Latest news with #Lendlease
Business Wire
a day ago
- Business
- Business Wire
VTS Activate Multifamily Becomes the Global Leader in Resident Experience Technology, Achieving Record Adoption Among Top Landlords
NEW YORK--(BUSINESS WIRE)-- VTS, the industry's only technology platform that unifies owners, operators, brokers, and their customers across the real estate ecosystem, today announced record adoption across a number of key metrics for its resident experience solution, VTS Activate Multifamily. The announcement comes as a number of major landlords have recently selected VTS Activate Multifamily as their resident experience solution of choice, marking significant growth for VTS and a spike in metrics across the board, bringing the total number of users on VTS Activate Multifamily to nearly 600k, in over 400k residential units, across 5 countries and 3 continents globally. Major residential industry players such as Lendlease, Habitat, and Stonehenge, among others, have all selected and deployed VTS Activate as their resident experience solution of choice for properties across their portfolio. VTS Activate Multifamily provides owners and operators with a new solution to fully integrate and elevate their on-site experience in multifamily properties – increasing resident satisfaction and equipping teams to best serve them. With in-app resident and property insights, multifamily teams understand what resonates with residents and take action to strengthen their communities, increase efficiency, and secure renewals to generate and protect revenue. VTS Activate Multifamily was created as a singular ecosystem to connect property teams and residents to each other and the building, and facilitates tasks such as opening doors, work orders, registering guests, managing packages, rent payments, amenity reservations, communications, and more. In-app communications give residents a direct connection to their community, which can notify residents about things such as events, promotions from nearby retailers, property updates, and more at their fingertips. For a single building or across a portfolio, VTS Activate Multifamily has the unique ability to scale and grow alongside owners and operators of apartment and condo communities, single-family rentals, student housing, and senior living. 'Multifamily owners, operators, and property teams face unique challenges in how to best serve residents with a best-in-class experience. The right data and insights, as well as technology to facilitate the daily journey of residents through a property, are now essential for multifamily companies to continually attract and retain residents,' said Nick Romito, CEO of VTS. 'Innovative residential companies recognize the importance in providing their staff and residents with a seamless property experience, while also benefiting from deepened relationships, and unparalleled insights to help teams understand their residents, how they're using space, and the value they get from it – generating more revenue through renewals and lower vacancy rates.' With built-in operations features and sophisticated tools to deliver the right communications, content, and experiences to the right audience, VTS Activate Multifamily delivers a seamless and personal end-to-end experience at scale, driving engagement and increasing property satisfaction. Through insights that measure sentiment health and activity, multifamily operators and property teams can best anticipate needs of residents, navigate renewals, and deliver value through a tech-enabled experience, meeting the demand of residents in today's multifamily market. 'As our teams continue to focus on delivering the best possible lifestyle experience for our residents, VTS Activate Multifamily has proven to be an invaluable tool for building management, resident engagement, and relationship development,' said Michael Carson, Chief Technology Officer at Habitat. 'This resident experience platform, powered by VTS, offers a sleek, branded interface for residents and streamlined workflows for our staff. The result is increased resident satisfaction and improved operational efficiency — both of which contribute to higher renewal rates and greater revenue generation.' Beyond insights, access control, and operations management, VTS Activate Multifamily delivers sophisticated marketing capabilities that allows property management to create highly configurable, branded programming across their spaces and resident network to curate a sense of community. With events, perks, content, communications, and more, the experiences and offerings delivered to residents increase engagement and revenue. For more information on VTS Activate Multifamily, visit our website, and our interactive experience. About VTS VTS is the industry's only technology platform that unifies owners, operators, brokers, and their customers across the commercial and residential real estate ecosystems. In 2013, VTS revolutionized the commercial real estate industry's leasing operations with what is now VTS Lease. Today, the VTS Platform is the largest first-party insights and collaboration engine in the industry, transforming how strategic decisions are made and executed by real estate professionals across the globe. With the VTS Platform, consisting of VTS Lease, VTS Market, VTS Activate, and VTS Data, every stakeholder in real estate is given real-time market information and workflow tools to do their job with unparalleled speed and intelligence. VTS is the global leader, with more than 60% of Class A office space in the U.S., and 13 billion square feet of office, residential, retail, and industrial space is managed through our platform worldwide. VTS is utilized by over 45,000 professionals and over 1.2 million total users, including industry-leading customers such as Blackstone, Brookfield Properties, LaSalle Investment Management, Hines, BXP, Oxford Properties, JLL, and CBRE. To learn more about VTS, and to see our open roles, visit
