to our customers."

About Homes.co.nz

We are the pioneers of giving Kiwis free access to trusted information about the value of their home. We combine a host of property related information and display it on a beautifully crafted and engaging website. We have over half a million Kiwis visiting us to see estimated values and sales histories for nearly every property in New Zealand.

So whether you are looking to buy, rent, sell, manage or just try to understand the property market, Homes is the place to go.

ENDS

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