Press release: GeoPhy announces strategic partnership with ABP and its asset manager APG
Property data specialist GeoPhy receives investment through ABP’s venture fund INKEF Capital and will join forces with pension investor APG Asset Management in a strategic partnership to deliver greater real estate data transparency
London, 19 May 2016: Property data analytics expert GeoPhy today announces a strategic partnership with APG Asset Management, the leading Dutch pension asset manager. The partnership will cement GeoPhy’s position as the leader for independent real estate data and provide APG with increasingly detailed transparency into its commercial property. As part of the partnership INKEF Capital, an ABP-backed venture fund, has invested in GeoPhy.
GeoPhy was founded in 2014 as an independent global platform for real estate intelligence. The GeoPhy platform combines advanced research and reporting tools with a database that currently covers over three million buildings in 51 countries. The database combines thousands of different sources from around the world to generate an objective quality score, a carbon footprint and a valuation for every building, which are used by banks and investors to assess risk and opportunity.
With over 10,000 properties added per day, GeoPhy will offer relevant coverage in every major market around the world by the end of the year.
APG manages an estimated total of 37 billion Euros in Real Estate for ABP, the largest Dutch pension fund with over 359 billion Euros AUM. This strategic partnership will provide APG’s portfolio managers with more detailed oversight and insight, from overall portfolio management right down to individual building levels of detail. The platform enables APG to compare and assess the building and location specifics of its entire property portfolio and to benchmark these metrics for every regional and local real estate market.
The investment by INKEF Capital will provide additional means for acceleration in building out the global data coverage of the GeoPhy platform, as well as the international expansion of the organisation. With major clients on three continents, including some of the largest property investors in the world, the main focus will be to offer the best and most comprehensive dataset possible around the world.
Patrick Kanters, Head of Real Estate at APG, commented: “The data-driven insights provided by the GeoPhy platform are crucial in achieving the more detailed understanding we need for our real estate investments. The GeoPhy data platform can offer us an integrated view of the properties held by our private funds, co-investments and listed investments, providing a truly holistic view. We look forward to working with them on further developing their platform and bringing these capabilities to global real estate investment markets.”
Michael Stam, CEO of INKEF Capital, added: “GeoPhy is already working for some of the largest investors and lenders in the world. Their highly capable team and outstanding, innovative product give us confidence that we can work with them to strengthen their position as the leading global data platform for real estate. Pension funds, investment firms, wealth management and family office investors can be assured of GeoPhy’s capabilities to provide increased market transparency. The insights that GeoPhy delivers in a single platform are invaluable in making strategic investments, delivering returns and managing investment risk.”
Teun van den Dries, founder and CEO of GeoPhy, said: “The institutional knowledge of APG and their continued contribution to increasing market transparency make them an ideal partner for our international growth and acceleration. Their domain expertise as one of the largest investors in the world, combined with the expertise of INKEF in supporting fast-growth companies like ours, will help us achieve the next phase in our global strategy. We are excited about working with such reputable partners as APG and INKEF and to progressing to the next stage of our development.”
For media enquiries, please contact:
GeoPhy media relations:
Julia Streets / Matt Fincham / Abby Munson
Tel: +44 (0)20 7959 2235
APG Corporate Communications
Harmen Geers, Head of Media Relations
Tel: +31(0)20 6049136
In a world demanding ever-greater transparency, property investment remains incredibly opaque. GeoPhy was founded to change just that. The team aims to become the independent global source for information and analysis for everyone with financial exposure to real estate. GeoPhy offers independent quality rankings, carbon footprints and valuations from building and fund level up to a global portfolio overview.
More information can be found on www.geophy.com
About APG Asset Management
APG Asset Management N.V. is a Dutch pension asset manager in the Netherlands. For its pension fund clients and their 4.5 million active and retired participants from the public and private sectors representing over 30% of all collective pension schemes in the Netherlands, APG Asset Management N.V. manages pension assets of more than €417 billion as at the end of March 2016.
About INKEF Capital
INKEF is an Amsterdam, the Netherlands, based venture capital firm that is focused on the long-term collaboration and active support of innovative technology companies. INKEF was founded in 2010 by Dutch pension fund ABP and with € 200 million under management it is one of the largest venture capital funds in the Netherlands. INKEF focuses on investment opportunities in Healthcare, IT/New Media/Financial Technology and prefers to participate from series A round financing onwards.
For more information please visit: www.inkefcapital.com.