Invesco Real Estate Selects Altus Group to Strengthen Data Usability and Boost Decision-Making Efficiency for its Pan-European Portfolio - Seite 2

The volume and inconsistent quality of data is a constant challenge for the real estate industry, exacerbated by the global nature of real estate investment. A recent global survey by Altus Group of 400 commercial real estate executives found that almost half of real estate teams were spending from 15% to over 25% of their time managing and organising data – equivalent to 2-3 months of the year. The top three impediments in using data for decision-making were identified as regulatory requirements of collection and management of data (59%), lack of internal expertise/capability (52%) and lack of normalised data formats (48%).

“We are pleased to be partnering with Invesco Real Estate, one of the most innovative real estate players in the market, to support their continuing growth by providing a platform that streamlines, simplifies and better manages their complex data and analytics requirements,” said Mike Gordon, Chief Executive Officer at Altus Group.

About Altus Group Limited

Altus Group Limited is a leading provider of software, data solutions and independent advisory services 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 approximately 2,200 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 Invesco Real Estate

Invesco Real Estate is a global leader in the real estate investment management business with €68.5 billion in real estate assets under management, 574 employees and 21 regional offices across the U.S., Europe and Asia. Invesco Real Estate has been actively investing across the risk-return spectrum, in direct real estate strategies such as core, debt, value-add and opportunistic as well as publicly listed real estate securities since 1992. In Europe, Invesco Real Estate has eight offices in London, Munich, Milan, Madrid, Paris, Prague, Luxembourg and Warsaw, and 173 employees. It manages 177 assets across 15 European countries and with assets under management of €13.0 billion. Source: Invesco Real Estate as at 30 September 2020.