PwC to sell US-based real estate consulting practice
Altus Group announces intention to acquire PwC's US-based real estate valuation consulting group.

Fuente:   Fecha:  02.07.2010

PwC to sell US-based real estate consulting practice

Altus Group Income Fund announced that it has reached an agreement to acquire the US-based real estate valuation consulting practice of PricewaterhouseCoopers US. Altus intends to finance this acquisition through a combination of cash, equity and bank financing.

The practice provides valuation consulting and analytic services to a roster of global clients through a national practice operated from offices in Jersey City, Houston, Irvine and Atlanta.

"Intensifying our growing presence in the US, this acquisition provides Altus with the additional capacity to capitalize on our industry leading reputation and commitment to local, independent advice," indicated David Jenkins, Global President, Research, Valuation and Advisory, Altus Group. "We welcome this team to Altus and look forward to fostering this relationship to ensure that clients benefit from our combined experience and extended service offerings."

Altus Group is a multidisciplinary provider of independent real estate consulting and professional advisory services worldwide. With a staff of over 1,600, Altus Group has a network of over 60 offices in 14 countries worldwide, including Canada, UK, Australia, Asia and the United States.