In a significant transaction within the real estate industry, Australian law firm Corrs Chambers Westgarth is providing legal advice to CoStar Group on its $1.9 billion acquisition of real estate website Domain. CoStar, a U.S.-based company specializing in information, analytics, and marketing services for the commercial property sector, is set to acquire the remaining shares of Domain, broadening its international presence in the market.
This transaction comes as Nine Entertainment, advised by Ashurst, is involved in the sale of Domain. The deal reflects the ongoing consolidation in the real estate digital marketplace and highlights the strategic interests of major players like CoStar in expanding their portfolios.
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