Real Estate Researcher IPD Bought for $125m

Investor support software provider MSCI has acquired London-based property benchmarking and market research firm IPD Group for around $125m (£78m).

Founded in 1985 by Rupert Nabarro and Ian Cullen, IPD (Investment Property Databank) provides intelligence for the property investment industry, including real estate performance analysis, market indices, research and market information, and events and training.

The firm operates across 32 countries, has more than 320 employees and for the year ended 31st December 2011 had revenues of $47.7m (£29.7m). MSCI says the acquisition is part of its 'core strategy' to provide investment decision support tools to institutional investors.

Nabarro (pictured) adds: 'Our aim has always been to make IPD a truly global provider of real estate data and analytics, providing trusted benchmarks for the industry and developing real estate as a global asset class. MSCI's acquisition of IPD will help us reach these goals, while maintaining our real estate expertise and the well-established IPD brand.'

Web sites: www.msci.com and www.ipd.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.