HIH Group partners with four protech companies
- In News
- 10:31, 13 May 2020
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Germany's HIH Group has formed joint ventures with four proptech companies as part of the further rollout of its digitalisation strategy.
HIH started looking into new technologies last year after appointing Stefan Rath as team leader Real Estate and Investment Management Applications at Intreal Solutions, and Florian Schnieder as head of Strategic Data Management at HIH Real Estate.
‘Our first step was to inspect suitable concepts, review the added value they could bring and, in particular, scrutinise the solution-oriented adjustment of processes and workflows,’ says Schneider. ‘We have found the right partners and IT solutions in the shape of Coyote, Evana, Assetti and one other proptech.’
‘We have already completed the test phase for the Coyote platform, and it has been in daily use by our transaction and fund management teams since March,’ added Stefan Rath, Team Leader Real Estate and Investment Management Applications at Intreal Solutions. ‘So far the feedback from our colleagues has been extremely positive. We are also progressing well with the Assetti platform, which we intend to have firmly integrated in the HIH Group's processes by the second quarter of 2020.’
Coyote is a UK-based acquisition pipeline and asset management platform for commercial real estate. The platform’s benefits include standardised data and enhanced data visualisation, which allow potential transactions to be assessed more easily, and significantly accelerate decisions.
The integration of Assetti into the HIH Group’s processes is also at an advanced stage. Assetti is a Finnish proptech company whose platform offers a digital real estate and asset management solution. Assetti collates all property asset data into a single application, allowing asset, fund and property management teams within the HIH Group to maintain a simple and up-to-date overview of all properties.
The first wave of HIH Group properties have already been integrated into the Evana platform, with others now set to follow. The Evana platform’s AI technology allows all documents to be filed in a structured manner at the property level. In addition, the intelligent system extracts and evaluates relevant data from documents, processes and external sources.
A further partnership is in place with a Hamburg-based proptech that currently focuses on individual sub-processes at the HIH Group, such as the leasing process.