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Altus Group to Acquire APAC-Focused Valuation Software Provider Forbury

Retrieved on:

Wednesday, November 8, 2023

Forbury, CRE, Intelligence, Growth, Altus, Acquisition, TSX, Altus Group, Commercial property

TORONTO, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Altus Group Limited (ʺAltus” or “the Company”) (TSX: AIF), a leading provider of asset and fund intelligence for commercial real estate (“CRE”), announced today that it signed a definitive agreement to acquire the business of Forbury Property Valuation Solutions Limited (“Forbury”), a CRE valuation software provider in the Asia Pacific (“APAC”) region.

Key Points:

TORONTO, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Altus Group Limited (ʺAltus” or “the Company”) (TSX: AIF), a leading provider of asset and fund intelligence for commercial real estate (“CRE”), announced today that it signed a definitive agreement to acquire the business of Forbury Property Valuation Solutions Limited (“Forbury”), a CRE valuation software provider in the Asia Pacific (“APAC”) region.
Trusted by the market for over a decade across various asset classes, its flagship Forbury Commercial product is widely adopted for commercial property valuation in the APAC region.
“The addition of Forbury’s widely adopted valuation solution bolsters Altus’ global valuation offer in our growing APAC region,” said Gordon Richardson, President of Altus’ APAC Analytics division.
“With a global valuation platform, Altus is ideally suited and well-resourced to help accelerate Forbury’s growth and build on our success.

Transwestern Partners With Altus Power to Explore Decarbonization Opportunities

Retrieved on:

Wednesday, November 8, 2023

Utilities, Technology, Alternative Energy, Commercial Building & Real Estate, Energy, Software, Construction & Property, Carbon footprint, Growth, TIG, Carbon, Partnership, Entrepreneurship, ESG, Green Investment Group, Altus, Renewable energy

Transwestern Investment Group (TIG®) and Altus Power , the leading commercial-scale provider of clean electric power, today announced an exclusive strategic partnership to explore the development and construction of solar arrays and battery storage solutions for a subset of TIG’s industrial real estate properties, furthering Transwestern’s commitment to its stated ESG objectives .

Key Points:

Transwestern Investment Group (TIG®) and Altus Power , the leading commercial-scale provider of clean electric power, today announced an exclusive strategic partnership to explore the development and construction of solar arrays and battery storage solutions for a subset of TIG’s industrial real estate properties, furthering Transwestern’s commitment to its stated ESG objectives .
Through this partnership, which aligns with TIG’s pledge to foster sustainable investing , the companies plan to evaluate opportunities for solar projects across 24 industrial and logistics properties totaling more than 8.2 million square feet.
In addition to the building-sited, locally generated solar power, Altus Power and TIG will explore implementing battery storage and fleet electric-vehicle charging infrastructure.
“Our partnership with Altus Power highlights our commitment to deliver on sustainability objectives and drive value for our investors as well as prospective tenants,” said Gary Jaye, Chief Investment Officer of TIG.

Penguin Solutions to Showcase Expertise in AI and HPC at SC23

Retrieved on:

Monday, November 6, 2023

Penguin Solutions , an SGH brand (Nasdaq: SGH ) that designs, builds, deploys, and manages AI and accelerated computing infrastructures at scale, today announced the HPC and AI solutions it will showcase at Supercomputing 2023 (SC23) in Denver on November 12-17 in booth #843.

Key Points:

Penguin Solutions , an SGH brand (Nasdaq: SGH ) that designs, builds, deploys, and manages AI and accelerated computing infrastructures at scale, today announced the HPC and AI solutions it will showcase at Supercomputing 2023 (SC23) in Denver on November 12-17 in booth #843.
View the full release here: https://www.businesswire.com/news/home/20231106422721/en/
Penguin Solutions will be showcasing its latest HPC and AI solutions at Supercomputing 2023 in Denver.
Penguin and its partners will showcase several innovative capabilities demonstrating their passion for all things HPC.
During the week of SC23, follow Penguin Solutions on LinkedIn and Twitter and use our official SC23 hashtag #PenguinSC23 to stay connected.

