Two tech startups team up to win Allied London deal
Tech startups PropFolio and Gleensite have joined forces to secure a significant partnership with Allied London, the real estate investor and developer behind Manchester’s Spinningfields, Leeds Dock and Enterprise City districts.
Allied London, which has been looking for the most innovative analytics platforms, will now benefit from using the combined tailored proposition covering the whole spectrum of property management and predictive analytics.
Allied London is an award-winning UK property development and investment company that is well known for creating inspiring places that dynamically change the ways in which people work and live in Britain.
Elizabeth Peckett, Head of Asset Management at Allied London, said: “We are delighted to begin the process of digitising our property data and have all the up-to-date information available in one location, rather than across spreadsheets and legacy software systems. This innovative new PropTech solution will dramatically reduce the amount of time spent on daily admin needed for information requests, enable us to easily see the performance of our portfolios and be more efficient in meetings and conversations with tenants.”
Both Gleensite and PropFolio are part of Allied London’s Exchange programme based at Department Bonded Warehouse in Manchester, which provides ambitious early-stage tech companies access to the tools and learning to succeed. The programme is already home to a range of organisations from world-leading technology to highly creative start-ups and media production studios.
Tom Cartlidge MRICS, co-founder of PropFolio, added: “PropFolio has been working closely with Allied London for some time following being chosen to be on its Exchange scale-up scheme. It is a forward-thinking real estate firm that is willing to take advantage of the new tech within the industry. The PropFolio team, alongside the Gleensite team, are very much looking forward to helping it achieve this new level of digital transformation.”
PropFolio and Gleensite have established a strong partnership to enable better data-driven decision making when it comes to commercial real estate investment and asset management. PropFolio’s platform digitalises live and historical data to provide insights and analytics of how an individual asset or whole portfolio is performing.
Gleensite has developed a self-service predictive analytics mapping software that leverages big data and AI to identify correlations and causal relations between many different data points, giving users a holistic view to understand the impact of different variables across different scales of space and time, pinpointing potential opportunities while avoiding potential downturns.
The integration with Gleensite will enable the platform to overlay the asset data with predictive modelling and actionable insights to create further value.
Daniel Kagane, CEO of Gleensite, said: “Gleensite was born out of the determination to support more enlightened decision-making by providing singular insights that can enable us to navigate more confidently in the relative darkness of space and time. We believe that, combined with PropFolio, our software has the ability to help shift from reactive to more proactive, staying ahead of the trends instead of merely trying to keep up with them.”