- European leader in construction digitisation opens its first UK office in London despite Brexit pressures on building in Britain
- The PropTech innovator’s revenue grew by almost 300% within twelve months
- Former CEO of Conject Group, Colin Smith, becomes part of PlanRadar management team in the UK
APRIL 9th 2019. PlanRadar, the web-based application for construction and real estate projects, has launched in the UK to support and further intensify its European expansion.
For Britain, this launch has the potential to take the country out of its 20-year long productivity slump where over a third of construction projects overrun on time (40%) or budget (35%).
With its SaaS solution, the proptech firm provides the construction industry with digital construction documentation, defect and task management throughout the lifecycle of construction and real estate projects.
Using a smartphone or tablet, even when offline, the platform allows construction workers to automate the entire documentation process using interactive blueprints and floorplans, saving workers and project managers over seven working hours per week on admin time.
More than 3,500 customers already use PlanRadar worldwide to manage construction projects and real estate processes. This new London office will now allow for increased productivity, cost efficiency and time savings for British construction.
“Brexit is no reason for us not to press ahead with our role in the digitalisation of the construction and real estate industry in the UK,” explained Ibrahim Imam, managing director and co-founder of PlanRadar. “The expected bottlenecks in both construction materials and specialist personnel could even lead to significant benefits for British construction firms. They can use digitised processes and platforms like PlanRadar to raise their efficiency potential against the competition, ensure quality control and see 900 per cent ROI.”
In the last twelve months, PlanRadar has increased sales by 300 per cent and expanded its workforce to 57 employees. “In light of our dynamic development in the past year and the positive international business outlook for 2019, we have also had to move our head office to a bigger location in central Vienna to support the demand,” added Imam.
As part of this European growth, PlanRadar is expanding the Board of Directors of its recently founded subsidiary PlanRadar Limited in London with industry heavyweight Colin Smith, the founder of the proptech pioneer BIW Technologies.
Smith says of his new role: “PlanRadar has been revolutionising the way industry manages the documentation and communication process of a complete real estate lifecycle in a user-friendly way. It is at the epicentre of PropTech innovation and, as technology continues to become more sophisticated and our real estate solutions become more broader, companies in the construction and real estate industry can take a big step forward in this regard with PlanRadar.
The company continues to build upon its excellent reputation within the industry and has an ambitious growth plan in place, which I look forward to contributing towards”.
On Smith’s appointment, Imam, says: “With over three decades of experience in real estate and a respected industry figure, we are delighted to welcome Colin to the Board and it’s a testament to the exciting vision we have for the business. I look forward to working with him to help PlanRadar in the next phase of its growth”.