CoStar Group Bolsters European Expansion with Chandler Garvey Partnership

CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, and analytics, has announced a strategic partnership with Chandler Garvey, a UK consultancy specializing in commercial property in the Thames Valley region. This collaboration will enable Chandler Garvey to leverage CoStar's unrivaled commercial real estate data and analytics platform, as well as LoopNet's marketplace, to provide enhanced services to its clients and drive business development efforts.



The partnership will allow Chandler Garvey to harness CoStar's extensive insights on property values, market conditions, occupancy levels, and availability, enabling the consultancy to offer its clients an in-depth understanding of the market and opportunities available. Additionally, through LoopNet, Chandler Garvey will connect its commercial property listings with the largest audience of commercial tenants and buyers in the world, enhancing the visibility of its listings and helping it attract high-calibre tenants and buyers for its clients.

Andy Florance, Founder and Chief Executive Officer of CoStar Group, stated, "Our collaboration with Chandler Garvey will enable this renowned 40-year-old business to expand further across the dynamic Thames Valley commercial real estate markets. We welcome Chandler Garvey as a valued client and look forward to working with them long into the future."



This partnership aligns with CoStar Group's broader European expansion strategy, as it provides the company with access to local market knowledge and enhances its service offerings. Looking ahead, CoStar Group may explore similar partnerships or acquisitions to further strengthen its position in the European real estate market. Potential areas for future growth could include additional regional specialists, expansion into new markets, or technological innovations that enhance the company's offerings.

In conclusion, CoStar Group's partnership with Chandler Garvey is a strategic move that supports the company's European expansion plans. By leveraging CoStar's platform and LoopNet's marketplace, Chandler Garvey can offer more comprehensive services to its clients, driving business development efforts and securing a competitive advantage in the dynamic Thames Valley commercial real estate markets. As CoStar Group continues to pursue strategic partnerships and acquisitions, it is well-positioned to maintain its competitive edge in the European real estate market.