LONDON (February 16, 2018) – Altus Group Limited (“Altus Group”), a leading provider of independent advisory services, software and data solutions to the global commercial real estate industry, announced today that it has acquired the specialist commercial property consultancy firm Aspect Property Consultants LLP.
The acquisition has a number of key benefits for Altus Group, including:
- Further expands Altus Group’s UK footprint, particularly in the critical West London industrial market.
- Grows and strengthens the Agency, Leasing and Investment business in the South East.
- Makes a strong contribution to Altus Group’s expert teams with the addition of prominent regional advisors and a specialist investment and development funding function.
Established in 2009, Aspect Property Consultants specializes in the industrial / warehouse markets of South East England, with a significant presence in the important West London market. The company enjoys a diverse client portfolio that comprises notable developers, landlords, investors and occupiers, and includes Hermes, M&G Real Estate, SEGRO, Lasalle Investment Management and DTZ Investors.
The boutique consultancy was founded by former Brixton plc Leasing and Development Directors Alex Kington and John Pocock, both of whom bring significant sector specialism. The team was further strengthened in 2015 by Adam Coulston, the consultancy’s Industrial and Logistics Investment specialist, formerly Head of Industrial & Logistics at M&G Real Estate. The company’s broad range of services include leasing for both landlords and tenants; investment; development site acquisition, disposal and funding. The company has offices in London, Heathrow and Basingstoke. The cost of the acquisition is undisclosed.
“Aspect has an outstanding reputation and a proven track record for delivering both quality advice and regional expertise, in particular in the West London, Heathrow and Thames Valley industrial markets,” said Alex Probyn, president of UK business rates and property advisory services at Altus Group. “These are critical markets for us, and so I am particularly pleased to welcome the combined experience and proven track records of the team. Their addition will further strengthen our existing agency presence in the region.”
“This acquisition is an extremely good fit for our UK business, and will enable us to enhance our presence in the strategically important South East industrial markets, as well as helping to strengthen our ability to meet the requirements of new and existing clients across all service areas.”
Aspect’s co-founder Alex Kington said: “We’re very much looking forward to working closely with Altus Group’s UK team as we continue to deliver sector specialist advice to our clients whilst also being in a position to deliver an enviable range of complementary real estate advisory services.”
The acquisition of Aspect Property Consultants is the latest announcement from Altus Group, which has a commitment and ambition to grow its UK business and expand its offerings in strategically important markets. Most recently in late 2017, Altus Group announced the acquisition of CVS (Commercial Valuers & Surveyors) Limited, a privately-owned property tax service provider that specializes in business rates advisory services, which doubled the company’s business rates practice in the UK.
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. Our businesses, Altus Analytics and Altus Expert Services, reflect decades of experience, a range of expertise, and technology-enabled capabilities. Our solutions empower clients to analyze, gain insight and recognize value on their real estate investments. Headquartered in Canada, we have more than 2,500 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. Altus Group pays a quarterly dividend of $0.15 per share and our shares are traded on the TSX under the symbol AIF.
For more information on Altus Group, please visit: www.altusgroup.com.
About Aspect Property Consultants
Aspect Property Consultants is a commercial property consultancy which specializes in the industrial / warehouse market with a particular focus on the West London. From our offices in London, Heathrow Basingstoke, we work with developers, landlords, investors and occupiers to deliver effective real estate strategies. An in-depth knowledge of the South East business space market is combined with a range of expertise to deliver bespoke service to a broad range of clients. Our team is experienced in leasing, development, investment and asset management. In 2017 Aspect were involved in over 2.3m sq ft of leasing and investment transactions.
For more information on Aspect Property Consultants, please visit: www.aspectpc.co.uk.