Average rents in London’s prime market were steady in last year

Knight Frank | April 05, 2019

Average rents in the prime London markets have been steady in the 12 months to March 2019, the latest lettings data analysis shows. In the prime central London market rents increased by 1.1% year on year and in the prime outer London market they were up by 0.6%, according to the report from real estate firm Knight Frank. On a quarterly basis, however, rents were more or less flat, unchanged in the prime outer London market and down by 0.2% in the prime central London market.

Spotlight

Real estate investment requires strategic asset allocation to maximize returns. Learning the asset allocation process helps improve portfolio performance.

Spotlight

Real estate investment requires strategic asset allocation to maximize returns. Learning the asset allocation process helps improve portfolio performance.

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BROKERAGE, REAL ESTATE INVESTMENT

Lessen Acquires Global Facilities Management Provider Blue Skyre IBE

Businesswire | April 20, 2023

Lessen, the premier tech-enabled, end-to-end solution for outsourced real estate property services, announced today a strategic acquisition of Blue Skyre IBE, a global facilities management solutions provider. This acquisition allows Lessen to extend its offerings in facilities management and Environmental, Social and Governance (ESG) solutions, as it continues to pursue its vision of bringing unparalleled operational excellence and efficiency, enhanced services and advanced technology to commercial and residential real estate—all under the direction of a single, unified platform. Blue Skyre IBE Chief Executive Officer Maureen Ehrenberg and Chief Strategy & Product Officer Colette Temmink will join the Lessen leadership team. Ehrenberg is now president of Lessen’s commercial division, which was formerly the commercial division of SMS Assist, acquired by Lessen in January 2023. Formerly CEO of Blue Skyre IBE, as well as a co-founder, Ehrenberg is an internationally recognized real estate industry business leader, with more than 35 years of experience in business process transformation, strategic positioning and operations of large, complex portfolios. Before co-founding BSI, she was the Global Head of Strategic Real Estate Operations for WeWork. Her previous experience also includes being International Director and Global President of JLL Integrated Facilities Management Services; Global Head of Integrated Facility Management at CBRE, and Executive Vice President of Grubb & Ellis Company and President and CEO of Grubb and Ellis Management Services, Inc. Ehrenberg was named to the Woman of Influence Hall of Fame by Real Estate Forum/Globe St. Temmink is Chief Operating Officer of the commercial division. "This acquisition advances our goal of providing a game-changing, tech-enabled service model for the entire real estate ecosystem,” said Jay McKee, CEO of Lessen. “Lessen and Blue Skyre share a vision of leveraging technology to help shape the future of real estate for a better world, solving pain points, and replacing complexity with transparency and operational efficiency backed by data-driven insights. With this most recent acquisition, Lessen is uniquely positioned to transform commercial and residential real estate to the benefit of all the stakeholders.” Added McKee, “I’m thrilled to welcome Maureen and Colette to the Lessen family. Their experience, industry track record and expertise will be invaluable as we continue to broaden our reach into commercial facilities management.” As president of Lessen's SMS Assist Commercial Division, Ehrenberg will drive business strategy and manage overall resources, partnerships, and operations to provide the most advanced and innovative integrated facilities management operating platform for commercial properties. Ehrenberg is focused on growing the enterprise client space, creating additional value, operational advances and savings for existing customers and bringing frictionless, fluid and ESG-focused operating solutions to the market, challenging the status quo. “Leading Lessen’s commercial business division is an incredible opportunity to drive breakthrough innovation in facilities management,” said Ehrenberg. “The market is calling for a new business model for facilities management solutions; clients seek comprehensive data integration, real-time performance management, portfolio resiliency, service excellence and operationalizing ESG—all of which Lessen delivers through its advanced, integrated digital operating platform.” As Chief Operating Officer, Commercial Division, Temmink is responsible for leading service delivery and operational excellence in the day-to-day support of clients. Most recently Chief Strategy & Product Officer at Blue Skyre IBE, Temmink has also served as Senior Vice President and Chief Administration Officer at Apollo Education Group and held global real estate executive roles at Cushman & Wakefield, Oracle and Boeing. She is a renowned speaker and thought leader on corporate real estate, facilities management, ESG and PropTech. Temmink is the co-chair of the International Facilities Management (IFMA) ITC, a top-rated faculty for the MCR Capstone CoreNet course and serves as an editorial board member for the Corporate Real Estate Journal. “Facilities management has been going through a transformation and Lessen has been at the forefront of this change,” said Temmink. “Delivering value, quality, predictive and efficient services to clients while providing real-time business insights is critical. 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REAL ESTATE TECHNOLOGY, MORTGAGE AND LENDING

BatchService introduces list building platform with industry-first property and owner data offerings

