WeWork launches $2.9bn fund to become landlord

South Africa has a burgeoning proptech industry that is witnessing a growth of activity, with a significant number of companies demonstrating domestic and international innovation.

Co-working giant WeWork has acquired workplace services platform Managed by Q as part of its mission to ‘transform the office’ in a cash and stock deal.

The venture capital fund has opened the facility, named PropTech Place, as part of continued efforts to support the city's booming proptech sector.

The 'green giant' advisor will launch its first coworking unit, 67,000 sq ft in PwC Tower at Park District in Dallas, later this year. Park District is a new development by MetLife Investment Management and property company Trammell Crow.

Tech moves fast. Who is keeping up and getting ahead? PlaceTech editor, Paul Unger, names his Most Valuable Players that are progressing the digital transformation of real estate.