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Equiem Acquires British Land's PropTech Arm

Equiem Acquires British Land's PropTech Arm
26 April 2021
 

British Land has sold its property management software platform, Vicinitee, to Australian PropTech company Equiem.

Vicinitee software solutions are currently deployed across more than 150 properties in the UK, including internationally renowned trophy assets: Broadgate, Kings Cross, The Shard, The Gherkin and The Scalpel – and used by major landlords and managers: Blackstone, Argent, British Land, Knight Frank and Savills.

The platform streamlines property management operations and facilitates communications between property owners, occupiers and contractors.

The deal will see Vicinitee’s additional property management functionality integrated into Equiem’s platform and available to its Australian clientele.

 

“There are two things that have become even more critical for landlords as a result of the pandemic - strengthening tenant relationships, and driving operational efficiencies. This acquisition allows Equiem to meet both of those needs, in one platform, and significantly expands our scale and addressable market. 

–Gabrielle McMillan

 

CEO, Equiem

Gabrielle McmILLAN

Picture: a photograph of Gabrielle McMillan. Image Credit: Equiem 

 

Equiem and British Land’s Growing Partnership


The partnership originated after British Land engaged Equiem to roll out its tenant experience platform across its 28m sq ft portfolio. The rollout began with Broadgate, a 32-acre campus, which includes the new 100 Liverpool Street building, considered one of the most tech-forward innovative office spaces in the UK, and, later this spring will continue with a launch at Paddington Central, British Land’s 11-acre mixed-use campus which sits beside the Grand Union Canal and Paddington station.

Gabrielle McMillan, CEO of Equiem, commented: “There are two things that have become even more critical for landlords as a result of the pandemic - strengthening tenant relationships, and driving operational efficiencies. This acquisition allows Equiem to meet both of those needs, in one platform, and significantly expands our scale and addressable market. The acquisition of Vicinitee triples our UK business and increases Equiem’s global footprint to circa 500 buildings and over 100 million square feet of commercial real estate”.

Sally Jones, Head of Strategy, Digital, and Technology at British Land, added: “We’re proud of the exceptional service and value Vicinitee has delivered to property owners over the past decade. The role of data and technology in creating great places for our customers and their people is now more important than ever. Our partnership with Equiem is a natural step forward to offering the highest levels of service and experience to everyone across the property management chain. This acquisition creates an unmatched value proposition that we believe clearly defines Equiem as a market leader and preferred partner of landlords globally.”

"The ability to deliver property operations and tenant experience solutions through an integrated platform significantly enhances customer experience by bringing multiple functions together into a single interface, simplifies the workflows for property managers and connects the data necessary to provide a 360-degree view of the customer relationship. Data-driven decision making is the future of real estate.”  

Picture: a photograph of The Shard 

Article written by Ella Tansley | Published 26 April 2021

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