CoStar Group to Acquire Domain Holdings Australia for $1.92 Billion
May 9, 2025 - 09:58
CoStar Group Inc. has finalized a significant agreement to purchase Domain Holdings Australia, a prominent real estate portal, for A$4.43 per share. This acquisition values the company at approximately A$3 billion, equivalent to $1.92 billion. The deal marks a strategic move for CoStar as it seeks to expand its presence in the Australian real estate market.
Domain Holdings, known for its innovative digital platform and extensive property listings, has been a key player in the Australian real estate sector. The acquisition is expected to enhance CoStar's portfolio and provide valuable resources and technology to improve its services.
The transaction reflects CoStar's commitment to growth and diversification within the real estate information and analytics industry. With this acquisition, CoStar aims to leverage Domain's established market position and expertise to better serve clients and capitalize on emerging opportunities in the dynamic real estate landscape. The deal is anticipated to be completed in the coming months, pending regulatory approvals.
MORE NEWS
August 8, 2025 - 02:21
Preparing for Wildfire Season: Essential Fire Safety for HomeownersAs wildfire season approaches, homeowners are encouraged to familiarize themselves with the essential fire safety standards necessary for maintaining their properties. A seminar hosted by local...
August 7, 2025 - 00:03
Elmira's Capriotti Properties Expands with Historic Building Acquisition in Schuyler CountyElmira-based Capriotti Properties has successfully acquired three historic buildings in Schuyler County, marking a significant addition to their portfolio. These buildings, which boast a rich...
August 6, 2025 - 02:51
Cash Transactions Dominate Luxury Home Sales in Los AngelesIn an astonishing trend, more than 50% of homes sold in the $10 million-plus range in Los Angeles this spring were paid for in cash. This surge in cash transactions highlights a significant shift...
August 5, 2025 - 06:39
Strong Leasing Demand Boosts Simon Property Group's Quarterly Real Estate PerformanceSimon Property Group has announced an increase in its second-quarter real estate funds from operations (FFO), attributed to a surge in leasing demand for its shopping centers. The commercial real...