Osborne Clarke advised CoStar Group on the acquisition of Emporis GmbH, a Germany-based provider of international commercial real estate data and images.
With over 700,000 building records and 600,000 images, Emporis brings valuable research content from over 100 countries in every major region around the world, which CoStar Group plans to integrate into its international platform. CoStar Group provides information, analytics and marketing services to the commercial property industry in the United States, Canada, the United Kingdom, France, Germany, and Spain.
For CoStar Group, the acquisition of Emporis GmbH marks the second M&A transaction in Germany. In 2016, the company acquired Thomas Daily GmbH, an information provider focused on the German real estate market.
“It is great that CoStar Group has trusted us again with this acquisition as this confirms our position as a reputable practice in German real estate M&A transactions”, Dr Björn Hürten, Partner at Osborne Clarke comments. “This transaction demonstrates that Osborne Clarke’s focus on digitalisation, urban dynamics and decarbonisation businesses is particularly attractive for clients of the real estate sector that are on the top of the challenges and demands of modern businesses”, Björn adds.
In addition to Björn, the Osborne Clarke team comprised of Dr Philipp Reeb, Charlotte Mager, David Jaschke (all M&A), Dr Marc Störing (Data Protection), Felix Hilgert (IP/IT), Alexander Schlicht (Employment), Dr Christoph Torwegge (Foreign Investments), Dr Sebastian Hack (Antitrust) and Florian Merkle (Tax). Luther (Dr Jörgen Tielmann) advised on the buyer side.
About Osborne Clarke
Osborne Clarke is an international legal practice with over 1,800 employees at 26 locations worldwide, including 150 lawyers in Berlin, Hamburg, Cologne and Munich. With the claim “Helping you succeed in tomorrow’s world”, extensive industry knowledge through networking and outstanding expertise in the digital transformation of business models, Osborne Clarke advises and represents companies and entrepreneurs in all practical business law issues.
About CoStar Group, Inc.
CoStar Group, Inc. (NASDAQ: CSGP) is the 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 with over 7 million monthly unique visitors. 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. CoStar Group’s websites attracted an average of approximately 69 million unique monthly visitors in aggregate in the third quarter of 2020. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe, Canada and Asia with a staff of over 4,300 worldwide, including the industry’s largest professional research organization. For more information, visit www.costargroup.com.