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April 12th, 2021

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

The Financial Times: Investors Scrutinise "Real" Assets on Sustainability Credentials.

There’s an increasing ESG scrutiny in real estate investing from investors and fund managers to meet their targets.  

Bloomberg: Old Golf Courses are Becoming eCommerce Warehouse

Demand for industrial, big-box facilities hit a record in North America last year due to the surge in online shopping. 

Wall Street Journal: 2020 Real Estate Losers Starred in their First Quarter

Q1 2021 comeback for shopping centres and hotels buildings as investors bet on the vaccine rollout can revitalise these hard-hit businesses.

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

  • Redfin will acquire RentPath for $608m. 
  • Better.com, a six-year-old, New York-based digital montage lender, has raised $500m in funding from SoftBank that values the company at $6 billion.  
  • Avvir, the AI-based construction company that spots construction site errors, raised $10m in a Series A round from Trust Ventures. 
  • Nextday Property, the English data-driven estate agency enabling customers to be chain-free buyers, raised an additional £5m from AVIV Group. 
  • Airly, the Kraków-based provider of hyper-local data about air pollution, raised $3.3m from Firstminute Capital, Expa and prestigious angels, including Garrett Camp and Markus Vilig. 
  • Dospace, the Swedish operator of co-working spaces, raised SEK 7.8m from Almi Invest.

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

Smart Cities World: UK Train Station Harvests Kinetic Energy from Commuters' footsteps.

Untapped footfall energy at transport hubs represents a real opportunity to provide a sustainable energy source.

 

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