Altus Group Limited announced that it has enhanced its European valuation offer with a new Pan-European dataset to compare and analyse commercial property valuation performance. A one of its kind for the European market, the Pan-European valuation dataset brings together valuation data from across the region to provide a new level of insight on "how" and "why" property values are changing. In developing the dataset, Altus Group has brought together its market leading technology, its expertise in valuation, data science and analytics, and its relationships with Europe's most influential real estate funds to gather a critical mass of property data from across the continent.

At present, this asset-level dataset is primarily based on Pan-European open-ended diversified core funds but is rapidly expanding to other open-ended strategies (geographic, sector, etc.) collectively representing over EUR40 billion in assets under management. Until now, commercial real estate valuation data in Europe has been largely fragmented, existing within different organizations and countries, in different formats, languages and levels of coverage. Current European market indices provide top level valuations trends, but not the factors underpinning those changes.

Altus Group's Pan-European valuation dataset creates a centralised, standardized valuation dataset offering granular insight into why property values are changing. Similar to Altus Group's analytics capabilities in the U.S., European users can drill down by sector and/or geography to analyze how certain factors such as yields, contract rents, market rents, occupancy levels, operating costs, capital expenses, cash-flow, or lease terms impact valuation trends. The first phase includes coverage of core and core+ funds, with the second phase underway expanding coverage with pension funds, domestic funds, and other closed-end funds.

This level of enhanced valuation transparency helps CRE professionals better understand whether valuations are changing due to capital market factors and/or cash-flow fundamentals, leaving them better positioned to navigate changing market conditions and prepare for the future.