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PrimePitch Merges With Smaller Rival

LONDON-Two of the UK's top online investment sites, PrimePitch.com and e-propertyinvestor.com, have agreed to merge, reflecting the increasing trend towards consolidation in the property e-commerce market.<

By Graham Parker | Updated on June 26, 2001

LONDON-Two of the UK’s top online investment sites, PrimePitch.com and e-propertyinvestor.com, have agreed to merge, reflecting the increasing trend towards consolidation in the property e-commerce market.

The two businesses will be amalgamated and will trade under the PrimePitch name. PrimePitch was founded in August 2001 by agents CBGA and Churston Heard to target smaller investment lots in the sub-£5 million ($7 million) price range. It has achieved £85 million ($120 million) of transactions so far and vendors using the service include Schroders, Land Securities and Frogmore.

EPI was launched in March 2001 by former investment agent Paul Marples with backing from Michael Elliott and Miller Kitching BCM. Like PrimePitch it targeted the smaller end of the investment market.

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