Spaceflow is one of the first Trustek Verified solutions – and one of the few selected tenant engagement technologies serving both residential and commercial real estate.
Verified Marketplace provides independent due diligence on property technology companies, streamlines the procurement process, and saves real estate an average of 30% on procurement projects. Driven by the need to help real estate cut through the noise of 10,000+ PropTech solutions on the market, the Marketplace, a directory of pre-approved property technology solutions, is searchable by real estate challenge, product type, accreditation alignment and more.
Verified aids not only real estate, but the Verified PropTech companies who benefit from a streamlined route to market, as well as valuable insights from Trustek’s consultancy team and a wealth of opportunities to work with Trustek’s client base.
Verified has been launched to empower the market to understand each product against an independent benchmark, before needing to engage with a consultant, and to match PropTech companies with the right opportunities that enable their solutions to thrive.
Of Verified, Freddie Pritchard-Smith, Co-Founder, comments: “Through our independent consultancy, we’ve witnessed first-hand the repeated struggle facing real estate; they need to innovate through technology adoption but are being met with a vast array of solutions and seemingly overlapping value propositions.
This crowding of solutions often leads to PropTech failing, not because products are poorly performing, but because they were incorrectly matched to the challenge. This mismatch is due to a lack of understanding, as well as a shortage of time and resources that are needed to thoroughly research and select new, relevant technologies.
Competitive technology procurement is a core Trustek service offering and feedback from both real estate clients and technology clients is that the RFI process is no longer fit for purpose. Verified has been launched to empower the market to understand each product against an independent benchmark, before needing to engage with a consultant, and to match PropTech companies with the right opportunities that enable their solutions to thrive.”
Verified Marketplace will make the property technology selection process more efficient and effective, removing the need for costly, lengthy, and variable RFI processes. Instead, replacing them with independently evidenced and validated standardised product reports, often with case studies, that allow for easy comparison.
Spaceflow has an independently verified report which is available to interested real estate companies on request. The report is generated from a set of standardised questions that Trustek have developed through collaborations and insights from their client base including, Redevco, Knight Frank, Colliers, Muse, Mapletree and Patrizia.