realestate

Australian Law Firm Advises on $1.9B Real Estate Site Acquisition

Ashurst advises Nine Entertainment on Domain sale

A
ustralian law firm Corrs Chambers Westgarth is advising US-based CoStar Group on its $1.9 billion acquisition of real estate website Domain. The deal sees CoStar, a leading provider of commercial property information and analytics, acquire 100% of the shares in Domain it doesn't already own.

    In related news, Ashurst is acting for Nine Entertainment in the sale of Domain's parent company. This transaction is part of a larger trend in the real estate industry, with companies seeking to expand their online presence and offerings.

    Meanwhile, several law firms have been involved in recent high-profile cases. Arnold & Porter Kaye Scholer has entered an appearance for Hanaco Venture Capital in a securities lawsuit, while A&O Shearman is acting as defense counsel for Toronto-Dominion Bank in a securities class action. Gordon Rees Scully Mansukhani's Luke D. Wolf is representing Crown Castle International in a breach-of-contract dispute, and McCarter & English has stepped in to defend Electrolux Home Products Inc. in a product liability lawsuit.

Sydney-based law firm advises on $1.9 billion real estate site acquisition in Australia.