Macquarie Capital recently facilitated a significant development in the Australian property technology sector by acting as the exclusive financial advisor to CoStar Group in its acquisition of Domain, a prominent property marketplace in Australia. The transaction, valued at $A3 billion, marked a strategic move by CoStar Group to expand its global presence and enhance competition within Australia’s real estate market.
The Australian property technology sector is witnessing a rapid transformation driven by the growing need for innovative platforms that cater to the evolving demands of agents, vendors, and homebuyers. Domain, based in Sydney, holds a leading position in the market, reaching millions of Australians monthly through its diverse portfolio. The acquisition by CoStar Group is expected to bring about synergies that will elevate the user experience and foster innovation in the local property landscape.
Macquarie Capital played a pivotal role in orchestrating the acquisition process, starting with the pre-bid stake acquisition and culminating in a control transaction for the remaining shares of Domain through a scheme of arrangement. Navigating through intricate legal and regulatory frameworks, Macquarie Capital’s expertise in technology, media, and equity markets proved instrumental in facilitating the successful execution of the cross-border deal.
The completion of the acquisition in August 2025 saw Domain shareholders receiving $A4.43 per share, solidifying the company’s enterprise value at $A3 billion. This landmark transaction not only positioned Domain for future growth but also set the stage for CoStar Group to leverage its technological prowess and investment capabilities to drive innovation in the Australian property sector.
CoStar Group’s entry into the Australian market is anticipated to introduce enhanced offerings, combining Domain’s local brand strength with CoStar Group’s advanced technology solutions. The integration of these capabilities is poised to deliver a more robust and user-centric real estate experience for all stakeholders involved, further underscoring the significance of this strategic acquisition.
The successful completion of the Domain acquisition by CoStar Group represents one of the top five largest public M&A deals in Australia and New Zealand. This milestone transaction not only underscores the growing interest in the Australian property technology sector but also highlights the role of innovation and strategic partnerships in driving industry evolution and competitiveness.
As the global landscape of property technology continues to evolve, collaborations and acquisitions such as the CoStar Group and Domain deal exemplify the importance of domain innovation in shaping the future of the real estate market. With a focus on user-centric solutions and technological advancements, players in the sector are poised to drive significant transformations and redefine industry standards in the years to come.
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