CoStar Group announced the successful completion of its acquisition of Domain Holdings Australia Limited, a leading Australian property marketplace. This acquisition significantly expands CoStar Group's international presence and strengthens its position in the global real estate technology market.
The completion of this deal follows a binding Scheme Implementation Deed and shareholder approvals, integrating Domain's extensive portfolio of property brands into CoStar Group. This strategic move is expected to bring CoStar's technology, scale, and innovation to the Australian property market.
The acquisition of Domain is anticipated to enhance user experience, drive greater value for agents, vendors, and home buyers in Australia, and allow CoStar Group to incorporate Domain's best practices into its marketplaces outside of Australia. This marks a new era of innovation for Australia's property market under CoStar Group's leadership.
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