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BOSTON-Property & Portfolio Research LLC, a locally based commercial real estate research firm has been acquired by Stamford, CT-based DMG Information, a subsidiary of the Daily Mail and General Trust, an FTSE 100 London Stock Exchange company.

According to a spokesperson for DMG, the purchase price is $18 million with “additional consideration” of up to $17 million. PPR will join DMG Information’s portfolio of real estate and risk related enterprises including: Environmental Data Resources Inc., EDR Landmark Information Group Ltd., and Risk Management Solutions Inc. DMG says that acquiring PPR is part of the company’s strategy to “become the premier provider of property risk information to the commercial real estate industry.”

Susan Hudson-Wilson, founder and CEO of PPR notes that this acquisition “marks a milestone in PPR’s growth.” She says that it will enable PPR to accelerate its growth and “fulfill the mission of the firm.” She anticipates that PPR will be able to develop additional information products with its new “sister” firms.

Martin Morgan, CEO of DMG Information, says that for his company the acquisition of PPR “will for the first time permit general market risks by property type and geographical area provided by PPR to be evaluated simultaneously with property specific risks provided by EDR. This will significantly enhance the overall risk management process in the commercial real estate industry.”

Among PPR’s clients are commercial banks, insurance companies, Wall Street firms, rating agencies, pension funds, investment advisors, real estate investment trusts, and private investors.

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