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Real Estate Research Acquisition
Canadian real estate consultancy, the Altus Group Income Fund, has announced an informal agreement to acquire assets of Clayton Research Associates, a Toronto-based provider of research into consumer spending and borrowing, land use planning issues and building products demand.
Clayton was established in 1972 and employs 14 people.
The precise nature of the purchase is not yet clear, and the deal will be subject to due diligence and other procedures. It will be funded through cash, bank financing and limited partnership units.
Altus has a staff of more than 740 and operates from a national network of offices in 24 cities. CEO Gary Yeoman believes that the transaction with Clayton will add breadth to its real estate market research analysis services. 'Clayton will bolster our roster of economists, building products experts and market analysts with a team recognised for its excellence and expert knowledge.'
The firms are on the web at www.altusgroupincomefund.com and www.clayton-research.com .
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