Grosvenor partners with innovation platform Plug and Play

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

With this operation, the real estate company plans to access new digital technologies and boost its innovation strategy.

International promoter, Grosvenor, has partnered with the global Plug and Play innovation platform to access new digital technologies and boost its innovation strategy.

Plug and Play is a platform that connects the largest companies with technological start-ups through accelerator programs. As a collaborator, Grosvenor will help in the selection of new startups that are capable of responding to business challenges.

“Digital developments have the potential to significantly impact the real estate sector, and that is why we are committed to investing in new technologies as part of our innovation strategy,” says Ian Mair, General Director of Digital Innovation at Grosvenor Group. "We really want to start working with Plug and Play to find new companies that have a positive impact and help us in our goal of improving our real estate projects," he adds.

In 2018, Plug and Play launched the Real Estate & Construction program, under which three projects have been carried out to date. The Silicon Valley-based company's program has accelerated more than 28 start-ups and made more than ten investments in technological innovation.

Grosvenor, for its part, invests, develops and manages real estate assets and funds, with special focus on European cities such as Paris, Stockholm, Madrid, and Liverpool. The company of the Duke of Westminster posted revenues of 131 million pounds (151.7 million euros) in 2018, 8.7% less than the previous year.

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

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