We are a technology focussed real estate investment management firm, which is buying commercial real estate to optimise through the usage of technology in order to hold it on a long-term basis.
Furthermore, co-working and co-living service providers take on the risk of voids and lease the entire building from us in order to rent out small and packaged workspaces or living spaces with a higher margin. The extra effort of creating a community, analysing optimal usage of space and facilities pays off. These communities of the building and also the environment around the building are digitised and grant access to services and facilities in order to control them via an app. A community, which is then interacting with the app also reports any defects or actions, which has to be taken immediately. So, the property manager can act immediately, which then can be seen by us as the asset manager as the software is interoperable and transparent.
For the commercial real estate market, we have decided to not only work with property managers or brokers for the task of reletting a building, but are also using technology to optimise the process.
On the one hand tenants in search of new premises can still contact our business partners. Hence, they have a large database of potential clients to match with our buildings.
On the other hand we use new digital online marketplace platforms, which provide transparency and bring the tenant to us directly. It is now possible to rent out retail or logistic spaces on a short-term basis. The residential and hospitality sector are merging and are providing furnished apartments. These are apartments in the residential sector, but provide amenities such as furniture or a concierge like a hotel.
New digital marketplaces are offering us the possibility to rent those furnished apartments on a monthly basis. So, they are focusing on business travellers, who have work to do in a different location, but do not want to stay in a hotel for months. This increases the profit from us and our investors.
Hence, those digitised marketplaces are the best platforms to use for us, our property managers and our tenants. These marketplaces do not only provide data and information, which lead to the perfect match, but they can go one step further by providing the possibility to view the place digitally through virtual reality before physically conducting the viewing. This increases the reach to customers beyond geographic limitations and have even pursued customers to rent a place without physically viewing the premise.