LISTEN | JLL Spark x Proptech1

What makes a property company get into tech investing? Tanguy Quero, investment principal at JLL, and Kingma Ma, head of UK at venture capital firm Proptech1, join Paul Unger to delve into the relationships between VCs and their property investment partners.

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  • JLL Spark invested $340m across more than 40 proptech startups since its launch four years ago
  • There have been two exits from JLL tech investments: investment manager tool Skyline AI was acquired by JLL itself and construction tech Honest Buildings acquired by larger rival Procore
  • Most top JLL clients are using at least one proptech solution
  • JLL’s scale means it can pilot and scale tech startups
  • We are entering ‘early majority’ stage of proptech adoption
  • Sales cycles are still very long but there are new skills coming into the industry to help
  • Who will be the winners and losers in a recession: what are the must-haves?
  • Tech will be fueled by regulation, real estate won’t be able to meet ESG standards on time at scale without leveraging technology
  • Events in proptech need to welcome founders to inject new ideas
  • Property and construction need strategy and collaboration to overcome the complexity of tech choice
  • Adoption is driven by players promoting tech and vetting solutions. These include VCs like Proptech1, accelerators, consultants

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