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Articles

Altus Group Strengthens UK Commercial Real Estate Services Through Acquisition of Maxwell Brown

"Maxwell Brown's 32-year track record serving the UK market, combined with the expertise of its professionals, strengthens our capability to serve the UK market, where we see opportunities for further growth," said Robert Courteau, Chief Executive Officer of Altus Group. "London is one of the most important and strategic real estate markets globally and extending our depth of expertise to a wider area of London is consistent with our strategy."Founded in 1983, Maxwell Brown is an independent provider of commercial real estate advisory services throughout the UK, with significant presence in the southern M25/M23 and South London markets. Maxwell Brown offers a comprehensive suite of advisory services related to property tax (occupied rates and empty rates services), property acquisition and disposal, lease renewals and other corporate real estate requirements. Their clients include institutional corporate property owners, property companies, developers and corporate occupiers. Maxwell Brown's team of 8 professionals will join Altus Group's global Property Tax business unit and will be integrated with Altus Edwin Hill in the UK."We are very excited to welcome Maxwell Brown's professionals to our team, whose expertise and reputation is highly regarded in our industry," said Alex Probyn, President of Altus Edwin Hill. "We see attractive growth opportunities in the UK market and believe that the synergies brought by this acquisition will help us meet a broader range of client needs and add significant value to our combined clients."Maxwell Brown's co-owners Nick Woodman and Jonathan Broome, who will continue to have leading roles in the business, said: "Joining Altus Group has a number of strategic benefits for our clients, who increasingly require fully integrated real estate solutions. Altus Group's global scale, complementary advisory services and innovative software and data solutions will enhance our ability to serve our clients. We also look forward to working closely with Altus Group's UK regional offices to provide a comprehensive service throughout the London and South East property market."The acquisition is expected to be financially accretive to adjusted earnings per share ("EPS"). Additional financial disclosure will be made available in the Company's next quarterly report.

Is this the coolest office in Britain?

Firm spends £2.7million to treat staff to open-air cinema, swings, pool table, free breakfasts - and even their own BEACH

Five Common Office Hazards to Prevent

You may think working in a comfy, climate-controlled office is safe and hazard-free, but there are many risks to your safety and health all around you. The Bureau of Labor Statistics reports tens of thousands of injuries or work-related health problems that office workers suffer each year.

What London's new office clients want

Future tenants of the City’s major office buildings are increasingly likely to hail from the Far East - and their requirements may come as a bit of a surprise.

A Day in the Life of a Real Estate Salesperson

A real estate agent, as defined by Cambridge Dictionary, is a person whose business is to arrange the selling or renting of houses, land, offices, or buildings for their owners. While that is a technically accurate definition of a real estate agent, it doesn’t give an accurate description of what a real estate agent does on a day-to-day basis. Each day is unique and different for a real estate agent; while this can be an appealing aspect of the real estate profession, it can also offer unique challenges or opportunities, depending on the agent’s skill set. So, just what does a real estate agent do in a typical day?

Viewpoint: Why do people waste so much time at the office?

The workplace is where people go to work. But much of the day is increasingly padded out with less productive activities, writes Peter Fleming.

Office space race in London sends British Land to greater heights

The landlord behind the Cheesegrater tower said demand is showing no sign of slowing

This £50 million plan to build an office right on top of Old Street roundabout wasn't even structurally possible

A local councillor has said a multi-million-pound plan to build a giant office in the centre of London's Old Street roundabout never got off the ground because it was impossible from an engineering standpoint, Techworld reports.
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