*Release distributed by on-geo*
MUNICH (August 1, 2016) –on-geo GmbH (“on-geo”) a full service real estate valuation specialist to the European investment and real estate markets, today announced a referral sales agreement with Altus Group Limited (“Altus Group”) (TSX: AIF), a leading provider of independent advisory services, software and data solutions to the global commercial real estate (“CRE”) industry. This referral sales agreement allows for joint business development and sales of Altus Group’s ARGUS suite of solutions within the European region of Germany, Switzerland and Austria (DACH).
With over 3,000 institutional customers and 100,000 users of on-geo’s LORA Suite, including 80% of the DACH region’s banking community, on-geo has a unique insight into the DACH market. This insight, combined with Altus Group’s decades of experience providing industry leading technology for real estate investment, asset management and development finance, presents a unique offering to the European DACH region’s CRE market.
“ARGUS’ market leading solutions are complemented perfectly by on-geo’s LORA Suite, tailored to the German market, supporting information flow across the credit process, financing, portfolio and risk management and control,” said Dr. Klaus Wiegel, Managing Director of on-geo GmbH. “With this deeper level of coordination with Altus Group, we can deliver more value to our clients.”
“on-geo has a proven track record in the German market of delivering timely solutions that support the entire value chain for real estate valuation,” said David Oates, Senior Vice President, International at Altus Analytics, the software and data solutions business unit of Altus Group. “We see real opportunity with this agreement to increase the value of Altus Group’s globally-recognised offerings in the DACH region of Europe.“
ARGUS Enterprise® is the industry standard global asset and investment management platform that supports multiple valuation standards, provides superior investment visibility, delivers powerful reporting capabilities, and streamlines efficiency for CRE brokers, acquisition and valuation professionals. ARGUS®Developer is a comprehensive single platform to model, forecast, manage, analyse and report on CRE development project cost and cash flows, from project inception and feasibility through to planning, execution and completion.
About on-geo GmbH
Based in Munich, Germany, on-geo GmbH is a full service real estate valuation specialist and provider of process solutions to the European investment and real estate markets. It is majority owned by DMG Information (DMGI), a subsidiary of the global Daily Mail and General Trust group.
For more information about on-geo, please visit: www.on-geo.de
FOR FURTHER INFORMATION PLEASE CONTACT:
Dr. Klaus Wiegel
+ 49 (0)89 / 44 45 66 30