Birmingham Council Eyes £2.4bn Property Assets to Address Budget Challenges Dec 8, 2023 In a move to strategically manage its finances, Birmingham City Council is exploring the potential sale of assets from its £2.4bn property portfolio. This initiative is part of a broader plan to bridge an estimated £300m budget shortfall projected for the next two years. The council, currently under government intervention, is under pressure to formulate […] Posted by: Mya Driver Read more
Engineering consultant backs Proptech pioneer for next stage of growth Feb 7, 2022 Pioneering smart city design and planning platform, VU.CITY has secured Series A investment from Ramboll. The global engineering and design consultancy joins existing shareholder Grosvenor Hill Ventures, which is the technology investment subsidiary of global real estate advisory firm Savills, and GIA Surveyors to support VU.CITY’s journey to become a global cross-market platform. Over the […] Posted by: Mya Driver Read more
Hines and aparto partners with Kooth in mental health drive May 24, 2021 Hines, the international real estate firm, via its aparto brand, has become the first purpose-built student accommodation provider in the UK and Ireland to partner with Kooth Plc, to make its personalised digital mental health platform freely available to all residents. The Kooth platform provides free, safe and anonymous access to drop-in chats, counselling, content […] Posted by: Nathan Spencer Read more
Pi Labs announces duo of investors for Fund III Jul 27, 2021 Moorfield Group and Elkstone Partners investments highlight growing importance of technology in real estate They join existing LPs including GPE, Patrizia, Assura, Revcap, and Embassy Group, increasing Pi Labs’ war chest for investment into new Proptech start-ups Pioneering European PropTech VC, Pi Labs, announces two new investors who join as limited partners (LPs) into its […] Posted by: Nathan Spencer Read more
UK PropTech investment climbs to record highs in 2021 Dec 6, 2021 Investment into the UK’s property technology (‘proptech’) sector has reached record levels in 2021 and more than quadrupled since last year, as the growing sector matures. In analysing UK proptech funding round data for 2021, proptech-focused venture capital (VC) firm Pi Labs identified there has been £1.6 billion of investment into the sector so far […] Posted by: Mya Driver Read more
Knight Frank bets on Fifth Wall’s European adventure paying dividends Mar 23, 2021 Global property consultancy Knight Frank today announced it is investing in venture capitalist Fifth Wall’s $100m European Real Estate Technology Fund (ERETF). The Californian firm are hoping to accelerate innovation across European property sectors and replicate the success of its Fund I and Fund II, which were focused on investing primarily in US-based real estate […] Posted by: Mark Flanagan Read more
