Domain is a leader in the digital property marketplace sector with a history stretching back nearly 30 years. The acquisition by CoStar Group, a global leading provider of online real estate marketplaces, information, analytics and 3D digital twin technology, is expected to create long-term value by combining CoStar Group’s proven global scale, technology leadership, and pro-agent approach with Domain’s deep expertise and strong portfolio of trusted Australian property brands.
The deal was led by G+T Corporate Advisory Partners Costas Condoleon and Karen Evans-Cullen, who were supported by lawyers Hugh Evans, Jacob Lancaster, Albert Swann and Julia Tran.
Costas Condoleon and Karen Evans-Cullen said:
We are delighted to have advised Domain on this significant public markets deal and to have worked closely with the Domain team in the delivery of a successful transaction. The transaction demonstrates the importance of US investment in the Australian market and marks an exciting new chapter for the digital property marketplace industry as Domain looks to grow and build on its success to date.
The G+T Corporate Advisory team was supported by specialist advice throughout the firm including Technology and IP Partner Tim Gole and lawyer Claire Arthur, and G+T Disputes and Investigations Partner Alexandra Whitby and lawyers Shannan O'Donnell and Phyllida Behm.
