CBRE acquires an Australian business, and Savills Singapore teams up with two others. Image: Canva.
  • APS Maintain is part of BSA Limited, Australia
  • Three way partnership between Savills Singapore, Real Estate Analytics, and LanciaConsult
  • The three companies will develop a new real estate tool for residential property

Two recent deals will see some of the world’s largest real estate companies boost their property management capabilities, and another sing from the data is king hymn sheet.

Savills Singapore partners with Real Estate Analytics and LanciaConsult

Three Singaporean companies have joined forces to develop a new real estate tool that leverages data to provide views far beyond the usually available two-dimensional approach.

Real Estate Analytics is Asia’s leading real estate data and artificial intelligence company, and LanciaConsult is a leading Singaporean consulting firm. Real Estate Analytics also recently acquired SoReal Prop.

The offering promises to revolutionise decision making in the residential development industry through the creation of an end-to-end data ecosystem – with a foundation of accurate live time data collection, through data processing and data humanisation for practical purposes in the real estate markets.

The offering will be able to determine and rank key drivers in developer land pricing and unit sales.

“There’s ample data in the marketplace, be it from URA or other sources; and most advisors are able to give a two- dimensional view of what’s happening in the market, but there has never been a multi-dimensional tool that accurately determines the best price to bid for land, identifies ideal unit sizes and mix and launch price optimization,” said Chris Marriott, CEO, Southeast Asia, Savills.

“‘REA Developer Suite’ harnesses data intelligence to deliver this uniquely accurate tool that places the user ahead of their competition.”

“We are excited to provide groundbreaking artificial intelligence and predictive technology to our experienced clients and Partners, offering innovative solutions to dramatically improve productivity in the Real Estate industry,” said Jean-Michel Paul, CEO of Real Estate Analytics.

“LanciaConsult has been working extremely closely with Savills and Real Estate Analytics, who both have a formidable prowess in the real estate industry. Combining Savill’s presence and experience, REA’s unique technology, with our own 10 years plus entrepreneurial consulting in the region is incredibly exciting,” said Jeffrey Cronkshaw, CEO of LanciaConsult.

“The REA Developer Suite fundamentally changes the game for property development pricing for the sector and we are already having strong positive market reactions,

CBRE set to acquire part of BSA Limited, Australia

The world’s largest commercial real estate company has announced a definitive agreement to acquire the Advanced Property Solutions Maintain business of BSA Limited, Australia.

On completion of the acquisition, APS Maintain, a technical services specialist, will operate as part of CBRE’s Global Workplace Solutions (GWS) business in Australia. APS Maintain significantly expands CBRE capabilities to self-deliver a full suite of integrated, highly specialised technical services and projects across Australia, including HVAC, BMS, Fire, Electrical and Mechanical.

“Client demand for highly specialised technical expertise to enhance building maintenance and energy management has never been greater. APS Maintain will enable us to unlock significant savings and bring greater value to our existing customers and expand our reach into new sectors,” said CBRE’s Thomas Mineo, Managing Director, Pacific, GWS | Local.

Tom Mineo, CBRE Managing Director, Pacific, GWS | Local. Image: Supplied.

Mark Dunn, Executive General Manager, APS Maintain, said: “This acquisition aligns with our respective values and commitments to continue world-class innovative technical services to our clients.

“We look forward to joining the CBRE family and leveraging their global scale and service offering, we know we have the right partner to grow our business and provide the best possible outcomes for our clients.”

This acquisition is expected to close in the coming months.

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