According to McKinsey, 98% of construction projects experience cost overruns, and the average cost overrun is roughly 28%. Against this backdrop of inefficiency, JLL Spark recently invested in PROBIS, a leading SaaS PropTech startup specializing in financial management for real estate development, aligning with JLL’s digital transformation goals in project management.
Increasing demand for sustainable buildings from tenants, investors, and regulators is leading to a shift toward greener practices and technologies across the real estate industry.
Itās no secret that the best startups get to pick their investors. Rather than desperately seeking venture money, they have multiple offers in every funding round.
In a recent blog post, JLL Spark introduced our corporate venture capital (CVC) series, and discussed why corporations establish CVC units. In the second part of this series, weāll talk about how to structure a CVC unit to achieve maximum value for the parent corporation.
