British Land and Patrizia back WiredScore
WiredScore has received backing from British Land and Patrizia as part of a £3.2m ($4m) fund raise.
The two investors have committed to increasing their adoption of Wired certification across their portfolios.
The digital rating scheme will use the finance to expand its global footprint and launch new products to support landlords.
WiredScore has received backing from British Land and Patrizia as part of a £3.2m ($4m) fund raise.
The two investors have committed to increasing their adoption of Wired certification across their portfolios.
The digital rating scheme will use the finance to expand its global footprint and launch new products to support landlords.
Chris Grigg, chief executive of British Land, said: “As one of the first companies to work with WiredScore in the UK, we have found their digital connectivity accreditation and advice incredibly useful. We look forward to continuing our collaboration, both in connectivity certification and working together on new products.”
Manuel Käsbauer, head of technology and innovation of Patrizia, said: “As proactive investment managers, we regard connectivity as crucial to the performance of our portfolio by helping us attract and retain tenants.”
William Newton, WiredScore president and managing director, said: “The real estate industry is acutely aware of the importance of digital connectivity and this extended round of funding represents landlords’ deeper understanding of Wired certification as a driver of asset value.”
The £3.2m in finance is an extension of WiredScore’s series A, bringing the total finance to £10.3m ($13m) from investors including Legal & General, U+I and Town Centre Securities.
To send feedback, e-mail emma.rosser@egi.co.uk or tweet @EmmaARosser or @estatesgazette
