Heart Media has made its first acquisition for the year, but is not expected to be the last.
The publishing group has taken ownership of Palace, a quarterly magazine focused on high-end properties in Asia and around the globe.
Heart Media acquired the title from Oriental Publishing for an undisclosed sum. Olivier Burlot (pictured), CEO and publisher at Heart Media, said it will now expand the potential of the title with integrated solutions in the print, digital and events space.
"Over the past three years, Oriental Publishing have built the Palace media brand in the luxury property and lifestyle media market and have gained the trust of the most discerning and sophisticated readers," he said.
Burlot hinted that Heart will continue to expand, adding that actively leverage its existing portfolio to better serve readers and advertisers in Asia.
Heart Media, the Singapore-based publisher of magazines such as Men's Folio, FORM and World of Watches, was acquired by Burlot earlier this year.