• 120 assets moved to Architrave’s Lifecycle Dataroom
• Selection of Architrave after intensive selection process
• Art-Invest Real Estate and Venture Capital Investor BitStone Capital acquire a 5 percent stake in Berlin-based PropTech
• Asset invetory on Architrave platform rises to 3,900 properties with a total value of 80 billio euros
Köln / Berlin, 3 September 2019. Berlin-based PropTech Architrave has won Art-Invest Real Estate as a new client for its asset management platform. In the future, the object documentation of around 120 Europe-wide properties of the asset manager will be managed in Architrave’s Life-Cycle Data Room. In addition, Art-Invest Real Estate and Bitstone Capital hold a minority stake of five percent in Architrave. The parties agreed not to disclose the amount of the investment.
Maurice Grassau, CEO of Architrave, comments: “With Art-Invest Real Estate we have been able to win one of the largest project developers in Germany for our product. This is a major step towards our goal of a unified industry solution. BitStone Capital’s strategic investment also fits in perfectly with our strategy of closing small minority shareholdings with companies that play a leading role in the German real estate industry through their financial strength and digital innovation. Apart from that, Art-Invest Real Estate, Bitstone and Architrave simply share the same DNA.”
Dr. Ferdinand Spies, Managing Director and COO at Art-Invest Real Estate, explains: “The decision in favour of Architrave was preceded by an intensive due diligence process. After an extensive requirements and market analysis, Architrave was able to assert itself. With the highly secure, fast and user-friendly solution, we have found a very good tool for an intelligently sorted document and data stock as well as for efficient processes”.
Kai Panitzki, Managing Partner of Bitstone Capital, explains the decision to invest: “Architrave is ideally positioned in PropTech, has a successful business model and a clear roadmap to bring the real estate industry successfully into the digital age. The investment underlines the desire to accompany and support the company on this path in the long term”.