Have waited to share my thoughts on ‘The Opportunity For Proptech’ until my time with Cureoscity was done. It’s a must read for anyone working in real estate and an exceptional piece of work by Saminder (Sammy) Pahal, Melanie Leech and the PUBLIC team in terms of charting the last decade of proptech through to where we stand today.
During my time with Cureoscity we grew the business a combined portfolio of over 200 million square feet, making it, I believe, one of the most widely adopted proptech solution providers within the UK and Ireland. Given my experience and the position of privilege I enjoyed as a proptech solution provider – I wanted to share my perspectives in a bid to spark some healthy debate…
The proptech bubble is a healthy one. Even if you take the outlier headline figures of the highest of £14 billion+ investment to date and couple that with the lowest total combined turnover of £4.98 billion; Proptech is and will continue to be a highly captivating market to play in. While to date it’s all been about seizing opportunity and market share of an industry that is by its nature capitalist; we now need a more balanced approach to enable a benefit of the relative agility of the private sector. Tech by its nature is scalable and there are huge benefits that could be realised through private-to-public pro-bono initiatives.
Public-private collaboration is a gamechanger, but it now needs its very own hype cycle. We know that collaboration can work, and there’s good examples of public/private partnerships from a regeneration perspective but, also some problematic track record too when it comes to social infrastructure such as schools, hospitals and prison PFI schemes. While the recommendations are sound, I don’t feel the report talks enough to the pace of change and urgency needed to move the dial on our much needed now complex collaboration. It’s good that the newly announced London Growth Plan includes mention of the use of public procurement to shape public and private partnerships to deliver value at scale – we need this, now and with the right blend of carrot and stick to ensure it actually happens.
Can we talk about the elephant in the room? One of the biggest problems proptech faces is that it exists within and to serve an industry made up of many influential organisations and powerful individuals that are really struggling to embrace change and innovation. Control and protectionism of outdated processes, legacy systems and methodologies is that which for many makes real estate a highly lucrative market. As an industry we must do better at positively embracing all that technology has to offer. The reality is we have the tech solutions, it’s now all about collaboration and application. With all that needs to be achieved across the entire industry landscape, and particularly in addressing the private-public sector balance; it is time for systemic transformation not small, marginal gain improvements.
Is Proptech at its MiniDisc moment? For so much good that proptech has achieved to date, I do question whether it is in a position of being upended on itself? Just as the Minidisc player was for a short time the height of cool and innovation before the iPod rewrote the script; true AI adoption (even if just a pale version of the kind advocated by the likes of Antony Slumbers and James Pellatt) delivers an entirely different and seismic shift forward. Many have prophesied about the restructuring of the real estate sector and believed, including myself, that pre-AI proptech had the power to do it. We are now in a new phase, with an entirely new respect for data and ability to work and translate, like never before.
Name: Aletheia Real Estate Ltd
Address: 71-75 Shelton Street, London, WC2H 9JQ
E-mail: info@youraletheia.com
We currently collect and process the following information:
• Personal identifiers, contacts and characteristics (for example, name and contact details)
Most of the personal information we process is provided to us directly by you for one of the following reasons:
• Request for further information
• Request for meeting
• Entering competition
We use the information that you have given us in order to provide you with a good service and get back in touch with you.
We may share this information within our team only.
Under the UK General Data Protection Regulation (UK GDPR), the lawful bases we rely on for processing this information are:
(a) Your consent. You are able to remove your consent at any time. You can do this by contacting info@youraletheia.com
(b) We have a contractual obligation.
(c) We have a legal obligation.
(d) We have a vital interest.
(e) We need it to perform a public task.
(f) We have a legitimate interest.
Your information is securely stored.
We keep email addresses for as long as we are communicating with you. We will then dispose your information by deleting your email address from any database it is stored within.
Under data protection law, you have rights including:
Your right of access – You have the right to ask us for copies of your personal information.
Your right to rectification – You have the right to ask us to rectify personal information you think is inaccurate. You also have the right to ask us to complete information you think is incomplete.
