Grosvenor Hill Ventures, the proptech investment subsidiary of Savills, has acquired Cureoscity, a white label tenant and office management software provider.
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Cureoscity combines building management features – such as visitor management and environmental performance monitoring – with tools and content for tenants, including social media channels and events.
Used in buildings like London’s Cheesegrater (Leadenhall Building), the software aims to improve relationships between landlords and tenants, while providing useful data.
Savills intends to roll out the product to all “applicable sites” within its UK managed portfolio.
Commenting on the acquisition, the advisory firm cited growing demand from landlords and tenants for better workplace performance and customer experience.
Simon Shaw, chairman of Grosvenor Hill Ventures, said: “This acquisition will further strengthen the existing collaboration between Savills and Cureoscity, whilst accelerating the implementation of this technology across Savills’ managed portfolio.
Cureoscity will continue to operate as an independent business, led by existing CEO Chris Coleman-Brown and COO Aimee Rootes.
Coleman-Brown said: “This significant milestone in our story allows us to continue to scale our product and team to meet our evolving clients’ demands, increasing our product roadmap momentum and establish ourselves faster in the global marketplace.”