Altus Group Limited (Altus Group), a leading provider of software, data solutions and independent advisory services to the global commercial real estate industry, announced today that Allianz Real Estate, the global real estate investment manager of Allianz Group, has selected Altus Group as its partner to provide an investment and asset management platform that will transform how Allianz manages its global €60 billion asset portfolio.
Allianz Real Estate is implementing Altus Group’s investment and asset management platform, resulting in one unified end-to-end solution that delivers the ability to manage all of Allianz Real Estate’s direct equity, indirect, and debt real estate investments. Using Altus Group’s ARGUS Enterprise, ARGUS Voyanta and ARGUS Taliance solutions, this will now provide the ability to aggregate all investments, structures and assets into a single platform, allowing for real time analytics, decision-making and reporting across the organization.
“Our strategic partnership with Altus Group has resulted in the first of its kind innovation for the real estate industry. Their solution provides us with the ability to manage our global portfolio from a single, integrated software platform. We benefit from greater visibility and insights from a top view of investments down to the individual asset performance,” said Andreas Steimel, COO of Allianz Real Estate.
Altus Group’s investment and asset management software manages the most complex structures at any level – asset, investment, investor and fund – and provides the ability to track multiple scenarios for sensitivity and risk management purposes. It accurately, efficiently and transparently handles real estate investments at all stages in the ownership cycle, from acquisition and development to disposition.
“We are pleased to be partnering with Allianz Real Estate, one of the largest and most innovative real estate investors globally, to support their continuing growth by providing a platform that streamlines and simplifies complex investment management analysis, reporting and decision-making,” said Robert Courteau, Chief Executive Officer of Altus Group. “Our best-in-class applications have been integrated to provide a single, comprehensive software solution for real estate investment managers.”
Pan-European real estate investment manager Europa Capital, in partnership with commercial real estate investor and developer ConvergenCE, acquired the Akadémia Business Center in Budapest. The acquisition has been completed...