KKR and TPG-backed PropertyGuru completed the acquisition of the property technology assets of REA Group.

KKR and TPG-backed PropertyGuru, a property website, completed the acquisition of the property technology assets of REA Group, a global digital business, specialising in property. Financial terms were not disclosed. "These acquisitions underpin PropertyGuru’s strategy of being the No. 1 Proptech Group in Southeast Asia and will accelerate our ambition of becoming the “Trust Platform” for the property ecosystem: A platform that connects Southeast Asia’s property industry into an efficient ecosystem connecting agents, property seekers, developers, valuers and banks by driving greater transparency and efficiency," Jeremy Williams, PropertyGuru Chief Business Officer and Tan Tee Khoon, PropertyGuru Singapore Country Manager.