Global Real Estate Leader JLL Expands Use of ARGUS Enterprise throughout the UK and Europe, the Middle East and Africa (EMEA)
Real estate services firm transitions to ARGUS Enterprise across its EMEA valuation advisory, capital markets and investment management businesses
LONDON (March 11, 2016) – Altus Group Limited (ʺAltus Groupʺ) (TSX: AIF), a leading provider of commercial real estate (“CRE”) services, software and data solutions, announces that JLL, a global leader in commercial real estate professional services and investment management, has chosen to further expand the use of ARGUS Enterprise to now support clients’ portfolio decision-making needs in its capital markets, valuation, transaction and investment management businesses throughout the UK and EMEA region.
As part of a new enterprise agreement enabling hundreds of users across the UK and EMEA, Altus Group will support JLL with the adoption of ARGUS Enterprise through the addition of new users and migration of existing legacy ARGUS Valuation Capitalisation users throughout the EMEA valuation advisory and capital markets teams. In more than 80 countries, JLL uses leading technology to deliver competitive advantage to its commercial real estate owner, investor and corporate clients, with the latest and most advanced version of ARGUS Enterprise enabling JLL to create value and improve productivity for clients and employees alike.
“We focus significant effort on developing our business as an agile and technology-focused organization. Our strategic partnership with ARGUS and decision to adopt ARGUS Enterprise provides us with a platform to support the challenging requirements of a complex multinational EMEA marketplace. ARGUS Enterprise will allow our clients to access accurate portfolio data and further strengthen our strategic approach to consistent analysis, transparency, service delivery and assurance on behalf of our clients,” said Andrew Renshaw, JLL’s Head of Valuation, EMEA.
ARGUS Enterprise is a comprehensive global asset and portfolio management platform that is particularly beneficial in the UK market because it allows users to employ the UK valuation system based on comparable evidence alongside the Discounted Cash Flow system which is commonly used within the Continental European and North American real estate sectors. This provides superior investment visibility, delivers powerful reporting capabilities, and streamlines efficiency for brokers, acquisition and valuation professionals. ARGUS Enterprise has been adopted by over 1,200 customers and throughout the commercial real estate industry including investors, owner operators, lenders, portfolio managers, and 8 of the 10 largest real estate service providers.
“The commitment to ARGUS Enterprise from a world-class leader like JLL is a reflection of the continued momentum and demand we are experiencing from customers throughout EMEA and around the world,” said David Oates, Altus Group’s Senior Vice President, International. “We are very excited to support JLL in its continued growth and success in the commercial real estate market. ARGUS Enterprise is a proven global platform that can manage the varied demands of multi-dimensional asset and investment management.”
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About Altus Group Limited
Altus Group Limited is a leading provider of independent advisory services, software, and data solutions to the global commercial real estate industry. Each of our five core practices – Altus Analytics Solutions, Research, Valuation and Advisory, Property Tax Consulting, Cost Consulting and Project Management, and Geomatics – embody and reflect decades of experience, a broad range of expertise, and leading edge technology. Our offerings empower clients to analyze, gain market insight and recognize value on their real estate investments. Headquartered in Canada, we have approximately 2,300 employees around the world, with operations in North America, Europe and Asia Pacific. Our clients include some of the world’s largest real estate industry participants, spread across a broad variety of sectors. Altus Group pays a quarterly dividend of $0.15 per share and our securities are traded on the TSX under the symbols AIF and AIF.DB.A.