CoStar Group Cinches German Real Estate Data Company in Recent Acquisition

October 26, 2020
Share this Post: 

In a move to support expansion throughout Europe, CoStar Group has acquired German real estate data company, Emporis

This is just another acquisition under CoStar’s umbrella of purchased companies within the last two years, making it a forerunner in the commercial real estate sector. Now, with Emporis, its database of 700,000 buildings in 100 companies will be another notch in CoStar’s belt.

The acquisitions aren’t the only things that are working in CoStar’s favor. Andrew C. Florance, Founder and Chief Executive Officer of CoStar Group, explained:

“Our business delivered outstanding results in the third quarter, clearly demonstrating the mission-critical nature of our information products and the strong countercyclical performance of our marketplaces. We delivered $53 million of company-wide net new sales bookings in the third quarter of 2020 with LoopNet reaching an all-time high sales quarter, increasing sales over 130% from the third quarter of 2019.”

Whereas other companies struggled during this past year, CoStar has seen its third consecutive quarter of growth. 

With the addition of Emporis, CoStar will gain valuable research content for various European markets and beyond, which it will integrate into the CoStar Suite international platform.

October 26, 2020
Victoria has been writing about property portals and marketplace sites for Online Marketplaces for over 3 years. She is also our resident artist and is responsible for all of the infographic content on the site.

Subscribe to our mailing list to get news updates!

Enter your email address and get updates from Online Marketplaces.

Related News

Propertyguru Board Room
PropertyGuru Appoints REA Group CEO Owen Wilson to Board of Directors as a Non-Independent Director

Southeast Asian property portal operator PropertyGuru has announced the appointment to its board of REA Group CEO Owen Wilson. Wilson...

Read More
La Haus Queretaro
La Haus Growing Fast and Looking to Add Financing Products

Colombian PropTech startup La Haus has expanded to another Mexican city and is looking to increase the financial solutions it...

Read More
Rae Group Mortgages
REA Group to Consolidate Mortgage Brokerage Offering Under One Brand

Australian portal operator REA Group has announced that its mortgage brokerage business will operate under one brand. In 2017 REA...

Read More
Zillow No Sale
Zillow Pauses Homebuying Citing "Operational Capacity" Issues

Zillow has paused its home buying activities as its iBuying division works through a backlog of homes already on the...

Read More

Popular News