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Tuesday, May 27, 2014

LAMUDI EXPANDS OPERATIONS IN ASIA






LAMUDI EXPANDS OPERATIONS IN ASIA

Fast-growing property portal continues global expansion with Sri Lanka launch

 Leading real estate player Lamudi (www.lamudi.com) is expanding its presence in Asia, with the
platform launching in Sri Lanka this week.

Lamudi is now available in seven new markets across Asia, the Middle East and
Africa, with launches also announced today for Jordan, the Ivory Coast,
Mozambique, Madagascar, Mauritius and Zimbabwe. This brings the number
of countries where the platform is available to 28.

Lamudi is a global property portal operating exclusively in emerging markets.
The company benefits from the resources and local know-how of teams in
each of its countries, with support from global headquarters in Berlin.

Co-Founder and Managing Director, Paul Philipp Hermann, said: “Countries like Sri
Lanka have the perfect trifecta for online property: each has a strong
real estate market, growing rate of internet usage, and a young and
vibrant demographic.

We are expanding our presence in Asia because, quite simply, we could see a
 demand that was not being met. As more people in each of these markets
switch online, they want to have access to the same resources that are
available elsewhere.

Whether its buying a house in Sri Lanka or renting an apartment in Jordan,
Lamudi is helping to meet the growing demand for e-commerce in emerging
markets.”

Wilhelm Hammes, Managing Director of Lamudi Sri Lanka (www.lamudi.lk)
 said: “Now is the perfect time to be entering the Sri Lankan market.
The property sector has seen significant growth since 2009, as
infrastructure has improved and investors have come back. We want to be
there to grow alongside this thriving industry.”

Lamudi is already on track to being the number one real estate marketplace in
the region. Launched just six months ago, the company now offers 340,000
 property listings worldwide across its platforms.

In Asia, Lamudi is already market leader in two countries, Bangladesh and
Myanmar. The company recently announced $7 million USD in investment for
its Asian operations, including funds from the investment arm of
international multi-sector retailer Tengelmann Group.

Founded in 2013, Lamudi is now operating in Algeria, Bangladesh, Cameroon,
Colombia, Ethiopia, Ghana, Indonesia, Ivory Coast, Jordan, Kenya,
Mauritius, Madagascar, Mexico, Morocco, Mozambique, Myanmar, Nigeria,
Pakistan, Peru, Philippines, Rwanda, Saudi Arabia, Sri Lanka, Tanzania,
Tunisia, Uganda, Zambia and Zimbabwe.




For further information please contact Global Communications Director Katy Campbell at
katy.campbell@lamudi.com / 0049 15209058759


About Lamudi

Lamudi was founded in 2013 and is currently available in 28 countries across
Asia, Africa, the Middle East and Latin America. The leading real estate
 marketplace offers sellers, buyers, landlords and renters a secure and
easy-to-use platform to find or list properties online. For more
information, please visit http://www.lamudi.com/

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