OnTheMarket PLC (AIM:OTMP) announced that Foxtons (LSE:FOXT) signed an agreement to advertise its UK residential sales and lettings on its website.
Foxtons (LSE:FOXT), which is one of London's leading estate agencies and has over 50 interconnected branches across the capital, will use OnTheMarket.com for selling and renting properties.
Jason Tebb, OnTheMarket chief executive, commented: “We have been working hard to enhance our offer, adding products and services to deliver greater value to agents and consumers.
“Being recognised by Foxtons is further proof that our strategy is working and there is more to come as we continue to develop our differentiated [and] technology-enabled property business."
Its shares rose 3.9% to 89.9p following the news.