Altus Power, Inc. Announces Appointment of Tina Chan Reich to Board of Directors

Retrieved on:

Wednesday, November 1, 2023

Altus Power, Inc. (NYSE: AMPS), a leading commercial-scale provider of clean electric power, announced today that Tina Chan Reich has joined its Board of Directors.

Key Points:

Altus Power, Inc. (NYSE: AMPS), a leading commercial-scale provider of clean electric power, announced today that Tina Chan Reich has joined its Board of Directors.
Ms. Reich will serve as a member of both the Audit Committee and the Nominating and Corporate Governance Committee.
View the full release here: https://www.businesswire.com/news/home/20231101847943/en/
Tina Chan Reich, Altus Power Board Member (Photo: Business Wire)
“Altus Power is already supplying hundreds of large enterprises and thousands of residential customers with the benefits of clean electric power.
Tina Reich has an incredible track record of doing exactly that and we are very pleased that she is joining Altus Power,” said Lars Norell, Co-CEO of Altus Power.

Altus Power and Brightcore Energy Announce Completion of Multiple Solar Projects Across New Jersey

Retrieved on:

Thursday, October 19, 2023

Environment, Sustainability, Alternative Energy, Commercial Building & Real Estate, Green Technology, Energy, Construction & Property, Brennan, Community solar, Carbon, NYSE, Altus, Renewable energy

Altus Power, Inc., (NYSE: AMPS), the leading commercial-scale provider of clean electric power, and Brightcore Energy, a leader in developing and implementing renewable energy solutions for the commercial and institutional market, today announced the completion of 19 solar arrays across New Jersey utilizing rooftops from Brennan Investment Group’s portfolio of logistics buildings.

Key Points:

Altus Power, Inc., (NYSE: AMPS), the leading commercial-scale provider of clean electric power, and Brightcore Energy, a leader in developing and implementing renewable energy solutions for the commercial and institutional market, today announced the completion of 19 solar arrays across New Jersey utilizing rooftops from Brennan Investment Group’s portfolio of logistics buildings.
In total, the assets will represent 7.4 megawatts (MWs) of solar arrays which will be owned and operated by Altus Power and will offer the benefits of clean, electric power to the local community.
“New Jersey has one of the fastest growing community solar programs in the country and Altus Power and Brightcore Energy have been working together to make this program a reality,” said Gregg Felton, co-CEO and co-founder, Altus Power.
There was quite a bit of coordination to align all the logistics,” said Mike Richter, President of Brightcore Energy.

Altus Group to Announce Q3 2023 Financial Results on November 9, 2023

Retrieved on:

Monday, October 16, 2023

Altus Group, RBC, TSX, Intelligence, Internet, Webcast, Telecommunications, Conference, TD, Altus

TORONTO, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Altus Group Limited (ʺAltus” or “the Company”) (TSX: AIF), a leading provider of asset and fund intelligence for commercial real estate (“CRE”), announced today that it plans to release its third quarter financial results for the period ended September 30, 2023 after market close on Thursday, November 9, 2023. Altus executives Jim Hannon, Chief Executive Officer, and Pawan Chhabra, Chief Financial Officer, will host a conference call and webcast at 5:00 p.m. (ET) the same day to review the financial results and discuss corporate developments.

Key Points:

TORONTO, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Altus Group Limited (ʺAltus” or “the Company”) (TSX: AIF), a leading provider of asset and fund intelligence for commercial real estate (“CRE”), announced today that it plans to release its third quarter financial results for the period ended September 30, 2023 after market close on Thursday, November 9, 2023.
Altus executives Jim Hannon, Chief Executive Officer, and Pawan Chhabra, Chief Financial Officer, will host a conference call and webcast at 5:00 p.m. (ET) the same day to review the financial results and discuss corporate developments.
ET;
TD Securities Technology Conference in Toronto on November 20, 2023, including an in-person fireside chat presentation with Jorge Blanco, Chief Commercial Officer at 11:30 a.m.
Institutional investors wishing to attend the conferences and schedule in-person meetings with Altus management should contact their RBC and TD representatives, as applicable, to register.

