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Proptech News: The Real Estate Industry is Adopting PropTech at Vastly Different Speeds, and more!

Re-Leased 01 May 2017

This week's PropTech news looks at how the real estate industry is adopting PropTech at differing speeds, how commercial property investment is down in the UK and France, and why commercial property in Switzerland should excite you.

BRIEFING: Real estate industry adopting PropTech at vastly different speed

Provada’s real estate fair in Amsterdam included a discussion of how new technologies are being adopted and how a number of companies are responding to technological change. Delegates heard insights from PropertyEU's PropTech Briefing last week. As the world has become a fast-paced environment, new technologies are appearing every day.

Damian Harrington, director and head of EMEA research at Colliers international thinks popularity of PropTech depends on the individual sector. Traditional old school sectors are not too keen on adopting PropTech, whereas logistics, retail and hospitality might benefit from it more.

Founder and initiator of PropTechNL, Menno Lammers is convinced that PropTech indeed provides different solutions. He believes proptech offers an increase in transparency and artificial intelligence will also have an effect. For real estate agents, this is a beneficial change.

Artificial intelligence will ease the workload making people more efficient. Marc Elshof, a partner at the law firm Dentons Boekel in Amsterdam states that A.I. will not take jobs, but it will help when it comes to number-crunching along with a number of other tasks. The sector that is seeing the most benefit in new technologies is within the brokerage industry. Harrington said. ‘Brokerage services are all about adding value but how we do that will change.'

Full article here:

Commercial property investment down in France and UK in first quarter of 2017

Commercial property investment in the UK and France has been slower than expected in the first quarter of 2017. This is believed to be as a result of Brexit in the UK and the presidential election in France. Brexit has caused uncertainty amongst buyers.

European commercial property investment has reached €44.2 billion in the first three months of the year. However, it has seen a fall of 8.3% in a comparison to 2016, according to research conducted by Knight Frank.

Investment activity saw a fall of 33.2% in France and 22.1% in the UK.

The London office sector is yet to see a positive change. It is expected to recover as overseas buyers from Hong kong, China and Germany are showing interests in investment.

Germany is flourishing as the most active investment market in Europe in contrast to the UK and France as investment volume is up by 27.3% in the first quarter of 2017. Germany is seen as a stable country for investors, as highlighted by some economic surveys. The countries GDP growth makes it a very desirable destination to invest in.

Spain has also seen a positive change; as the country’s economy is improving, international investors are showing interests in property investments. Madid even passed Paris as the second most active city in Europe for investments, as London remains first.

Full article here:

Coffee shops hot property for commercial real estate owners

People in New Zealand are loving their quality coffees, which has led to a booming number of coffee shops opening. Coffee consumption per capita is at 0.94 cups a day average – which is far more in a comparison to America and Australia with Kiwis spending an average of $13.67 on coffee per week per capita.

Whilst renting is a solution for small micro roasters, bigger and more established brands might consider buying. Micro roasters are also looking to rent in suburban areas a due to lower costs.

Full article here:

Why Commercial Property for Sale in Switzerland Should Excite You

Switzerland is a hugely popular tourist destination. Tourism in the country has only increased in recent years. Property value has too gone up within the last 15 years. If you are looking for an investment opportunity, look no further – Switzerland is a very strong candidate.

Crunching the numbers within the sector, it is safe to say that owning a commercial property here has the potential for a high return of investment.

Continued growth in the tourism sector has ensured local restaurants, hotels and retailers are kept busy with a sturdy revenue flow. Tourism also brings increased property rental potential - think AirBnb.

If you are an investor looking for your next purchase, Switzerland could be the location for you.

Full article here:

PropTech Today: Google announces plans for world’s first Smart City

The world’s first digital city is about to be built by Google in Toronto, Canada. Google believes this is the way to repair excising cities and redevelop them by using technology as a tool.

However, Toronto was not the only candidate for Google’s big plans. Rumour has it that they were also considering Detroit. Unfortunately for Detroit they didn’t qualify as they’re suffering from a decline in domestic manufacturing.

What is driving Google to create these digital cities? They think this could be the solution to “save” areas that has been ignored for too long and to do this “from the internet up”.

As the largest city in Canada, why would Google still choose to build their first ‘smart city’ in Toronto? Well, despite the fact that the city is booming, it still has areas that are completely forgotten from a development point-of-view.

Google discovered an area between Toronto city centre and the stunning Lake Ontario beach front that is perfect for their experiment as it is not residential nor does it have any businesses around.

The ‘smart city’ will be designed and constructed based on connectivity and the main goal is to build the strongest digital infrastructure possible. This will require a lot of work as it must look far into the future. Roads need to last for the next 30 years’ worth of traffic and offices need to be built for people to work in that period too, which might require different settings in the future.

Changes are coming our way – and we need to accept the fact that technology is a huge part of our lives now. We cannot be certain if Google can continue building smart cities elsewhere too as it has its limitations. Nonetheless, these are very exciting times ahead.

Full article here:

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