Announced
Completed
Financials
Tags
France
Single Bidder
Private
digital real estate platform
Friendly
Online and Social Platforms
Cross Border
Completed
Majority
Acquisition
Synopsis
CoStar Group, an online information and analysis platform for commercial real estate, completed the acquisition of BureauxLocaux, a one of the largest real estate portals specializing in the purchase and rental of commercial property in France. Financial terms were not disclosed. "France is one of the main commercial real estate markets in Europe, with an annual transaction value of investments estimated at 40 billion EUR. BureauxLocaux has set up a leading platform in the listing of specific commercial properties, benefiting from a national coverage, strong brand recognition, as well as an excellent reputation with its customers," Andrew C. Florance, CoStar Group Founder and CEO.
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