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GENERAL PROPERTY

JLL and Lendlease pick five proptech startups

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JLL and Lendlease have handpicked five proptech startups to join its accelerator programme, Propell Asia.

Propell Asia is an industry-first collaboration between JLL and Lendlease. The programme received many applications from start-ups across Asia.

Lendlease and JLL said the five startups were based on the commercial viability and scalability of their idea. The chosen offer a good mix of solutions for office and leasing, construction productivity, facilities management and Internet of things (IoT) platforms.

The five start-ups are:

  1. GorillaSpace: an online marketplace for flexible and long-term workspaces. For individuals and businesses, the platform provides tools that enables them to find workspaces quickly and to make better decisions based on transparent information. For workspace owners, the platform enables them to manage their inventory much more efficiently.
  2. Lauretta.io: a proptech start-up that uses AI to automate the facilities management process. By applying machine learning to the management of physical infrastructure and manpower resources, property managers can transform their role from operators to service providers, to ultimately enhance the value and security of the facilities under their management.
  3. Logfront: an IoT-powered facilities management platform that provides the tools and intelligence to improve service provision and reduce costs. Using sensor analytics and machine learning, Logfront monitors the usage patterns of a facility and optimises maintenance frequency and deployment of field service workers.
  4. Nucon: an intelligence engine specially tailored for the construction industry. Nucon provides machine learning services such as context-aware image analysis, speech recognition, dynamic translation, and conversational experiences. Its platform-as-a-service model provides businesses a building block for data analytics and modern applications.
  5. Talox: a Software-as-a-service (SaaS) leasing and asset management platform designed primarily for landlords and agents of commercial real estate. By digitising and automating the entire workflow of leasing corporate office spaces, Talox enables landlords to use the captured data to improve the performance and profitability of their assets, and agents to provide more proactive leasing representation and faster deal execution.

Lendlease CEO Asia Tony Tombardo said the diversity will bring innovative ideas and use cases to the field of real estate.

“Our goal is to help unlock their potential and provide an accelerated pathway for them to validate, commercialise and scale their solutions,” he added.

JLL Asia Pacific chief operating officer Albert Ovidi said Propell Asia is a compelling opportunity for startups to access the entire real estate value chain – including investment, development, construction, brokerage, consulting and facilities and property management – and opportunities to test and validate their products.

The teams will undergo a 10-week fast-track learning programme customised to the maturity and property focus of each startup.

There they will be mentored by the industry’s leaders, including:

  • Julian Kwan, CEO and Co-Founder, InvestaCrowd
  • Anthony Chow, co-founder and CEO, Igloohome
  • Joanne Ormandy, CIO, Greater China, JLL
  • Anuj Nangpal, JLL Spark, Asia Pacific
  • David Hutton, Managing Director of Development, Lendlease
  • Richard Kuppusamy, Digital Integration Manager, Lendlease
  • Yuet Whey Siah, Co-founder and CEO, Drea.sg
  • Bill Lee, Group Managing Partner, Azendian Solutions
  • Vikas Kaushal, Head of Strategy & International Business, Foyr
  • Steve Melhuish, Co-founder and Vice Chairman, PropertyGuru Group
  • Magnus Ekbom, Chief Strategy Officer, Lazada Group
  • Stephanie Chai, CEO and Founder, TheLuxeNomad.com
  • Craig Hewett, Co-Founder and COO, Wego

Anthony Chow, co-founder and CEO of Igloohome, one of the mentors of the programme said, “The diverse real estate systems in each country are a real challenge for start-ups, so I’m glad that JLL and Lendlease are bringing their ecosystems together, along with committed mentors, to offer guidance and expertise.

“With Propell Asia, start-ups will be able to leverage these collective resources to get a leg up in the growing proptech scene in Asia.” Chow said.

Meanwhile this week, Colliers this week selected 10 entrepreneurs globally for its 2018 program.

The companies selected have expertise in commercial datasets for occupiers and investors, flexible office space, big data, analytics, artificial intelligence, just to name a few.

Australian Property Journal