Norton Rose Fulbright has advised Canadian-listed company Altus Group Limited (Altus Group) on the acquisition of 100 per cent of the issued capital in Estate Master Group Holdings Pty Limited (EstateMaster), an Australian-based property development feasibility and management software provider.

Altus Group is a leading provider of commercial real estate services, software and data solutions to the global commercial real estate industry, with a network of more than 70 offices worldwide including in Australia, Canada, UK, US and Asia. Altus Group’s operations encompass the full spectrum of the property and construction industry - from project inception to completion, maintenance and life cycle costings and ultimately, disposal.

EstateMaster delivers a suite of powerful, flexible and easy-to-use property development, valuation, investment and management software, to more than 20,000 property professionals and over 1,000 firms across the Asia Pacific, Africa, Europe, India, Middle East, UK and US. The EstateMaster Development Feasibility software is the accepted market standard for the production of feasibility reports in the Australian property markets, including all national banks, professional associations and government bodies. Founded by Martin Hill in 1991, EstateMaster also operates the University Partnership Programme with over 30 universities participating and expansion of software to over 42 countries.

Norton Rose Fulbright partner Ben Smits, who led the deal, commented:

“We are delighted to assist Altus Group on another Australian acquisition which will be a strong compliment to Altus Group’s existing client offering. The deal has come at a time where Altus Group, as an innovative and dynamic market player, can harness the considerable market interest in property, construction and related services globally.”

Robert Courteau, chief executive officer, Altus Group commented:

“The acquisition of EstateMaster broadens our product offerings with software solutions complementary to our ARGUS Developer product, while adding market share in our growth regions, including Australia and the Middle East. Their established track record of growth, combined with their impressive team and solid industry reputation will add value to our growth initiatives.”

Ben Smits was assisted by Sydney corporate associate Mitchell Kelly. Sydney employment partner David Cross also provided advice.