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In a move set to shake up South Africa’s commercial real estate landscape, Dutch-based technology platform Lisa BV is launching its smart leasing platform in the country. This comes after Lisa BV acquired the core leasing technology platform from Inospace, South Africa’s largest last-mile logistics operator.
The move was confirmed by Rael Levitt, founder, and CEO of Inospace, who announced the breakthrough market entry of Lisa’s innovative proptech solution.
Under the terms of the deal, Inospace has entered into a three-year license agreement with Lisa to manage its extensive half-a-million-square-metre property portfolio. The smart leasing platform, valued at around US$20 million, has recently secured over US$2 million in funding, with Buffet Investments, led by South African property billionaire Jonathan Beare, at the helm of the funding round.
Lisa’s platform represents a significant leap forward in the proptech arena, offering a comprehensive suite of services to property owners, managers, brokers, and tenants. The platform’s core product, Lease, automates lead-to-lease processes for multi-let property companies, streamlining and accelerating transactions.
In addition, Lisa offers Market, providing automated marketing campaigns to property owners and brokers, and Engage, a tenant experience solution designed to enhance customer relationships.
“Inospace’s decision to sell its leasing-focused technology to Lisa reflects the growing demand for efficient, technology-driven solutions in the South African commercial property market,” explained Levitt. “Our smart leasing platform has transformed Inospace’s operations, allowing us to be more agile and responsive to market demands.”
Lisa’s platform provides real-time demand data, enabling property professionals to make informed decisions about leasing and asset management. With accurate demand-side data and automated marketing tools, brokers and asset managers can access premium content, including videos and floor plans, and execute deals with unprecedented speed and efficiency.
Hein Pretorius, Lisa’s CEO, expressed confidence in the platform’s rapid adoption in South Africa and key European markets. “Inospace’s success story exemplifies the potential of technology to revolutionise leasing ecosystems. Lisa’s products are poised to make a significant impact on the industry.”
Lisa’s core leasing and marketing services are already available in South Africa and are scheduled for launch in Europe in the second quarter of 2024. The Engage solution will also be rolled out in the first half of 2024, enhancing tenant experiences and strengthening customer relationships.
This move signals a significant digital shift in South Africa’s commercial real estate sector, as property funds increasingly seek out technology-driven solutions to reduce operating costs, increase rental rates, and foster closer connections with their customers. The integration of Lisa’s innovative proptech platform is expected to further accelerate this transformation, ushering in a new era of efficiency and growth for the industry.
Inospace is South Africa’s largest owner of serviced logistics parks, offering a range of spaces complemented by logistics services. With branded rental products, SME-centric offerings, and flexible leases, Inospace has become a niche sector specialist with assets under management of R3 billion.