Today, the following press release went out:
London, January 12, 2017 - GeoPhy, the independent global platform for real estate intelligence with offices in Amsterdam and London, today announces the opening of a New York office as part of its continued global expansion. Nils Kok, a well-known Dutch economist and real estate data expert, joins GeoPhy as its first Chief Economist and will head up the North American business.
Nils Kok, the highest ranking Dutch economist at Maastricht University and rated 8th among economists in the Netherlands in 2015, will be responsible for developing GeoPhy’s business in North America, engaging with banks, pension funds and other real estate investors and lenders. He is the founder of GRESB where he worked with over 60 leading institutional investors to assess the sustainability performance of more than 1,000 property companies and portfolio managers. In addition Nils will have a global role, using the vast amounts of property data which the GeoPhy platform holds to produce new tools for investors in commercial real estate.
GeoPhy today also announces the launch of Alpha, a real-time, interactive dashboard for real estate reporting, granular analysis and portfolio management. Alpha provides institutional investors with enhanced visibility of their portfolios and instant insight for better decision making. This includes information on asset value, location and asset quality assessment, and sustainability, drawn from a universe of more than 10,000 global private real estate funds and listed property companies.
Nils Kok, Chief Economist, GeoPhy, said: “The global commercial real estate industry is currently valued at USD13 trillion of which the US and Canadian markets represent approximately 40 percent. The continued low yields on equity and fixed income investment has led to more capital flowing into commercial property, while at the same time real estate investors are increasingly investing in assets outside their domestic market, in places where they lack local knowledge. Reliable data to enable real estate investors and lenders to make accurate decisions has hitherto been elusive.”
He continued: “I’m thrilled to take the chance to lead the growth of GeoPhy in the US and Canada, where the property investment sector is ripe for disruption, and the opportunity for unparalleled insight through the GeoPhy database is deeply exciting.”
Teun van den Dries, CEO, GeoPhy, commented: “If 2016 was the year of big data, 2017 is the year to actually start using it and for the commercial real estate sector to harness the potential of the massive amounts of data that have become available. Nils Kok is an acknowledged expert in this field and there is no-one better to sustain our growth as we expand across North America. We have already mapped over USD1.8 trillion of assets using our Alpha dashboard and we look forward to its rapid adoption for portfolio management.”