LPC acquires stake in proptech leader Equiem

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Lincoln Property Company (LPC), one of the largest full-service real estate firms in the United States – owning and managing over 400 million square feet of office space – has made a strategic investment in global workplace experience technology leader, Equiem.

Post-COVID, providing comprehensive digital experiences to occupiers in Class-A commercial buildings has become essential, with landlords placing a greater focus on tenant relationships, experience, communications and data.

ERIC ROSEMAN

Eric Roseman, Vice President, Innovation & Technology
Ventures with LPC commented, “We see tenant engagement and in-building
technology experience critical to the future of office.

“We have worked with many of the tenant engagement providers
in the space and were most impressed and delighted with the Equiem experience.
We’re excited to continue to expand our adoption of their platform. ”

Gabrielle McMillan, CEO and Co-Founder of Equiem said “We’re delighted that a group with the scale and operating expertise of Lincoln Property Company is now an investor in, and strategic partner of Equiem. We’re incredibly proud of the work we have done over the last 10 years to pioneer a shift in the way landlords and operators interact with and service their customers.

GABRIELLE McMILLAN

“It’s a complex mix to get it right, and as we transition
into offering a broader workplace experience platform, having a strategic
partner like LPC — who sees the value we can bring to their teams, tenants and
partners — creates an exciting win-win.”

The LPC partnership comes off the back of strong growth for
Equiem’s US business which reported 70 percent growth in contracted revenues
last quarter.

 McMillan, who is
based in New York said, “North America is a critical market for Equiem and I’m
really pleased with the strong team we’ve built here and the track record for
execution we’ve developed.

“There is a lot of noise surrounding ‘real estate tech’ or ‘proptech’,
but as landlords are making decisions about the right technology platforms and
partners, they are looking to Equiem based on our deep understanding of real
estate, global scale and the maturity and depth of our team and platform.”

Equiem is the largest global workplace experience platform
company and in the USA the firm’s growing customer list includes LPC, Unico,
Nuveen, Lionstone, Endeavour, Spear Street Capital, Pembroke, Adams & Co,
Stockdale, Rising Realty and others with the platform live in over 100 large
USA office towers and operations spanning 15 cities and 12 states.

LPC plans to bring Equiem as a unique solution to its
various partnerships and services. Founded in 2011, Equiem operates in
Australia, the USA, the UK, Ireland and Canada.

This partnership with LPC builds on momentum for Equiem
globally, which last month announced the acquisition of Vicinitee and a
partnership with British Land, the largest REIT in the UK.

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