Hammerson accelerates tech push with proptech tie-up

img

Shopping centre specialist Hammerson has partnered with Concrete, a proptech start-up platform which invests in and supports promising technology start-ups in the property industry.

 

Launched by leading specialist tech start-up investor, Seedcamp, and real estate venture capital and private equity firm, Starwood Capital Group, Concrete aims to identify and work with start-ups that address key challenges across property development, leasing, asset management as well as acquisitions and disposals.

‘The partnership with Concrete provides us with a unique opportunity to gain a deeper insight in emerging technologies and take our leading approach to innovation a step further,’ said Kathryn Malloch, group product innovation manager for Hammerson.

‘Working with ambitious prop-tech businesses allows us to support their growth while at the same time offering us creative solutions and a fresh way of approaching challenges to the retail sector.’

Hammerson joins Concrete as its strategic retail partner, bringing expertise and knowledge of the retail industry. Alongside other strategic partners including JLL, Skanska and Fora, Concrete has succeeded in bringing together several leading businesses, and has already made 10 investments to date.

The partnership is already working with companies including Hubble, an online workspace platform and Beaglie.ai, a legal artificial intelligence company.