Your right to erasure – You have the right to ask us to erase your personal information in certain circumstances.
Your right to restriction of processing – You have the right to ask us to restrict the processing of your personal information in certain circumstances.
Your right to object to processing – You have the the right to object to the processing of your personal information in certain circumstances.
Your right to data portability – You have the right to ask that we transfer the personal information you gave us to another organisation, or to you, in certain circumstances.
You are not required to pay any charge for exercising your rights. If you make a request, we have one month to respond to you.
Please contact us at info@youraletheia.com if you wish to make a request.
If you have any concerns about our use of your personal information, you can make a complaint to us at info@youraletheia.com.
You can also complain to the ICO if you are unhappy with how we have used your data.
The ICO’s address:
Information Commissioner’s Office
Wycliffe House
Water Lane
Wilmslow
Cheshire
SK9 5AF
Helpline number: 0303 123 1113
ICO website: https://www.ico.org.uk
Contact us today to discover how engagement can improve your place’s unique relevance and competitive place advantage by emailing us on info@youraletheia.com
The information contained in this website is for general information purposes only. The information is provided by Aletheia Real Estate Ltd and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of Aletheia Real Estate Ltd. We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, Aletheia Real Estate Ltd takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
Name: Aletheia Real Estate Ltd
Address: 71-75 Shelton Street, London, WC2H 9JQ
E-mail: info@youraletheia.com
We currently collect and process the following information:
• Personal identifiers, contacts and characteristics (for example, name and contact details)
Most of the personal information we process is provided to us directly by you for one of the following reasons:
• Request for further information
• Request for meeting
• Entering competition
We use the information that you have given us in order to provide you with a good service and get back in touch with you.
We may share this information within our team only.
Under the UK General Data Protection Regulation (UK GDPR), the lawful bases we rely on for processing this information are:
(a) Your consent. You are able to remove your consent at any time. You can do this by contacting info@youraletheia.com
(b) We have a contractual obligation.
(c) We have a legal obligation.
(d) We have a vital interest.
(e) We need it to perform a public task.
(f) We have a legitimate interest.
Your information is securely stored.
We keep email addresses for as long as we are communicating with you. We will then dispose your information by deleting your email address from any database it is stored within.
Under data protection law, you have rights including:
Your right of access – You have the right to ask us for copies of your personal information.
Your right to rectification – You have the right to ask us to rectify personal information you think is inaccurate. You also have the right to ask us to complete information you think is incomplete.
Your right to erasure – You have the right to ask us to erase your personal information in certain circumstances.
Your right to restriction of processing – You have the right to ask us to restrict the processing of your personal information in certain circumstances.
Your right to object to processing – You have the the right to object to the processing of your personal information in certain circumstances.
Your right to data portability – You have the right to ask that we transfer the personal information you gave us to another organisation, or to you, in certain circumstances.
You are not required to pay any charge for exercising your rights. If you make a request, we have one month to respond to you.
Please contact us at info@youraletheia.com if you wish to make a request.
If you have any concerns about our use of your personal information, you can make a complaint to us at info@youraletheia.com.
You can also complain to the ICO if you are unhappy with how we have used your data.
The ICO’s address:
Information Commissioner’s Office
Wycliffe House
Water Lane
Wilmslow
Cheshire
SK9 5AF
Helpline number: 0303 123 1113
ICO website: https://www.ico.org.uk
Contact us today to discover how engagement can improve your place’s unique relevance and competitive place advantage by emailing us on info@youraletheia.com
The information contained in this website is for general information purposes only. The information is provided by Aletheia Real Estate Ltd and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of Aletheia Real Estate Ltd. We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, Aletheia Real Estate Ltd takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
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At Aletheia, we believe the language we use to describe our roles in the built environment has a powerful influence on how we act, how we relate, and how we invest in the future of place. That’s why we choose to refer to those we work with not just by their job titles or commercial functions, but by the deeper roles they play in shaping, maintaining, and activating the value of property and place.
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