CoStar Group Acquires BureauxLocaux, a Leading Commercial Property Digital Marketplace in France
CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of commercial real estate information, analytics and online marketplaces, announced today that it has acquired COMREAL INFO, the owner and operator of BureauxLocaux.com.
Based in Paris, BureauxLocaux is one of the largest specialized property portals for buying and leasing commercial real estate in France, with over 60,000 for sale and lease listings and over 425,000 visits to its website each month. Launched in 2008, BureauxLocaux provides a subscription-based commercial property listing platform with a client base that includes over 90% of France’s top commercial property brokers. Traffic to the company’s website, BureauxLocaux.com, has grown by over 30% on a compounded annual basis since the beginning of 2018.
CoStar Group is a world leader in operating digital commercial property marketplaces, with approximately 90 million unique visitors per month across its network of websites in the United States and Europe. CoStar Group’s marketplaces generate annualized revenue of almost $1 billion and include Apartments.com and LoopNet.com in the United States, Realla.co.uk in the United Kingdom, and Belbex.com in Spain. Over the past decade, CoStar Group has invested billions of dollars building its leading online property marketplaces, generating hundreds of millions of leads that resulted in millions of successful commercial property transactions.
“The acquisition of BureauxLocaux is an important step in continuing our international expansion,” said Andrew C. Florance, Founder and Chief Executive Officer of CoStar Group. “France is one of Europe’s largest commercial property markets with an estimated €40 billion in annual investment transaction value. BureauxLocaux has built a leading commercial property-specific listings platform with national coverage, great brand recognition, and an excellent reputation among its clients.”
“We are excited to welcome the BureauxLocaux team to the CoStar family,” continued Florance. “This is an attractive acquisition that is highly complementary alongside our other European marketplaces, Belbex and Realla.”
Sophie Desmazières, BureauxLocaux’s Founder, added, “We are excited to become part of CoStar Group. The commercial property vertical deserves a high-quality sector-specific online marketplace to better serve brokers and owners. Supported by the extensive resources and know-how of CoStar Group, we believe we can accelerate BureauxLocaux’s growth and strengthen its market position in France.”
About CoStar Group, Inc.
CoStar Group, Inc. (NASDAQ: CSGP) a leading provider of commercial real estate information, analytics and online marketplaces. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Our suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality sector. Ten-X provides a leading platform for conducting commercial real estate online auctions and negotiated bids. LoopNet is the most heavily trafficked commercial real estate marketplace online. Realla is the UK’s most comprehensive commercial property digital marketplace. Apartments.com, ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Westside Rentals, AFTER55.com, CorporateHousing.com, ForRentUniversity.com and Apartamentos.com form the premier online apartment resource for renters seeking great apartment homes and provide property managers and owners a proven platform for marketing their properties. Homesnap is an industry-leading online and mobile software platform that provides user-friendly applications to optimize residential real estate agent workflow and reinforce the agent-client relationship. Homes.com offers real estate professionals advertising and marketing services for residential properties. CoStar Group’s websites attract tens of millions of unique monthly visitors. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe, Canada and Asia with a staff of approximately 4,900 worldwide, including the industry’s largest professional research organization. For more information, visit www.costargroup.com.
This news release includes "forward-looking statements" including, without limitation, statements regarding CoStar's expectations, beliefs, intentions or strategies regarding the future. These statements are based upon current beliefs and are subject to many risks and uncertainties that could cause actual results to differ materially from these statements. The following factors, among others, could cause or contribute to such differences: the risk that BureauxLocaux is unable to accelerate its growth and strengthen its market position in France; the risk that the businesses of BureauxLocaux and CoStar Group may not be combined successfully or in a timely and cost-efficient manner; the risk that the combination and integration of BureauxLocaux will disrupt CoStar Group’s operations or result in the loss of customers or key employees; the risk that the BureauxLocaux acquisition does not produce the expected benefits or results for CoStar or BureauxLocaux or their customers; uncertainty surrounding the impact of the COVID-19 pandemic, including volatility in the international and U.S. economy, worker absenteeism or decreased productivity, quarantines or other travel or health-related restrictions; the length and severity of the COVID-19 pandemic; the pace of recovery following the COVID-19 pandemic; and government and private actions taken to control the spread of COVID-19. More information about potential factors that could cause results to differ materially from those anticipated in the forward-looking statements include, but are not limited to, those stated in CoStar Group’s filings from time to time with the Securities and Exchange Commission, including in CoStar Group’s Annual Report on Form 10-K for the year ended December 31, 2020 and Quarterly Reports on Form 10-Q for the quarters ended March 31, 2021 and June 30, 2021, each of which is filed with the SEC, including in the “Risk Factors” sections of those filings, as well as CoStar’s other filings with the SEC available at the SEC’s website (www.sec.gov). All forward-looking statements are based on information available to CoStar Group on the date hereof, and CoStar Group assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20211001005444/en/
