DekaBank is acquiring a 12% stake in Berlin-based proptech company Architrave, the leading provider of intelligent data management for the real estate industry. As an Architrave customer, Deka Immobilien will also make use of the company's artificial intelligence technology for automatically identifying and sorting property documents and extracting content from documents. Architrave provides digital real estate management solutions with a central platform to manage and control all data, documents and processes. As an industry pioneer, the proptech company uses next-generation technologies such as machine learning and artificial intelligence to create an automated data platform for all processes in the real estate value chain.
"The digital products and services provided by Architrave are an ideal solution that allow us to greatly simplify the document-related processes in our real estate business. Our investment also helps support the cooperative approach Architrave uses to establish an industry-wide data standard for property documents in the real estate industry."
Burkhard Dallosch, Managing Director of Deka Immobilien.
"Having Deka invest is a milestone for us, and a major show of confidence in our company. We look forward to working together to further develop the Architrave AI robot DELPHI and actively promote digitalisation in the entire real estate industry."
Maurice Grassau, CEO of Architrave.
As part of the Real Estate Data Summit (REDS), Deka Immobilien is working with seven other asset management companies to promote uniform data standards in the real estate industry. In the summer of 2018, the members of this network developed a binding list of document classes, based on a standard index prepared by gif (Gesellschaft für Immobilienwirtschaftliche Forschung e.V.). The aim is to use open classification standards to make exchanging data easier for the entire industry.
Using uniform data exchange for property data to increase efficiency is a topic that is becoming increasingly important as many real estate companies strive to digitalise.
The new "Standard for setting up a real estate data room and document management system V2.0" by gif (Gesellschaft für Immobilienwirtschaftliche Forschung e.V.) was prepared in close cooperation with a number of portfolio holders, IT service providers and associations.
The aim of the standard is to create a uniform document classification for portfolio and sales data rooms and document management systems (DMS). Having a standardised system creates a basis for using modern technologies such as artificial intelligence (AI) and enables new data storage and data and document exchange techniques to be used in the industry.
Deka Immobilien played an important role in this initiative: it already established a storage system based on document classes and attributes in 2012, which is now being harmonised with those of other parties using the standard.
Deka Immobilien is also one of the founding members of the digital real estate management initiative IDIM (Initiative Digitales Immobilienmanagement). Digitalisation does not just mean replacing paper documents with computer files or filing cabinets with servers. The established workflows and standards used in the entire real estate industry are undergoing massive change. The IDIM initiative acts as a think tank, aiming to ascertain the requirements of the industry and the effects of the transformation, as well as actively participating in the design of digitalisation processes.