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Altus Group Ltd
Symbol AIF
Shares Issued 45,867,817
Close 2024-02-21 C$ 45.99
Market Cap C$ 2,109,460,904
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Altus Group rolls out pan-European valuation dataset

2024-02-21 09:44 ET - News Release

Mr. Julien Sporgitas reports

ALTUS GROUP ENHANCES VALUATION OFFER WITH NEW PAN-EUROPEAN DATASET

Altus Group Ltd. has enhanced its European valuation offer with a new pan-European dataset to compare and analyze commercial property valuation performance. A one-of-its-kind for the European market, the pan-European valuation dataset brings together valuation data from across the region to provide a new level of insight on how and why property values are changing.

In developing the dataset, Altus Group has brought together its market-leading technology, its expertise in valuations, data science and analytics, and its relationships with Europe's most influential real estate funds, to gather a critical mass of property data from across the continent. At present, this asset-level dataset is primarily based on pan-European open-ended diversified core funds but is rapidly expanding to other open-ended strategies (geographic, sector et cetera) collectively representing over 40 billion euros in assets under management.

"As an independent provider of valuation management solutions, Altus Group is ideally positioned to partner with the CRE [commercial real estate] industry to drive valuation transparency," said Julien Sporgitas, EMEA (Europe, the Middle East and Africa) valuation leader at Altus Group. "The pan-European valuation dataset raises the bar for real estate analytics in Europe, bringing new insights on the drivers of commercial property valuations. As the dataset scales it will evolve with greater capabilities to help our clients make data-informed asset management and investment decisions."

Until now, commercial real estate valuation data in Europe has been largely fragmented, existing within different organizations and countries, in different formats, languages and levels of coverage. Current European market indices provide top-level valuations trends, but not the factors underpinning those changes. Altus Group's pan-European valuation dataset creates a centralized, standardized valuation dataset offering granular insight into why property values are changing.

Similar to Altus Group's analytics capabilities in the United States, European users can drill down by sector and/or geography to analyze how certain factors such as yields, contract rents, market rents, occupancy levels, operating costs, capital expenses, cash flow or lease terms impact valuation trends. The first phase includes coverage of core and core-plus funds, with the second phase under way expanding coverage with pension funds, domestic funds and other closed-end funds. This level of enhanced valuation transparency helps CRE professionals better understand whether valuations are changing due to capital market factors and/or cash flow fundamentals, leaving them better positioned to navigate changing market conditions and prepare for the future.

Altus Group's latest insights on market valuation trends are available by accessing:

  • U.S. webinar: Q4 2023 NCREIF ODCE Index performance analysis (Feb. 8, 2024);
  • European insights article: Q4 2023 pan-European open-ended core funds' valuation analysis (published today, Feb. 21, 2024).

About Altus Group Ltd.

Altus Group is a leading provider of asset and fund intelligence for commercial real estate. It delivers intelligence as a service to its global client base through a connected platform of industry-leading technology, advanced analytics and advisory services. Trusted by the largest CRE leaders, it has capabilities to help commercial real estate investors, developers, proprietors, lenders and advisers manage risks and improve performance returns throughout the asset and fund life cycle. Altus is a global company headquartered in Toronto with approximately 3,000 employees across North America, Europe, the Middle East and Africa, and Asia Pacific.

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