PATRIZIA AG has partnered with PropTech VC Pi Labs and has participated in company's third fund which will invest in early stage PropTech start-ups across Europe.
Technology & software solutions
LGIM Real Assets (Legal & General) has appointed tech startup Demand Logic to monitor and enhance building performance across its property portfolio.
Fund Recs is to provide SANNE, a global provider of alternative asset and corporate services, with tailored reconciliation automation services through its Velocity fund administration software.
Private equity investor DRS Investment (DRS) has completed its third software transaction by acquiring a majority stake in software specialist Electric Paper Evaluationssysteme GmbH (EPE).
Financial Risk Solutions (FRS), a provider of fund administration software to global life assurance and asset management companies, has launched Invest|Tax for fund managers to calculate and report capital gains tax (CGT) on real estate investments for non-UK residents.
VTS, a commercial real estate leasing and asset management platform, has launched VTS Retail, a leasing platform designed specifically for the retail sector.
Round Hill Ventures, a European proptech venture capital firm, claims it is helping to close the gap between property and technology sectors by facilitating collaboration between different players in the real estate ecosystem.
Proptech marketplace Unissu.com has launched Connect, the global real estate equivalent of the TED Talk, with global real estate services business, JLL, and, real estate technology focused venture capitalist, M7 Structura, as its first sponsors.
Following the announcement of their strategic partnership in September 2019, Sanne and Colmore have now entered into the next phase of development.
Class B and C buildings, and even certain Class A properties, need to be modernised in order to be attractive to future managers and investors, according to Velis, a provider of property management software. And raising standards is also essential in terms of attracting Generation C employees in the labour market.