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March 15th, 2021

Our Favourite Reads
Selected articles from the (Prop)tech newsroom.

The Wall Street Journal: How Remote Work is Reshaping America's Urban Geography

While finding more space and lower costs, some American workers are turning urban hubs into "zoom-towns".
Connect National: Worst May Be Ahead as $430b of CRE Debt Comes Due in 2021

For commercial property, the worst may still be ahead, as the coronavirus pandemic played a part in the $146 billion of commercial real estate in distress

bisnow: What to do with Shopping Centers? REEF has the answer

The Miami-based signed a partnership agreement with Capital & Regional to utilise the UK's shopping malls.  

 

Deals Spotlight
Highlights from Proptech financing and M&A activity.

  • Bentley Systems acquires the Australian civil construction software E7 for an undisclosed amount. 
  • Newforma, the project management software, acquires BIM One,  to add capabilities for architects. 
  • Infarm, a Germany-based indoor farming startup, raised $100m in Series C funding from Hanaco Ventures and Atomico.
  • Plan A, a Germany-based platform for corporate carbon footprint tracking and reporting, raised $3m in Seed funding from Demeter, Coparion and SoftBank. 
  •  Ecomedes, a San Francisco, CA-based product database improving building sustainability, raised $3m in Seed funding from M12, NOVA, Mission Innovation Networks, and AM Ventures.
  •  GBuilder, the Finnish BIM-compatible software for residential and commercial developers, raised a 2m round from Amavi Capital with participation from existing investors Butterfly Ventures and Vendep Capital.

The Fortnightly Pour
Keeping things in perspective with oddities from Earth and beyond.

Bloomberg CityLab: In Nevada, a Utopian Vision Gets a Blockchain Twist

A special government entity called “innovation zones” will be required to develop any technology in these mix-use communities. 

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