(PRWEB UK) 5 December 2012
Real estate information, data and news provider CoStar is set to shake-up the UK commercial property market with the launch of its “revolutionary” CoStarGo iPad app.
Already hugely successful in the US, CoStarGo will bring up-to-the-minute information on 400,000 commercial properties across the UK to the fingertips of estate agents and other professionals across the country.
CoStarGo is the mobile access point for CoStar Suite – the firm’s industry-leading desktop-based inventory of commercial property data.
In tandem with CoStar Suite, GoStarGo has already transformed the way real estate professionals in the US work whilst on the road, and CoStar UK director Stephen Court believes its impact will be similarly far-reaching in this country.
He explained, “The CoStarGo iPad app is now coming to the UK and we expect it to have an immediate impact with CRE professionals following our launch.
“A common response was that it was the first time the real estate industry had seen anything that opened up business out on the road in such a helpful and liberating manner, with common phrases being ‘game changer’, ‘awesome’ and ‘revolutionary’.
“It offers instant access to the full inventory of CoStar data while out of the office. That instant information enables property professionals to be empowered while out in the field.
“That is key because it means time is no longer wasted chasing back to the office to get information. Professionals can talk straight to clients there and then and contact other agents or clients as soon as you have seen an opportunity with all of the data and information needed to hand.”
The entire CoStar Suite package (including CoStarGo) will be rolled out fully in January, but Mr Court revealed a few lucky UK clients are already getting to grips with a preview version of the product.
He said, “Our soft launch in November leads to a full launch starting in January. There are already a large number of current clients using the new premium products, plus a sizable list that our team is lining up to train during December and January.
“We have spent 80,000 hours of software development time in re-engineering the CoStar Suite data package for the UK market and, with our 150 researchers in Glasgow enhancing and enriching our inventory and database, we are confident that it is ready to launch into the UK market.”
He added, “It is a significant advance on anything that has been seen in the UK. At the same time we will be continuing to provide the current FOCUS information system alongside the new products.
“Essentially CoStar Suite offers a premium product that provides deeper data and a fuller inventory as well as an analytic suite which allows us to manipulate our data to provide commentary on individual markets, whether that is offices in Birmingham or retail in Yorkshire.”
CoStar Suite and CoStar Go will be launched industry-wide beginning from January of next year. For more information contact info(at)costar(dot)co(dot)uk
NOTES FOR EDITORS
CoStar Group is the world’s leading provider of information services to commercial real estate professionals in the United States, and now in the UK.
Agents, owners, surveyors, developers, retailers, investors, lenders, valuers and many other industry professionals rely on CoStar’s suite of web-based services for access to the most comprehensive availability and deals database.
Having established itself in the US as the main information provider, CoStar first entered the UK commercial property market in January 2003 by acquiring FOCUSInformation Limited and, a year later, the Scottish Property Network (SPN). This positioned it very strongly at local, regional and national level for office and industrial availability, as well as research.
In December 2006, CoStar also acquired Paris-based GRECAM, hence signaling its expansion into Europe.
In February 2007, with the further UK acquisitions of Propex, a unique online trading platform and data exchange for the commercial property investment community, and Shopproperty, the largest database of retail availability, CoStar was unequivocally established as the leading source of Commercial Real Estate Information in the UK.
PPR was acquired by CoStar in 2009. PPR Europe has a team of dedicated, multilingual and highly experienced individuals harnessing experience from financial sector, major property advisors and the academia
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