ASX-listed Urbanise.com Ltd said on Friday it had signed a 5×5-year technology licence agreement with Crockers Body Corporate Management Ltd (Rob Macdonald) to implement its strata management platform across the Crockers strata portfolio of over 900 buildings in New Zealand.
They’ve agreed to put the platform in place by the end of this year. Under the agreement, Urbanise will receive cash payments of at least $A900,000 over the first period of 5 years.
Crockers is New Zealand’s largest body corporate management company, managing almost 18,000 strata units throughout Auckland and in other areas, and also has an extensive property division. The parties have agreed to explore ways other modules of the Urbanise property cloud can be used across the wider Crockers group.
Urbanise’s global head of strata, David Bugden, said the agreement boosted the Australian company’s expansion into New Zealand, which began in January 2016 when it signed a hosted services agreement with facilities & property management company One Place Ltd (Philip Porteous).
Mr Bugden said: “We have been impressed by Crocker’s vision for the future and their exciting growth plans, and we look forward to working with them to improve efficiencies & the services they provide to their customers.”
Crocker Group Ltd operates property management, real estate sales, body corporate management services, commercial management, rentals & market research. Crocker Group took a 50% stake in 2015 in Active Property Services Ltd (Brady & Kylee Williams), which provides building management, security & cleaning services to apartment buildings.
Crockers chief executive Tony Dangerfield said: “After an extensive review of technology options from New Zealand & Australia, we concluded that Urbanise offered Crockers the most comprehensive solution. The platform’s scalability & focus on customer-facing solutions aligns with our vision as the most innovative strata management company in New Zealand.”
Urbanise created a cloud-based platform for delivering building services & managing property-related financial transactions. The Urbanise residential property cloud was designed for strata managers, service providers & asset owners, and the company said it was “transforming the traditional engineering approach to building operations – improving customer service, removing operational costs and enabling new revenue streams. Urbanise technology is used in some of the tallest towers & most prestigious communities around the globe.”
Urbanise said it “unites e-commerce tools with service management capabilities to let building managers sell value-added services to tenants online. They can plan, deploy & sell services to thousands of building occupants in a matter of minutes, using only existing resources to generate new revenue streams.”
Joining Urbanise as chief executive in mid-August (but already listed by the company in that role on its website) is Henry Arundel, who was Asia-Pacific chief executive for UGL Services Ltd/DTZ for the 4 years before Cushman & Wakefield bought it in 2015, and facilities management executive manager for the last 18 months at Ventia Pty Ltd, the Australian company which Auckland Council appointed in June to run its maintenance services.
4 January 2016: Urbanise signs first NZ deal with FM provider One Place
Attribution: Urbanise release, Urbanise & Crockers websites, individual web listings, Companies Register.