Equiem’s UK expansion reaches 10m sq ft

The tenant experience platform has confirmed seven deals in the UK, taking the company’s presence in the UK and Ireland to over 10m sq ft of commercial space in total.

The latest deals, which together comprise over 4.2m sq ft, have seen Equiem launch its technology at:

• Broadgate Quarter, London
• Nuveen’s 70 St Mary Axe, London
• Spear Street Capital’s Thames Valley Park, Reading
• Arlington’s Manbre Wharf in London, Oxford Business Park and Uxbridge Business Park
• A business park in Reading for an undisclosed client

Bronny Wilson, regional head for the UK and Ireland at Equiem, commenting on the expansion, said over the last two years there has been a “real sea change” in the commercial real estate market in the UK and Ireland.

She added: “Occupiers now recognise the importance of the workplace in helping them to attract and retain top talent, and in turn many landlords are seeking to greatly improve the environment and experience they can offer, in a bid to get ahead in the leasing market.”

Founded in Melbourne in 2011, Equiem expanded to the UK in the summer of 2017 launching first in Stratford. Since then, the company has rolled out its technology across 16 sites in the UK and Ireland, with more than 21,000 people registered to the platform across both countries.

The platform has an average of 70% of the population of each site signed up in the UK and Ireland.

In August, Equiem announced the completion of its largest ever capital raise, securing more than £7m from a number of different investors, claiming it to be the biggest single funding round reported by any commercial tenant experience technology company to date.

The funding coincided with the launch of the latest iteration of the tech firm’s platform, Equiem NEXT, the development of which was facilitated by a previous raise in 2016.

NEXT is a rebuild of the firm’s previous technology stack, which overhauled legacy systems to create a new open platform and architecture that facilitates Equiem’s future product roadmap.

The app engages over 145,000 users occupying 60m sq ft of commercial real estate worldwide. The firm’s platform helps landlords attract and retain occupiers, deliver improved tenant communication, boost onsite retail and services, and unlock additional asset value.