JLL Technologies group will accelerate proptech innovation

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JLL has announced the formation of JLL Technologies, a new business division to align and expand its technology and digital initiatives, while accelerating innovation for its investor and occupier clients. 

 

Longtime Silicon Valley veterans Mihir Shah and Yishai Lerner, who have led JLL Spark since 2017, have been named to oversee JLL Technologies and will join the company’s global executive board.

'JLL is embracing technology to meet the needs of clients today and anticipate the opportunities of tomorrow. We are reshaping the future of work and the built environment,' said Christian Ulbrich, JLL CEO.

'Mihir and Yishai bring a growth mindset to JLL Technologies. Under their leadership, JLL is positioned to be a global leader in real estate technology,' Ulbrich added.

JLL Spark was created to accelerate the adoption of technology in commercial real estate. The $100 mln global venture fund has invested in 14 proptech startups around the globe to date.

JLL Spark will now become part of JLL Technologies, along with the teams that create digital products and services for the company and its clients. As co-CEOs of JLL Technologies, Shah and Lerner will continue to report directly to Ulbrich.

'We are leveraging technology to increase the value and liquidity of the world’s buildings while enhancing the happiness and productivity of those who occupy them,' said Shah, co-CEO at JLL Technologies. 'We look forward to adding new talent, technology products and partnerships in the months ahead.'

'Taking a data-driven, technology-first approach is key to building value for our clients and shareholders, and, with the rise of technologies like machine learning, artificial intelligence, IoT and software automation, there is enormous opportunity to achieve better outcomes,' said Lerner, co-CEO at JLL Technologies.

'Some truly breakthrough research, innovative product development and cutting-edge consulting is happening across JLL. By aligning efforts and leveraging the best from the ecosystem, we can have an even greater impact,' Lerner concluded.

 

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