Commercial property intelligence company GeoPhy has launched the first holistic, comprehensive, vertical and horizontal source of property data for the UK property industry. The platform gives every building a quality ranking, based on numerous data points, including current letting status, sustainability and transport links. GeoPhy is the only independent provider of this comprehensive level of real estate data in the UK and cover over 2.5 million commercial properties.
In a world demanding greater transparency, property investment, commercial property remains opaque. On a daily basis, investors, banks, pension funds, consultants, governments, industry, law enforcement, regulatory bodies and agents make key decisions about property investments and developments, based on partial and inconsistent information. Yet they need to understand, assess and minimise their risks involved and analyse the market potential.
First launched in The Netherlands as ‘OfficeRank’, GeoPhy has a proven track record with a steep adoption history by some of the largest agencies, banks and pension funds, with current customers including Rabobank, Kempen Capital Management, CBRE Global Investors and DNB – the Dutch central bank. GeoPhy has now expanded its operation to cover the UK property market and early UK customers include top tier banks, insurers and other financial services players.
The GeoPhy data management platform collects, verifies, and structures data streams for the entire property market, working in partnership with the Ordnance Survey, Land Registry and other resources of raw commercial property data. Buildings are ranked using a unique GeoPhy scoring system, delivering consistent and objective analysis essential for assessing asset quality, location and the market as a whole. The GeoPhy platform is overlaid by powerful modelling, analytical, extraction and visualisation tools to enable users to drill down into the property data issues that matter to them.
Teun van den Dries, CEO of GeoPhy, said: “We’re thrilled to be launching in the UK, which we see as a logical next step for expansion after The Netherlands, and represents a huge and exciting new market for GeoPhy. We already have high levels of interest from banks, pension funds and others who see the potential of our technology to derisk the commercial property market and inform their investment decisions and we now look to build on that. Our ultimate aim is to provide an objective quality rank for every building in the world.”