As the value of long-term assets depreciate and rental yields peak, asset owners focus on reducing operating costs

May Khizam, co-founder, SMARTInvest Real Estate by The Grid Media Ltd interviewed James Nicholson, Strategy Director, Towa Technologies Holdings Limited about the TOWA network that enables peers to connect in order to manage and maintain properties.

How would you best describe the solution that the TOWA portal offers asset owners?
It is a property and community management portal to streamline the management of commercial or residential units for asset owners reducing building management and maintenance costs and facilitating and streamlining transactions through the application of blockchain technologies.

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Everything has to be one window otherwise information is lost

May Khizam, co-founder, SMARTInvest Real Estate by The Grid interviewed Harri Majala, CEO, GBuilder about the ‘digital twin’ platform that is taking homebuyers on a new digital customer journey. Based in Finland, GBuilder is BIM-based web and mobile platform with 3D/VR/AR models that simplifies the communication around buying an off-plan apartment or house for both the builder and buyer.

This platform has evolved out of a family business in construction with yourself at the helm as the next gen developing and integrating technology into an industry that has been slow to transform itself digitally.
Indeed, ‘why fix it if it’s not broken’ is a difficult mindset to challenge but we have done just that by combining digitalization, CAD, project management and visualization. We had the vision. Technology is now playing catch up.

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“There is nobody that cares more for a building than the people living in it”

The Grid: You presented on technology and property management at SMARTInvest Real Estate last month. What would you like to see happen in the industry most?

Fadi Nwilati: The RE industry and PM industry are far behind on technology platforms. We still do the same things we did ten years ago including processes. Yes we as an industry are using new platforms and software but they are related to document management (e.g. financial management like invoices, receipts, budgets).

This helps back office but there has been very little or virtually nothing done to improve tenant/landlord, resident property manager and resident security communication in a building. (more…)

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