A new division within global real estate firm JLL will bring together its technology and digital initiatives and accelerate innovation in the commercial real estate sector.
JLL Technologies will be led by Silicon Valley veterans Mihir Shah and Yishai Lerner, who have led the $100 million global venture fund JLL Spark since 2017. They will report directly to JLL’s CEO Christian Ulbrich.
“JLL is embracing technology to meet the needs of clients today and anticipate the opportunities of tomorrow. We are reshaping the future of work and the built environment,” said Ulbrich.
Shah added that the new division is already planning its expansion.
“We are leveraging technology to increase the value and liquidity of the world’s buildings while enhancing the happiness and productivity of those who occupy them,” said Shah, Co-CEO at JLL Technologies. “We look forward to adding new talent, technology products and partnerships in the months ahead.”
JLL’s innovations include the recent release of JiLL, an AI-powered, conversational smartphone app that helps employees streamline their work and be more productive.
It also has cloud-based facility management solutions and advisory solutions that help clients leverage their real estate footprints.
“Taking a data-driven, technology-first approach is key to building value for our clients and shareholders, and, with the rise of technologies like machine learning, artificial intelligence, IoT and software automation, there is enormous opportunity to achieve better outcomes,” said Lerner, Co-CEO at JLL Technologies. “Some truly breakthrough research, innovative product development and cutting-edge consulting is happening across JLL. By aligning efforts and leveraging the best from the ecosystem, we can have an even greater impact.”