Thursday, June 9th, 2016 - NewsMaker

"Developer 7.5 represents the most advanced, best-in-class solution in the industry to manage the entire development lifecycle in one intuitive and user-friendly platform. It provides clients the visibility and confidence they require to make strategic and informed decisions allowing them to maintain control over the risks and returns of their development projects," said Robert Courteau, Chief Executive Officer, Altus Group.

As a universal platform to support CRE participants from inception through delivery on development projects, Developer 7.5 includes a number of enhancements to improve user experience including:


--  Flexible Accounting & Finance - Project costs can now be apportioned

    across multiple development phases using a fixed or percentage basis,

    and closed accounting periods may be re-opened in order to make

    adjustments and corrections. In addition, specific costs and revenues

    may be separately accounted for through the introduction of line-item



--  Released Budgets - Additional budgets may be released for any amount or

    proportion of the total development budget at any stage of the project.

    This provides the ability to better track actuals, create variance

    reports and enables clients to understand risk exposure at any stage of



--  File-based Storage - Project files may be saved and stored without the

    use of a database and access to, and transfer between, existing database

    and file-based storage systems is now included for distribution of

    project files to clients.


--  English Stamp Duty - Handles tax on site acquisition costs and

    purchaser's costs related to recent changes to Stamp Duty legislation,

    made by the UK Government.



"ARGUS Developer enables us to effectively analyse and forecast a variety of acquisition and new development projects, resulting in more strategic and informed decisions on project viability across our portfolio," said Joe Wright, Business Analyst at Barwood, a leading real estate development and investment management company in the UK.

Additional Information:


--  Online ARGUS Developer


About Altus Group Limited

Altus Group Limited is a leading provider of independent advisory services, software, and data solutions to the global commercial real estate industry. Our businesses, Altus Analytics and Expert Services, reflect decades of experience, a range of expertise, and technology-enabled capabilities. Our solutions empower clients to analyze, gain market insight and recognize value on their real estate investments. Headquartered in Canada, we have approximately 2,300 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 across a variety of sectors. Altus Group pays a quarterly dividend of $0.15 per share and our securities are traded on the TSX under the symbols AIF and AIF.DB.A.

For more information on Altus Group, please visit:


Contact Information

Altus Group Limited
Ali Mahdavi
Investor Relations
(416) 234-3660
[email protected]

Jeff Hayward
Vice President, Marketing
Altus Analytics
(416) 234-4212
[email protected]

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