Mr. Michael Crook reports

ALTUS GROUP SIMPLIFIES REAL ESTATE DEVELOPMENT PROJECT MANAGEMENT WITH ARGUS DEVELOPER 7.7; LATEST VERSION OF ARGUS DEVELOPER ADDS NEW LANGUAGE CAPABILITIES AND STREAMLINES PROCESS FOR MANAGING THE ENTIRE PROPERTY DEVELOPMENT LIFECYCLE IN ONE INTUITIVE AND USER-FRIENDLY PLATFORM

Altus Group Ltd. has launched version 7.7 of Argus Developer. Developer 7.7 is a comprehensive single platform to model, forecast, manage, analyze and report on development project costs and cash flows from inception to delivery.

"Developer 7.7 is a highly flexible solution that enables our customers to navigate the complexities of developing real estate. It increases transparency of development projects by delivering greater visibility into a project's feasibility and performance, while allowing them to maintain greater control over costs and timelines," said Michael Crook, senior vice-president of product management for Altus Analytics at Altus Group.

Developer 7.7 provides a number of key capabilities:

• Increased language functionality -- addition of German and Spanish language localization to provide customers in key markets with the ability to manage projects in their preferred language;
• Defining and modelling projects -- test multiple scenarios with sensitivity tools that enable the ability to organize and structure single- and multiphased projects in an environment that allows all stakeholders to view and understand the project scope, risks and progress;
• Consolidated reporting -- gain greater transparency with enhanced reports and dashboards that enable users to drill down into individual projects, phases and stages, and even individual cost and revenue line items of a consolidated portfolio to ensure projects stay in scope and risks are managed.

"Argus Developer provides us with a complete solution to manage our development projects efficiently. The ability to test multiple scenarios with sensitivity tools allows us to quickly understand risks and make decisions with confidence," said Jorge Rodriguez Fernandez, global real estate portfolio manager at Ferrado Inmuebles.

About Altus Group Ltd.

Altus Group is a leading provider of independent advisory services, software and data solutions to the global commercial real estate industry. The company's businesses, Altus Analytics and Altus Expert Services, reflect decades of experience, a range of expertise and technology-enabled capabilities. The company's solutions empower clients to analyze, gain market insight and recognize value on their real estate investments. Headquartered in Canada, the company has approximately 2,300 employees around the world, with operations in North America, Europe and Asia Pacific.