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Eversheds Sutherland advised CoStar Group

  • France
  • General

15-04-2022

We advise CoStar Group on the acquisition of Business Immo, a premier commercial real estate news service

We have advised CoStar Group, a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets, on the acquisition of Business Immo, France’s premier commercial real estate news service.

Business Immo was founded in 2004 and has grown rapidly as an online property news source with national coverage of the French commercial real estate market. Today, Business Immo is widely recognised as a leading digital commercial real estate news provider in France. The publication attracts over 300,000 unique visitors each month, including brokers, investors, developers, and lenders, and has extended its product portfolio to include training, education and industry conferences, which boasts over 2,000 subscribing companies and 100,000 followers on social media.
 
The acquisition of Business Immo is a key addition to CoStar Group’s growing global news team, which offers daily coverage across the US, Canada, the UK, Germany and through Hotel News Now, CoStar's international hospitality industry news service. With over 235,000 subscribers and 19,000 articles published last year, CoStar news is one of the largest national and international real estate news networks in the world. CoStar journalists recently received eight awards, including three gold medals, from the National Association of Real Estate Editors, the largest real estate journalism organisation in the United States.
 
Our Paris team was led by Catherine Detalle, Partner, Aurore Lacroix, Senior Associate, and Maxime Auzias, Associate for the M&A aspects; Déborah Attali, Partner and Nicolas Etcheparre , Counsel for the employment law aspects; Emmanuel Ronco, Partner for IP/IT aspects; Philippe de Guyenro, Partner for tax aspects; Eric Métais, Partner for real estate aspects; Sindhura Swaminathan, Partner for financing aspects and Dan Roskis, Partner for all the contracts aspects.

This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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