About KR&A

KR&A is a European real estate consultancy firm. We offer investors, developers and financiers solutions for improved returns, and better risk management. We are experienced in valuing and assessing the outlook for listed real estate companies in Europe. KR&A advises real estate investors about strategy, operations and sustainability. We believe data analytics and the resulting information has become a competitive advantage. We offer a broad range of data solutions for real estate companies. We write bespoke research, we perform due diligence and give second opinions. We are never deal-incentivized. As a result our advice is sound, fully aligned and not clouded by a need for a transaction.


Research subscription

Our Research creates new data-based information. As an investor you understand the value of superior insights. We compare and rank listed and private property companies, based on demographics, income development, migration, competition, and other factors. We share our alternative data-sources with you. As a property company you will gain better insights in relative strengths and weaknesses. With MIFID 2 approaching you want to get ready for unbundled research.


We write bespoke research about real estate companies, portfolios, markets or scenarios that are relevant for you. We offer consultancy and sound, non-deal driven, expert advice. We offer discrete second opinions and assistance with whitepapers.

Visualizations and Dashboards

Our dashboards and visualisations offer superior views on enriched data about your property markets or assets, detailed or aggregated on a company level. As a result we create tailormade knowledge about your assets and their markets. We also predict their outlook with advanced analytics.


Real estate companies

KR&A advises clients about real estate strategies, operations, investor relations, sustainability, and equity capital markets.

Institutional investors

As shareholders in listed or non-listed real estate vehicles you need to have access to all relevant aggregated data to optimise your allocation.

Investment banks, private equity

We can immediately add significant European- and local real estate intelligence to your investment banking or private equity team.

Our clients include:



We operate with flexible teams that mix forward-looking real estate investment and datamining experience with innovative data science, computer skills, and urban design. Our backgrounds include real estate economics and finance, computer science, mathematics, architecture, design, and investment banking. We offer a broad international perspective and clients value our diverse backgrounds. An overview of our contributors can be found here.

Ernst-Jan de Leeuw has become senior advisor at KR&A in November 2017. He was previously International Director, Managing Director and REIT portfolio manager with Lasalle Investment Management.


KR&A was founded in January 2014 ​by Arjan Knibbe. Arjan has been a sell-side real estate analyst at Kempen & Co, UBS Investment Bank and ING​,​ since 1994. He is a specialist in Continental European property companies and has advised large investors​ ​about the strategies, markets, valuation and outlook of​ ​​these companies.​ ​He has been involved in a large number of equity raisings and IPOs, across Europe.​ ​​Arjan has been a member of the EPRA best practice committee​ and teaches real estate investment at the MSRE course of the Amsterdam School of Real Estate.


KR&A offers insights that are always thought-provoking and offer valuable information about real estate and data. If you are interested in the views of KR&A, please subscribe to our newsletter to get inspiring updates about our research and ideas.

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© KR&A 2018
 Vijzelstraat 68-78  ·  1017 HL  ·  Amsterdam  ·   +31611303022  ·   arjan@knibberesearch.com  ·   www.knibberesearch.com
Trade Register: 61899666  ·  VAT: NL141809553B02