JLL Launches Real Estate Investment Vertical
The initiative will be spearheaded by Anuj Nangpal, a real estate industry veteran and a specialist in M&A, private equity, corporate advisory and investment banking
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India’s largest and leading international property consultancy JLL India has announced the launch of its new independent Real Estate Technology Investment vertical to invest in start-up or growth-stage companies developing innovative and disruptive technology solutions specific to the real estate sector.
According to Anuj Puri, Chairman & Country Head, JLL India, the purpose of this vertical will be to invest into early-stage companies - or start-ups - which can potentially disrupt the real estate business with brand-new thinking, backed by sound, workable technology. "With this investment vertical, JLL has its eyes trained on Geographic Information Systems, Visualisation and Augmented Reality, Artificial Intelligence, sustainable energy, water efficiency, smart commercial buildings, Smart City tech applications, property Management technologies, data analytics, home automation and – on a broader level - the Internet of things,” Puri said in a statement.
The initiative will be spearheaded by Anuj Nangpal, a real estate industry veteran and a specialist in M&A, private equity, corporate advisory and investment banking, the statement said. As Head – JLL India Real Estate Technology Ventures, he will have strategic oversight of the newly-launched investment vertical and will work closely with JLL’s various business lines and financial partners to deploy seed capital into the identified firm, it said.
“Given its global network and deeply-entrenched business reach in the real estate sector, JLL is uniquely positioned to provide technology start-ups with a platform to make a significant difference to the real estate industry and deliver corresponding value to its financial partners. A strategic partnership with JLL will allow these companies an opportunity to scale up as well as explore the application of the technologies in global markets. The Firm is investing into the future of Indian real estate”, said Nangpal.
This will be an independent investment entity which will focus on enhancing the value of its equity holdings in the target firms. JLL will also explore the potential of working with private equity funds and financial institutions to make even larger investments, if needed.
“Typically, an early-stage company needs anything between $100,000 to $2 million to go from proof-of-concept to growth in a period of around 12-18 months,” said Nangpal. “JLL’s proprietary capital, along with its strategic partners, will finance this cycle. In the first 12-18 months, we plan to invest in approximately 10-15 such early- stage companies. Given the Firm’s very strong balance sheet, there is limitless scope for such investments.”
The investment entity has announced its maiden investment into Foyr.com, a cutting-edge technology platform for visualizing real estate spaces. Foyr’s patent pending technology offers developers the ability to market their developments and allows customization of interiors on the fly.
“Foyr’s unique technology has global appeal, and the advancements they have made in AR/VR are globally competitive and scalable,” said Puri. The investment vertical expects to announce three further investments before the end of 2016, the company statement said.