Altus Group Becomes the First RICS Regulated Firm Worldwide
TORONTO, ONTARIO–(Marketwired – Sept. 5, 2013) – Altus Group Limited (TSX:AIF) (“Altus Group”) is pleased to announce that, effective July 2013, it has become the first company to be globally regulated by the Royal Institution of Chartered Surveyors (“RICS”), the world’s leading qualification for professional standards in land, property and construction. As the first designation of its kind, this global regulation brings together two independent leaders in real estate.
“We welcome Altus Group’s decision to become a RICS Regulated Firm. This is a commitment to the highest international standards of professionalism and ethics – and demonstrates that Altus Group is open to and embraces independent regulatory scrutiny,” said Sean Tompkins, Chief Executive Officer, RICS. “Achieving and maintaining RICS Regulated Firm status is a clear market differentiation, at a time when a growing number of clients and governments around the world are demanding a higher level of quality assurance.”
“As the leading global provider of independent real estate consulting services, data and intelligence solutions, high professional and ethical standards are of the utmost importance to Altus. We are committed to helping our clients by staying on top of the changing regulations by providing excellence in quality, transparency and integrity. This designation reinforces our commitment to leading the industry on an international scale,” said Bob Courteau, Chief Executive Officer, Altus Group.
As governments, banks and commercial organizations voice the need for greater transparency and certainty regarding international firms, this designation strengthens Altus Group’s global profile and provides the highest assurance of quality to clients and the industry.
About Altus Group Limited
Altus Group is a leading provider of independent commercial real estate consulting and advisory services, software and data solutions. We operate five interrelated Business Units, bringing together years of experience and a broad range of expertise into one comprehensive platform: Research, Valuation and Advisory; ARGUS Software; Property Tax Consulting; Cost Consulting and Project Management and Geomatics. Our suite of services enables clients to analyze, gain insight and recognize value on their real estate investments.
Altus Group has over 1,800 employees in multiple offices around the world, including Canada, the United States, the United Kingdom, Australia and Asia Pacific. Altus Group’s clients include financial institutions, private and public investment funds, insurance companies, accounting firms, public real estate organizations, real estate investment trusts, industrial companies, foreign and domestic private investors, real estate developers, governmental institutions and firms in the oil and gas sector.
For more information, please visit www.altusgroup.com.
RICS is the world’s leading qualification when it comes to professional standards in land, property and construction.
In a world where more and more people, governments, banks and commercial organizations demand greater certainty of professional standards and ethics, attaining RICS status is the recognized mark of property professionalism.
Over 100,000 property professionals working in the major established and emerging economies of the world have already recognized the importance of securing RICS status by becoming members.
RICS is an independent professional body originally established in the UK by Royal Charter. Since 1868, RICS has been committed to setting and upholding the highest standards of excellence and integrity – providing impartial, authoritative advice on key issues affecting businesses and society. RICS is a regulator of both its individual members and firms enabling it to maintain the highest standards and providing the basis for unparalleled client confidence in the sector.
Camilla BartosiewiczBartosiewiczVice President, Investor Relations