PRweb | March 17, 2023

BatchService, a leading real estate data and SaaS provider, has introduced the first list building tool that allows businesses to build custom property lists and enrich them with the most accurate contact information on the market–solving the problem of solution fragmentation. From real estate to marketing services, ListBuilder is designed to give businesses on-demand access to industry-leading property, owner and contact data. “We’re excited to help businesses leverage property and owner data to improve targeting, increase marketing performance, and drive growth,” said BatchService CEO Jesse Burrell. “As a real estate investor, I remember having to jump between multiple platforms to get quality data. It led to a lot of wasted time and money. This solution eliminates that waste and improves deal potential tremendously. We believe it’s a game changer.” Developed to meet the needs of businesses of all sizes and industries that use property data, ListBuilder is a self-service platform with transparent pricing, real-time results, and a host of custom list building capabilities. In-depth data – With more than 180 property, owner, and financial filters, there are millions of combinations to help users build targeted lead lists Quick lists - With 35 of the most popular search filters–including absentee owner, high equity, tired landlord, and more–users can create custom lists in minutes Right-party contact data – Enrich property lists with the most accurate and complete property owner contact information on the market Marketing flags – Supplement property lists with buyer and seller intent data, including mortgage information, demographics, life events, and more On-demand access – With no monthly fees and instant results, customers only pay for the data they need when they need it Founded in 2018, BatchService offers a suite of real estate software and data services to help businesses in and around real estate find targeted leads, market more effectively, connect with property owners, and close more deals. The company’s technology solutions are powered by industry-leading property and owner data that’s enriched by data science, proprietary algorithms, and a data verification loop. ABOUT BATCHSERVICE BatchService is a real estate data and technology company. At BatchService, we provide visibility into real estate assets through real-time property intelligence, empowering real estate professionals to better identify opportunities and directly engage with property owners, investors, and agents. BatchService provides a suite of tools to manage client records, organize lists, comp properties, and surface investor insights. Our developer-friendly API endpoints fuel innovation for the proptech ecosystem.

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REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT

HqO Partners With Savills to Reshape the Workplace of the Future for Corporate Occupiers

Globenewswire | May 17, 2023

HqO, the world’s leading workplace experience platform, today announced a strategic partnership with Savills, North America’s largest tenant-focused advisory firm. The partnership will enable Savills to provide its clients the ability to demonstrate the value of real estate through unique, actionable insights into connecting with and empowering employees, increasing flexibility in the workplace, and reimagining how the modern workplace enhances productivity and community. HqO and Savills – both renowned for their steadfast commitment to advocating for occupiers across the globe, as well as for their cutting-edge technology, market data, and workplace insights – formed the alliance in an effort to best advise corporates navigating a real estate ecosystem that is currently experiencing a generational disruption. “Savills modern and differentiated approach to translating data and market intelligence into actionable insights for occupiers across the globe, coupled with HqO’s position as a proven leader in the tenant experience space, makes this strategic alliance mutually beneficial for both parties,” said Sarah Dreyer, Executive Vice President, Information, Technology and Digital Strategy at Savills. Due to the firms’ respective areas of expertise, the partnership will allow Savills and HqO to empirically demonstrate which layouts, amenities, and workplace programs drive employee engagement and maximize the ROI of every dollar spent on office space. The partnership will provide granular visibility into how employees experience and interact with their workplace. In turn, corporate leaders will be able to evaluate and optimize their office performance to reimagine a modern workplace that enhances productivity, promotes community, and energizes employees. “The last three years have radically transformed how people connect with each other and the places they work. Being able to activate those trends from users to physical real estate properties is mission-critical today,” said Chase Garbarino, Co-Founder and CEO at HqO. “Savills shares the same vision as HqO, and the overall belief that the future of the workplace will be driven by their experiences. This partnership represents the significant shift in overall mindset towards customer-centricity for the first time in the larger commercial real estate industry.” About Savills Inc. Savills helps organizations find the right solutions that ensure employee success. Sharply skilled and fiercely dedicated, the firm’s integrated teams of consultants and brokers are experts in better real estate. With services in tenant representation, workforce and incentives strategy, workplace strategy and occupant experience, project management, and capital markets, Savills has elevated the potential of workplaces around the corner, and around the world, for 160 years and counting. For more information, please visit Savills.us. About HqO HqO, ranked No. 75 on the Inc. 5000 list, is transforming how people connect with each other and the places they work. The HqO Workplace Experience Platform makes it easy for companies and commercial property teams to create modern workplaces through world-class amenities and services that allow people to thrive and produce the best results. Active in over 250 million square feet in 25 countries, 57% of the Fortune 100 rely on HqO to enhance their workplace experiences, improve employee satisfaction, and drive operational excellence.

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