London residential firm invests more than £2m in real estate tech

A residential property consultancy has invested more than £2m in technology to simplify real estate lettings for customers.

Ringley, based in London, has used the money to launch Busy Living, a new platform that allows owners to monetise spaces in their buildings.

The company says that the cashless payment system will also help boost transparency over revenue flow and instant payments will reduce debt risk for both operators and tenants.

Mary-Anne Bowring, group managing director of Ringley, commented: “Our new platform aims to improve transparency, reduce cost, drive revenue and above all de-risk operations.

“The next-generation of buildings will merge multiple uses under one roof and what we are looking to do through our latest tech offering is to help better commercialise ‘live-work-play’ developments.

“There has been a shift towards operationalised real estate and the boundaries between different asset classes are blurring.

“Both residential and commercial property look to the hospitality and leisure industries for inspiration and learning, which is why our new tech is adaptable and sector-agnostic.”

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