Altus Group Limited ("Altus Group" or "the Company") (TSX: AIF) a leading provider of independent advisory services, software, and data solutions to the global commercial real estate industry, announced today that it has acquired R2G Limited ("RatesRecovery"), a specialist chartered surveyors firm focused on business rates services. The acquisition of RatesRecovery strategically enhances the Company’s business rates offerings in the UK immediately ahead of the 2017 Business Rates Revaluation.
"We are pleased to welcome the RatesRecovery team to Altus Group," said Alex Probyn, President of Altus Group UK. "RatesRecovery’s solid track record and reputation within the industry strengthens our full-service business rates practice. The acquisition of RatesRecovery adds scale and enhances our position as one of the largest property tax advisors in the UK."
RatesRecovery, founded in 2002, specializes in business rates advisory for all types of commercial property including office, retail and industrial bulk classes. RatesRecovery provides a comprehensive suite of business rates consultancy services including business rate appeals, empty property rates strategies, rate payment services and business rates audits. RatesRecovery’s team of experienced professionals, including co-founders Martin O’Neill and Nick Wright, will join Altus Group’s global Property Tax business unit.