Altus Group Report Reveals Commercial Tax Rate in Major Canadian Cities Reaching More than Three Times the Residential Rate

Retrieved on:

Wednesday, October 11, 2023

Benchmark, Goods and services tax (Canada), Operational technology, Environment, City, Operation, Quebec, Altus Group, Altus, Property management, Real estate, Silviculture

"As we assess this ever-changing landscape of commercial and residential property tax, it becomes clear that adaptability is key to navigating these times.

Key Points:

"As we assess this ever-changing landscape of commercial and residential property tax, it becomes clear that adaptability is key to navigating these times.
The ratios in both cities have continuously dropped and since 2017, these two cities have had the most equitable commercial to residential ratios in this study.
The ongoing delay in reassessment is compromising the province’s economic competitiveness and could ultimately translate to higher property tax rates.
A copy of the Altus Group 2023 Canadian Property Tax Rate Benchmark Report can be downloaded at: https://www.altusgroup.com/insights/canadian-property-tax-benchmark-report/

Altus Power, Inc. Announces Date for Release of Third Quarter 2023 Financial Results and Conference Call

Retrieved on:

Tuesday, October 10, 2023

Alternative Energy, Energy, Altus, NYSE, Webcast, Event

The earnings release will be followed by a conference call for investors at 8:30 AM Eastern Time the same day.

Key Points:

The earnings release will be followed by a conference call for investors at 8:30 AM Eastern Time the same day.
The call will feature prepared remarks from Gregg Felton, Co-Chief Executive Officer and Dustin Weber, Chief Financial Officer.
The prepared remarks will be followed by a question-and-answer session which will also include Lars Norell, Co-Chief Executive Officer of Altus Power.
The conference call may be accessed via live webcast on a listen-only basis on the Events & Presentations page of the investor section of Altus Power’s website.

City of Toronto’s Committee of Adjustment process contributes to delays and additional costs in home renovations and infill housing builds

Retrieved on:

Wednesday, September 20, 2023

Housing, Interview, Altus, BILD, Human, TLAB, Planning Act 2008, City, Construction, Greater Toronto Area, KPMG, COA, Management, Pharmaceutical industry

The study further identified that in order to meet the City’s goal of building 285,000 homes by 2031, the system must be overhauled.

Key Points:

The study further identified that in order to meet the City’s goal of building 285,000 homes by 2031, the system must be overhauled.
“Toronto is a rapidly growing city, and the building of infill homes and renewal of existing housing stock add much-needed housing supply for current and future residents,” said Justin Sherwood, BILD’s Senior Vice President.
“Renovators in Toronto have long been advocating for improvements to the COA process,” said Peter Di Scola, Chair of BILD’s Renovator Executive Committee.
For additional information or to schedule an interview, contact Justin Sherwood at [email protected] or 416-371-6005.

Altus Power and Brightcore Energy Announce New Carport Solar Arrays at Morgan Stanley’s Westchester Campus

Retrieved on:

Thursday, September 14, 2023

“Morgan Stanley is a leader in the global financial markets, and we’re excited to provide its Westchester site with a new source of clean energy benefiting their campus and the surrounding community,” said Gregg Felton, Co-CEO and Co-Founder of Altus Power.

Key Points:

“Morgan Stanley is a leader in the global financial markets, and we’re excited to provide its Westchester site with a new source of clean energy benefiting their campus and the surrounding community,” said Gregg Felton, Co-CEO and Co-Founder of Altus Power.
“We look forward to additional opportunities to work with Brightcore and Morgan Stanley in the future.”
“We are excited to see our work with Morgan Stanley become reality,” said Mike Richter, President of Brightcore Energy.
Altus Power currently serves more than 20,000 Community Solar subscribers nationwide.
Community Solar provides homeowners and renters of diverse income brackets access to the benefits of clean energy and power bill savings without the requirement of roof space or home-installation of solar panels.