Real Capital Analytics ('RCA'), a leading commercial property research firm, has announced that it has entered into a license agreement with RP Data to improve Australian and New Zealand transaction coverage in RCA's global commercial transaction database.
"Collaboration with best-of-country information providers like RP Data continues to be a key part of our strategy to provide our clients with timely and comprehensive information regarding global investment capital flows," said Joseph Mannina, RCA's Chief Operating Officer.
"We are very pleased to be working with RP Data to more accurately gauge commercial property sales activity in both Australia and New Zealand." RCA's global investment property sales database is the first transparent database to track global capital flows in more than 100 countries. Subscribers use RCA's commercial real estate search tools to get details on recent transactions such as sales price, sale date, buyer name, seller name, cap rate/yield and building specs for the office, retail, industrial, multifamily and hotel sectors.
"RP Data's commercial property division is a clear and long-standing leader of data and information services in Australia and New Zealand," said Graham Mirabito, CEO for RP Data. For more than three decades our teams have been cataloguing, cleansing and matching data for all major commercial buildings in Australia and New Zealand's major cities. Although not immune to the global financial crisis, Australian and New Zealand properties have performed better than most other regions and we are delighted to be partnering with RCA to bring increased transparency and confidence to global property investors."
RCA also recently formed agreements with JLR Real Estate Builders (Canada), Bregman-Baraz Real Estate (Israel) and Vida Imobiliaria (Brazil) to improve its coverage of commercial transactions in Canada, Israel and Brazil.