Contact information
Investor Relations:
Bill Warmington
Vice President
CoStar Group Investor Relations
(202) 346-5661
wwarmington@costar.com
News Media:
Matthew Blocher
Vice President
CoStar Group Corporate Marketing & Communications
(202) 346-6775
mblocher@costargroup.com
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Wolters Kluwer wins two A-Team Innovation Awards for excellence in integrated regulatory risk and data transformation1.5.2025 11:05:00 EEST | Press release
Wolters Kluwer Financial & Corporate Compliance has been recognized with two prestigious 2025 A-Team Innovation Awards for excellence in integrated regulatory risk, and financial data management. The awards celebrate innovative projects and teams across the vendor and practitioner communities that leverage new and emerging technologies to deliver high-value solutions for financial institutions. "The A-team Innovation Awards underscore our commitment to delivering exceptional solutions and an unparalleled customer experience. Our solutions adeptly combine financial, risk, and regulatory metrics with modular and flexible configuration capabilities, ensuring responsiveness to an evolving landscape," said Jeroen Van Doorsselaere, Vice President, Global Product & Platform Management, Wolters Kluwer Finance, Risk & Regulatory Reporting. "Financial institutions recognize the immense value of our implementation approach and integrated solutions, along with our comprehensive understanding of in
Taizhou Power Supply Company Powers Dachen, China’s First Zero-Carbon Island, to Showcase the Future of Clean Energy1.5.2025 11:04:00 EEST | Press release
The Taizhou Power Supply Company, a subsidiary of State Grid Zhejiang Electric Power Company, is proud to announce the successful transformation of Dachen Island into China’s first zero-carbon island. Dachen is a living demonstration of what a fully green-powered community can look like—from electric cooking and lighting to renewable-powered industries. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250430231800/en/ Tourists on China’s First Zero-Carbon Island, Dachen Island, to experience the sustainable living. Located 29 nautical miles off the coast of Taizhou in Zhejiang Province, Dachen consists of two islets—Upper and Lower Dachen. Though the island is a two-hour boat ride from the mainland, it’s at the forefront of China’s green energy transformation. Once a test site for early wind turbines, Dachen now operates some of the world’s most advanced energy technologies, including a pioneering 20 Hz flexible low-frequency
Taizhou Power Supply Company Turns Dachen Island Into China’s First Zero-Carbon Island, Pioneering Sustainable Living1.5.2025 10:51:00 EEST | Press release
Taizhou Power Supply Company announced that Dachen Island, situated 29 nautical miles east of Taizhou City in East China’s Zhejiang Province, has officially become China’s first zero-carbon island. From cooking meals to lighting homes, every aspect of life on the island is now powered entirely by renewable wind energy—making it a national pioneer in sustainable living. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250430611022/en/ Tourists on China’s First Zero-Carbon Island, Dachen Island, to experience the sustainable living. Historically known as the testing ground for China’s first-generation wind turbines, Dachen Island has evolved into a shining example of green innovation. Through a series of cutting-edge technologies and infrastructure upgrades, the island has successfully achieved zero carbon emissions, embodying China’s broader aspirations for a greener future. Mao Haiming, manager of Haichao Homestay on Dachen Is
OPEX® Sure Sort® X with Xtract™ Automated Sorting, Retrieval and Delivery System Wins Prestigious International Red Dot Award for Product Design1.5.2025 10:00:00 EEST | Press release
OPEX® Corporation, a global leader in Next Generation Automation providing innovative solutions for warehouse, document and mail automation, is proud to announce its Sure Sort® X with Xtract™ automated sorting, retrieval and delivery system has been recognized with the prestigious Red Dot Award: Product Design 2025. The annual Red Dot Award design competition is regarded as one of the best-known and largest in the world, with winners selected by an international panel of experts who follow the credo, "In search of good design." This marks the second consecutive year OPEX has received the Red Dot Award, recognized in 2024 for its Infinity® automated storage and retrieval system (AS/RS). "We are deeply honored to receive the Red Dot Award: Product Design 2025 for our Sure Sort X with Xtract system," said Alex Stevens, President of Warehouse Automation, OPEX. "For 50 years, OPEX has been developing innovative, unique solutions to help our clients solve their most significant business chal
IFF Completes Divestiture of Pharma Solutions Business Unit1.5.2025 09:00:00 EEST | Press release
IFF (NYSE: IFF) today announced that it has successfully completed the previously announced divestiture of its Pharma Solutions business unit to Roquette. “The completion of our Pharma Solutions divestiture represents a significant milestone for IFF as we delivered our targeted net debt to credit-adjusted EBITDA of below 3.0x,” said Erik Fyrwald, IFF CEO. “This is an important step as it allows us to focus on our core strategy – capitalizing on the exciting growth opportunities within our key businesses – as we maximize long-term value for our shareholders. We’d like to thank our Pharma Solutions colleagues for their unwavering commitment and their dedication to exceptional customer service. We wish them continued success as they find a new home with Roquette.” Welcome to IFF At IFF (NYSE: IFF), we make joy through science, creativity and heart. As the global leader in flavors, fragrances, food ingredients, health and biosciences, we deliver groundbreaking, sustainable innovations that
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom