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PROPTECH-X ‘Proptech & Property News’: Forbury recruits in London to support UK expansion

Valuation software provider, Forbury Valuation Solutions (“Forbury”), has added two new recruits to its London team ahead of a UK expansion drive. Already well established in Australasia and Asia-Pacific, Forbury recently launched its UK operation following an extensive period of market research and beta testing.

Edward O’Hanrahan joins as sales manager, having joined from Redpath Partners, prior to which he was with Macdonald & Company. He will be responsible for driving growth across the private equity and investment management sectors.

Ryan Spear has joined Forbury as an analyst from Deloitte and will be responsible for managing customer relations across the UK subscriber base.

Forbury’s rationale is to provide speedy cash flow analysis with entry/exit yields and real-time sensitivity analysis with a focus on office and industrial properties.

This allows investors and vendors to quickly assess the value of individual properties and wider portfolios, arriving at an IRR with accompanying valuation metrics in seconds.

Forbury’s target client base will include investment and asset management houses, private equity investors and family offices. UK customers signed up to date include Clipstone and Northtree.

Pete Rose, chief revenue officer at Forbury, said: “We are firmly committed to establishing a significant presence in the UK and these two strategic hires will be integral to our launch period and beyond. With Ed’s focus on business development and Ryan’s focus on operational delivery, we are confident that we are building the right team infrastructure to support our future growth.”

With a track record spanning 15 years, Forbury is responsible for around 600,000 annual valuation calculations a year globally and has around 1500 users from organisations including Brookfield, Colliers, Cromwell, Cushman & Wakefield, GIC, JLL, KKR, Lendlease and Savills.

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