Property Funds World Newsletter

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NEWSLETTER | 28 May 2020

Proptech responds to coronavirus pandemic

The focus is on technology this week with a look at a couple of developments highlighting how the proptech sector is responding to the coronavirus pandemic.

The first is a new ‘digital customer experience platform’ for The Leadenhall Building (aka the Cheesegrater), the City of London’s tallest completed skyscraper, which provides 660,000 sq ft of office space over 45 floors let a diverse mix of tenants including Aon and Amlin, Clydesdale Bank, and Banco Sabadell, as well as the building's architects Rogers Stirk Harbour + Partners.

Created by Cureoscity, on behalf of CC Land, the smartphone app is designed to support the reoccupation of the building when lockdown restrictions are eased by providing the management team with data on space usage and flow of people through the building as well as providing occupiers with information on procedures such as social distancing, building capacity and emergency contacts as well as local public transport updates via push notifications.

Workplace management software specialist OfficeSpace Software meanwhile, has launched a new tool to help organisations incorporate physical distancing into their back-to-office strategies. Distancing Planner uses advanced analytics to identify the optimum seating plan based on an organisation’s preferred distancing radius and also provides real-time visibility of an organisation’s safe seating capacity and allows teams to visualise the seating capacity trade-offs at a range of distancing intervals.

Staying with the tech theme, we also have news of the launch of Global Technical Realty (GTR), a new investment platform, by global investment firm KKR in conjunction with data centre specialist Franek Sodzawiczny. KKR has committed USD1 billion to GTR which will look to develop and build data centres for large tech companies across Europe.

We also report on a partnership between PATRIZIA and Taronga Ventures on the launch of the Real Tech Ventures Fund which will invests in companies active in proptech, construction tech, mobility, infrastructure, energy and sustainability, as well as data and IoT.

Property Funds World

Thu | 28 May 2020, 12:33

OfficeSpace Software, a specialist in workplace management software, has launched Distancing Planner, a new tool to help organisations incorporate physical distancing into their back-to-office strategy.

Thu | 28 May 2020, 12:33

Global investment firm KKR and Franek Sodzawiczny, a data centre entrepreneur and executive, has formed a Global Technical Realty (GTR), a build-to-suit and roll-up acquisition data centre platform in Europe.

Thu | 28 May 2020, 12:33

PATRIZIA AG has partnered with the Asian PropTech venture capital platform, Taronga Ventures, on the most recent close of its RealTech Ventures Fund which invests into PropTech in the Asia Pacific region.

Thu | 28 May 2020, 12:33

Allianz Real Estate has secured its first third-party client for its Luxembourg-based debt fund. Following regulatory approval, German pension fund Bayerische Versorgungskammer (BVK) will co-invest with a EUR300 million stake in a sub-fund valued in total at EUR1.2 billion alongside Allianz.

Thu | 28 May 2020, 12:33

Global investment firm KKR has acquired a strategic stake in Etche from Groupe BMF and co-founders.

Thu | 28 May 2020, 12:33

Realterm has held the final close of Realterm Logistics Fund III (RLF III) at its hard cap of USD370 million. The offering was oversubscribed on the back of strong investor demand. RLF III is the tenth fund raised across the Realterm platform.