In this week’s Estates Gazette, JLL announced its plans to better meet clients’ growing demand for data through expansion of its use of Argus Enterprise throughout the UK and beyond.
The real estate services firm is transitioning to use of the global asset and portfolio management platform across its Europe, Middle East and Africa valuation advisory, capital markets and investment management businesses.
Writing for the Practice & Law section, Andrew Renshaw, head of valuation and professional advisory at JLL, and David Oates, senior vice-president at Argus Software, explained how the move would enable JLL to meet clients’ needs.
They described a recent internal conference at which JLL valuers met to discuss how the profession is changing, adding: “One of the biggest topics under scrutiny was clients’ growing demands for data and analysis to underpin everything they do.”
As valuation methods have fragmented in recent years, a situation which is made even more complex by the involvement around the world of more international investors, JLL believe they are moving ahead of the rest of the pack by signing what it describes as a “ground-breaking alliance” that allows them to unite valuation methods from across the world.
They added: “We can announce that JLL has expanded its use of ARGUS Enterprise, ARGUS Software’s valuation and investment management system, which allows valuers across the UK and EMEA to apply both methodologies using the same software package.”
In a separate statement, Renshaw said: “Our strategic partnership with Argus and decision to adopt Argus Enterprise provides us with a platform to support the challenging requirements of a complex multinational EMEA marketplace.
“Argus Enterprise will allow our clients to access accurate portfolio data and further strengthen our strategic approach to consistent analysis, transparency, service delivery and assurance on behalf of our clients.”
• Click here for more on JLL’s partnership with Argus
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