Coyote seeks to solve real estate’s pain points at Expo Real

This article originally appeared in PropertyEU on 3 October.

Global asset managers attending Expo Real are meeting at ‘crucial juncture’ in the European office cycle and timing will be all-important in seizing opportunities, says Oli Farago, CEO of real estate data management specialist Coyote Software.

‘It’s not an easy time to be in commercial real estate, particularly on the investment and asset management side,’ Farago said on the eve of this year’s trade show in Munich.

‘Coyote is looking forward to listening to what global real estate movers and shakers at Expo Real 2023 have to say,’ he added.

‘The current landscape of high interest rates coupled with inflation has left office spaces gathering dust on the market for much longer than desired.’

Coyote, which was founded in 2009 as a tech platform to primarily help M7 Real Estate manage its office assets, was spun off in 2017 as an independent business. Today the firm works with a wide range of commercial real estate organisations to help them manage and understand the data generated by their portfolios.

Added Farago: ‘The European office market, like the US market, faces the pressure of a sluggish return to the office post-Covid. Markets across east Asia are outperforming in this respect, where cities like Seoul, Singapore and Tokyo have seen considerably greater levels of office attendance.

‘For institutional investors deciding where to allocate funds, Europe is at a crucial juncture for providing the incentives and quality space to remain competitive.’

He concluded: ‘Nonetheless, as in any period of uncertainty, asset managers have to be able to pounce if they are to be part of the market revival. The ability to assess risk and make informed decisions in a timely manner is providing more important than ever before.

‘Moreover, the need for data-driven insights doesn’t stop when the market rebounds. You will need the advantage of being able to move quickly in identifying new opportunities, competition and strategising,’ Farago concluded.

This article originally appeared in PropertyEU on 3 October.

You may be interested in…