A new proptech online engine has been launched to help eliminate the growing problem of development finance for SME developers by providing a Sales Guarantee to purchase new homes built by SME housebuilders.
Technology & software solutions
HARNESS Data Intelligence, a specialist in CRE digital transformation, and EG, an provider of data, news and analytics products and services for the commercial real estate market, have worked together to develop an new tool called ‘PDF Instant Upload’, as part of the EG Radius product.
Lee Baron successfully pilots MRI Software’s Contract Intelligence solution to digitalise lease abstraction processes
Lee Baron, a specialist property management firm, has successfully piloted the AI-powered MRI Software Contract Intelligence solution as a risk-mitigation tool to automate the abstraction of information from leases and validate against operational data.
LGIM Real Assets (Legal & General) is investing in digital infrastructure as part of a further roll out of its Capsule flexible workspace model at 120 Aldersgate, London EC1.
CHAOS raises EUR1.5m to help real estate investors sustainably invest in the future growth of cities
Finnish proptech platform CHAOS has closed a EUR1.5 million funding round led by sustainability-focused Swedish investment firm Nidoco with Angel investors Kai Keituri, Tapio Heikkilä, and Stefan Lindberg also participating.
HARNESS Data Intelligence has secured a place on the PwC Scale | PropTech Programme, run in partnership with GrowthBuilders.
Developer Avanton has launched a new video collaboration with a property agent on popular social media platform TikTok. Bringing US-style marketing techniques to the developer’s flagship scheme Coda in Battersea, Avanton is delivering a series of apartment tour videos with the Corban Group to showcase the GBP120 million development to a new audience.
By Richard Morris, Director at technologywithin – Cutting-edge technology is no longer simply a nice-to-have for commercial real estate (CRE) offerings. Outlining his Ten Point Plan to deal with climate change, the Prime Minister recently highlighted the role of tech in achieving the UK’s new energy ambitions, and CRE landlords should think seriously about investing in this tech to provide a platform for post-pandemic prosperity.
NREP, a Nordic real estate company, has entered a partnership with Spacemaker to adopt a new technology based on artificial intelligence (AI). The ambition is to develop more customer-centric, effective, and sustainable real estate, and a first case hints at the potential: 6 per cent more apartments and significantly more hours of sun- and daylight.
The alternatives and offshore business is gathering momentum in Tokyo as industry players witness growing demand and as government initiatives begin to bear fruit. This trend has led to changing technology needs as managers seek to accommodate global investors and adapt their infrastructure.