What's happening in development?
Stockland starts accelerating
The Stockland Start Up Accelerator has identified 12 start ups for its first program. Chosen from over 500 nominations, these first program participants span a wide range of ‘PropTech’ (property technology) startup solutions aiming to create better connected communities. Successful start ups can receive $38,000 in start up funding and up to $500,000 in follow-on funding. Read Article
Lendlease increases the entertainment factor in retailing
Lendlease has recognised the need to increase the experiential nature of shopping by incorporating a High Ropes Adventure course into its Sunshine Plaza redevelopment on the Sunshine Coast. By mid-2019, Sunshine Plaza will be home to the first outdoor high ropes course at a major regional shopping centre in the country and the world’s largest ropes course on poles. It will include a 22metre-high viewing deck, 150 challenges and 16 zip lines, with the longest one at 130 metres across Cornmeal Creek. Read Article
Property industry starting to catch up after being late to the tech party
Its taken a while but property developers and real estate operators are finally turning to Big Data to improve their businesses. Some are using analytic platforms to study their own mountains of operational data, tracking repairs and renovations in real time so they can predict and optimize future outlays. Others are using analytics to spot financial risks and predict how a property’s performance might be affected by seemingly un-related events. Still others are using new tools that enable them to visualize the effects of changes in zoning regulations.
After ranking close to the bottom on spending on data and analytics in 2016, the property industry jumped into investing in Prop Tech, spending US$5 billion in 2017. Read Article
What are the tech trends for 2019?
With the year drawing to a close it is useful to hear what the experts think will change next year. This compilation of predictions from 31 successful international executives gives you some insight on what they think will be different in 2019. Read Article