In the week of February 9, AI anxiety hit Wall Street. Companies in financial services, software, logistics, and real estate all experienced share price turbulence based on fears of AI disruption (the ‘AI Scare Trade’). While we understand that many people view the rise of AI with apprehension, at JLL Spark we have always viewed AI as a pivotal opportunity for commercial real estate (CRE).
Our latest post in the JLL Spark investor series is a feature on Sean Wright, JLL Spark’s Investment Principal covering the EMEA region. Originally from the United States, he is based in Germany where he has lived and worked for many years. His investment career began in private equity before becoming an entrepreneur and eventually moving into venture capital.
JLL Spark’s Sean Wright speaks with Global Corporate Venturing at their Rising Stars and Emerging Leaders awards ceremony.
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.
It’s 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, we’ll talk about how to structure a CVC unit to achieve maximum value for the parent corporation.
