CoStar Group Announces Winners of 2025 CoStar Impact Awards
LONDON – (26 March 2025) – CoStar Group (NASDAQ: CSGP), a leading provider of online property marketplaces, information, and analytics in the property markets, today announced the winners of the 2025 CoStar Impact Awards.
Now in their fourth year, the CoStar Impact Awards 2025 celebrated outstanding commercial property transactions and projects completed in 2024 that had a significant positive influence in neighbourhoods or submarkets across 129 major international markets in the United Kingdom, United States, and Canada.
The awards recognised nearly 350 winners globally, with 33 from the United Kingdom, across categories including Sale/Acquisition of the Year, Lease of the Year and Commercial Development of the Year. Winning transactions and projects—chosen for their impact on the vibrancy, economic activity, growth, diversification and innovation of their markets—were selected from a panel of 630 industry professionals drawn from each respective market.
“Now in their fourth year, the CoStar Impact Awards continue to be an incredible opportunity to recognise the commercial property transactions and projects fundamentally transforming the industry landscape,” said Lisa Ruggles, Senior Vice President, Global Operations at CoStar Group. “We received so many inspiring submissions this year and enlisted a diverse panel of judges across each market to identify the most impactful projects shaping commercial property. Congratulations to all the winners for their efforts to change the industry and the communities they serve.”
One notable UK winner was the BT Tower, in the Sale/Acquisition of the Year category, for MCR Hotels’ acquisition of the iconic BT Tower in the London market for £275m representing a landmark transaction, not just for its financial value, but for its vision in preserving a vital piece of London’s architectural and cultural heritage while adapting to the evolving landscape of telecommunications. The deal has secured the future of this Grade II listed landmark, ensuring its preservation for generations to come with its transition from a historic telecommunications hub to a high-end hotel that will revitalise the Fitzrovia neighbourhood and contribute to London’s vibrant tourism sector.
Another noteworthy UK winner in the Lease of the Year category was ONE Station Hill signing flexible workspace operator NewFlex to become one of the first occupiers at the scheme. ONE Station Hill is a new best-in-class 275,000 sq ft office development in the South East market, where NewFlex signed a lease for 31,765 sq ft of new workspace. Strategically located across from Reading Station—one of the UK’s largest transport interchanges with mainline and Elizabeth Line rail services between Reading and London —ONE Station Hill is the cornerstone of a visionary £850 million, 2.5 million sq ft masterplan to revitalise the wider area. In choosing ONE Station Hill, NewFlex has recognised this vision and Reading’s huge potential for continued growth.
To learn more about the CoStar Impact Awards and review the winners, visit CoStarImpactAwards.co.uk.
Media Contact
Matthew Blocher
CoStar Group
(202) 346-6775
mblocher@costargroup.com
About CoStar Group, Inc.
CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, and online marketplaces. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; and Homes.com, the fastest-growing residential real estate marketplace. CoStar Group’s industry-leading brands include STR, a global leader in hospitality data and benchmarking, Ten-X, an online platform for commercial real estate auctions and negotiated bids and OnTheMarket, a leading residential property portal in the United Kingdom.
CoStar Group’s websites attracted over 134 million average monthly unique visitors in the fourth quarter of 2024, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.
