CoStar Group Acquires Small business Immo, a Foremost Business True Estate Information Service in France

WASHINGTON, April 06, 2022–(Company WIRE)–CoStar Group, Inc. (NASDAQ: CSGP), a major supplier of on the net real estate marketplaces, details and analytics in the commercial and household home markets, declared now the acquisition of France’s premier professional genuine estate news support, Small business Immo.

Organization Immo was founded in 2004 and has developed promptly as an online residence information supply with nationwide coverage of the French commercial real estate market. Today, Organization Immo is commonly acknowledged as a foremost electronic commercial authentic estate news service provider in France, attracting about 300,000 distinctive website visitors every single thirty day period, like brokers, investors, builders, and creditors. Business enterprise Immo is recognized for its impactful on the internet information and print publications and has extended its merchandise portfolio to consist of schooling, training and marketplace conferences. The publication offers around 2,000 subscribing providers and 100,000 followers on social media.

The acquisition of Company Immo is an critical addition to CoStar Group’s increasing worldwide news group, which presents each day coverage across the United States, Canada, the United Kingdom, Germany and by Resort Information Now, CoStar’s global hospitality sector news service. With over 235,000 subscribers and 19,000 articles released in 2021, CoStar information is just one of the biggest national and international actual estate news networks in the environment. CoStar journalists a short while ago received 8 awards, together with a few gold medals, from the Nationwide Affiliation of True Estate Editors, the largest genuine estate journalism business in the United States.

“The acquisition of Business Immo provides nevertheless an additional significant-top quality asset to our expanding intercontinental existence,” mentioned Andrew C. Florance, Founder and Main Govt Officer of CoStar Team. “We are actively making out our information, data and marketplaces in Europe and France is one particular of the most critical actual estate markets in the earth with an believed €40 billion in annual investment decision transaction price. There is a close intersection of business actual estate information and facts and this relationship is quite crucial for CoStar Team, as the worth of our news provides persons to the platform. Enterprise Immo delivers remarkable impartial information companies and has an exceptional popularity among brokers, entrepreneurs, lenders and other genuine estate industry members. We are looking ahead to welcoming the Business enterprise Immo group to CoStar Team, which include its remarkably-highly regarded leadership team who will go on to operate the small business.”

“By signing up for CoStar Team, Business Immo commences a new stage in its advancement,” claimed Sandra Roumi, Président Déléguée of Company Immo. “Our strategy based mostly on news, gatherings and commercial serious estate training is a excellent healthy with CoStar Group, and alongside one another we will pursue growth in our actions with a focus on best-in-class details technologies.”

To find out far more about Small business Immo, you should check out BusinessImmo.com.

About CoStar Group, Inc.

CoStar Group, Inc. (NASDAQ: CSGP) is a main provider of on line actual estate marketplaces, details and analytics. Started in 1987, CoStar conducts expansive, ongoing exploration to generate and keep the greatest and most extensive database of industrial genuine estate facts. Our suite of on the web providers permits clientele to examine, interpret and gain unmatched insight on professional residence values, market ailments and present-day availabilities. STR presents high quality information benchmarking, analytics and market insights for the global hospitality industry. Ten-X offers a primary system for conducting commercial serious estate on the web auctions and negotiated bids. LoopNet is the most greatly trafficked commercial authentic estate market on line. Residences.com, ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Westside Rentals, Following55.com, CorporateHousing.com, ForRentUniversity.com and Apartamentos.com sort the premier online apartment source for renters in search of terrific condominium households and supply assets administrators and proprietors a verified platform for internet marketing their attributes. Homesnap is an market-foremost on line and mobile application system that offers person-helpful programs to improve household serious estate agent workflow and strengthen the agent-consumer partnership. Homes.com provides authentic estate specialists marketing and internet marketing expert services for residential homes. Realla is the UK’s most comprehensive professional assets digital marketplace. BureauxLocaux is 1 of the greatest specialized house portals for getting and leasing industrial true estate in France. CoStar Group’s websites entice tens of millions of special monthly visitors. Headquartered in Washington, DC, CoStar Group maintains offices during the U.S., Europe, Canada and Asia. From time to time, we plan to make the most of our company web site, www.costargroup.com, as a channel of distribution for content corporation information and facts. For much more facts, check out www.costargroup.com.

This information launch incorporates “forward-wanting statements” which includes, with no limitation, statements regarding CoStar Group’s expectations, beliefs, intentions or procedures concerning the long term. These statements are dependent upon present beliefs and are matter to quite a few dangers and uncertainties that could result in true final results to vary materially from these statements, together with the hazard that Enterprise Immo is not able to manage or reinforce its current market placement in France the threat that the organizations of Company Immo and CoStar Team may not be blended efficiently or in a timely and cost-successful fashion the risk that the combination and integration of Business enterprise Immo will disrupt CoStar Group’s operations or consequence in the decline of consumers or crucial employees the threat that the Organization Immo acquisition does not produce the anticipated benefits or effects for CoStar or Business Immo or their prospects, such as expanded protection and reach of their information expert services and growth in pursuits. Additional details about opportunity variables that could lead to success to differ materially from individuals predicted in the forward-seeking statements involve, but are not restricted to, all those said in CoStar Group’s filings from time to time with the Securities and Trade Commission, which include in CoStar’s Yearly Report on Form 10-K for the yr finished December 31, 2021, which is submitted with the SEC, such as in the “Possibility Elements” sections of that submitting, as effectively as CoStar’s other filings with the SEC obtainable at the SEC’s site (www.sec.gov). All ahead-seeking statements are centered on information and facts offered to CoStar Group on the day hereof, and CoStar Group assumes no obligation to update or revise any forward-looking statements, regardless of whether as a consequence of new details, long run gatherings or normally.

Check out source version on businesswire.com: https://www.businesswire.com/information/dwelling/20220406005337/en/

Contacts

Media:
Matthew Blocher
CoStar Group
[email protected]
202.346.6775

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