Commercial real estate technology conference and data company, CREtech, has acquired London-based FUTURE PropTech, one of Europe’s largest events companies also devoted to the real estate tech sector.
The acquisition is part of a new global expansion strategy as CREtech aims to build the largest international PropTech community.
The real estate industry is the biggest business sector in the world according to global GDP and the emerging tech sector has resulted in over 7,000 funded start-ups and over US$25 billion in investments in 2019, doubled from 2018.
Founded by Gary Chimwa in 2015, FUTURE PropTech has doubled in size every year since its inception.
Michael Beckerman, CEO, CREtech said:
“Acquiring FUTURE PropTech represents the beginning of our company’s global expansion strategy and there is no better place for us to start then in Europe. I have been an admirer and supporter of Gary’s since the formation of his company. The quality of the FUTURE PropTech brand, their terrific team and extraordinary conferences are unparalleled in Europe. It is a great honor to welcome FUTURE PropTech to the CREtech family and to continue to build the preeminent global real estate tech conference and data brand."
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