Equiem acquires British Land’s Vicinitee tenant portal

Tenant portal Equiem will expand into 157 buildings across the UK including London’s flagship office towers The Shard and The Gherkin after the Melbourne-founded company acquired the software platform of FTSE-listed British Land for an undisclosed sum.

British Land, which owns or manages a £13.7 billion ($24.5 billion) portfolio of office, retail and mixed-use assets, will take a stake thought to be between 5 per cent and 10 per cent in Equiem as part payment for the Vicinitee platform, joining existing shareholders including co-founder Lorenz Grollo and the Rich List Tarascio family, Aconex founders Leigh Jasper and Rob Philpott, and institutional investor Perennial & Regal.