Commercial real estate technology conference and data company CREtech has acquired London-based FUTURE PropTech, Europe’s largest events company also devoted to the real estate tech sector.
The acquisition is part of a new global expansion strategy as CREtech aims to build the largest international PropTech community.
The real estate industry is the biggest business sector in the world according to global GDP and the emerging tech sector has resulted in over 7,000 funded start-ups and over US$25bn in investments in 2019, doubled from 2018.
Founded by Gary Chimwa (pictured right) in 2015, FUTURE PropTech has doubled in size every year since its inception.
“Acquiring FUTURE PropTech represents the beginning of our company’s global expansion strategy and there is no better place for us to start then in Europe,” said Michael Beckerman, CEO, CREtech (pictured left). “I have been an admirer and supporter of Gary’s since the formation of his company. The quality of the FUTURE PropTech brand, their terrific team and extraordinary conferences are unparalleled in Europe. It is a great honour to welcome FUTURE PropTech to the CREtech family and to continue to build the preeminent global real estate tech conference and data brand,” he added.
“We are extremely excited to be joining the CREtech family,” said Chimwa. “This is a significant milestone for our young company and it will provide us with the resources to expand internationally at a much faster rate. Our combined company will allow us to offer our sponsors, exhibitors and delegates a truly global platform.”
Upcoming 2020 events from the combined CREtech and FUTURE PropTech platform include:
- 22-23 April – CREtech Spring, Austin
- 13-14 May – FUTURE PropTech, London
- June 2020 – CREtech Trailblazers, Napa Valley
- October 2020 – CREtech Fall, New York