Yahoo
3 days ago
- Business
- Yahoo
Sydney Fish Market redevelopment to deliver 1,500 homes
The New South Wales (NSW) state government in Australia has fast-tracked the redevelopment of the old Sydney Fish Market site at Blackwattle Bay, which is set to deliver more than 1,500 homes. This acceleration comes after a rezoning initiative that aims to unlock an additional 320 homes in the precinct. The project includes a 7.5% affordable housing contribution, ensuring these homes remain affordable in perpetuity. The Rezoning Proposal, enabled by the NSW Government's State Significant Rezoning Policy, has amended the Sydney Local Environmental Plan 2012 to increase residential floor space. This move is part of a broader effort to revitalise the harbour foreshore and address the exodus of young people from Sydney due to high housing costs. The development will offer new homes near transport links, with over half of the Blackwattle Bay precinct becoming open and accessible to the public. This includes a 1.1-hectare waterside park and a waterfront promenade that completes a 15km foreshore walk from Rozelle Bay to Woolloomooloo. Infrastructure NSW is in the process of selecting a development partner through an open and competitive expression of interest. Lendlease, Mirvac, and Stockland are the three shortlisted developers expected to submit their proposals next month. The state government aims to start the project as soon as possible, with a focus on public spaces along the waterfront. Upon completion, the site will offer housing, commercial spaces, retail, and cultural experiences. The first new homes are anticipated to be built by 2028, with construction expected to continue for another six to eight years. Meanwhile, Powerhouse Parramatta, the museum project in NSW, has reached a significant milestone, achieving its full 75m height. The project's steel exoskeleton, which constitutes the majority of the 12,000 tonnes of steel used, allows for seven column-free exhibition spaces. Two spaces are already being prepared for exhibits. Powerhouse Parramatta, set to attract two million visitors annually, represents a cultural infrastructure investment by the NSW Government. The Neilson Foundation has donated A$5m ($3.2m) to the project, which includes naming rights for an exhibition space. The Powerhouse Museum philanthropic campaign has now raised A$65.9m, in addition to the NSW Government's A$840m investment. Construction of Powerhouse Parramatta is expected to be completed by the end of this year, with a public opening scheduled for late 2026. NSW Minister for Lands and Property Steve Kamper said: 'Today's topping out and completion of the exoskeleton marks an impressive milestone and is a clear indication of the scale and momentum behind this landmark build. "Once finished, Powerhouse Parramatta will be the largest museum in NSW, with 18,000m² of exhibition and public space - a true cultural and architectural icon for Parramatta and Western Sydney.' In April this year, the NSW Government approved a new A$139m warehousing estate in Western Sydney's Aerotropolis, marking further development in the region. "Sydney Fish Market redevelopment to deliver 1,500 homes" was originally created and published by World Construction Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
ABC News
28-05-2025
- Business
- ABC News
Queensland Performing Arts Centre project halted after worker receives static shock
Work has paused indefinitely on the Queensland Performing Arts Centre Theatre in Brisbane after a worker got a static shock. Construction company Lendlease said the worker was taken to hospital, where they were found to be unharmed and cleared to go back to normal duties. "An independent inspection also found no fault with the equipment involved," a spokesperson said. "The safety and wellbeing of our workforce remains our highest priority." ABC Radio Brisbane understands that the worker was shocked while cleaning dust on the construction site. Work was paused while safety assessments were carried out. Lendlease has not said when construction will restart, or whether it would cover labour costs for the pause. The new theatre was supposed to be finished by 2022, but has been beset with delays and budget blowouts. In July 2024 one of the wavy windows was cracked by a knuckle boom, had to be re-manufactured overseas and was replaced this month. An Arts Queensland spokesperson said Lendlease would cover those costs. "The glass remained structurally sound and has now been replaced, with the cost covered by Lendlease as part of the existing contract," the department spokesperson said. "The damage did not impact the overall construction program." The project has blown its original $150 million budget by $34 million and is now due to open to the public in early 2026. When it opens, the 1,500-seat theatre will be Australia's largest performing arts centre under one roof. Arts Queensland is due to announce the name of the new theatre by July this year.
Business Mayor
26-05-2025
- Business
- Business Mayor
A new kind of gentrification is spreading through London – and emptying out schools
T eachers at Charlotte Sharman school in south London's Elephant and Castle are on strike this week, protesting against the fact that the primary school will be forced to close at the end of term. It is one of many inner London schools facing closure as a result of a 25% drop in under-fours in some boroughs, according to the most recent census. Charlotte Sharman is just around the corner from the site of the Heygate estate, which was demolished in 2014 and replaced by Elephant Park, a development of thousands of luxury apartments, built by the Australian developer Lendlease. After the Heygate was knocked down, the school roll slumped. Elephant Park, which has won many awards for 'placemaking excellence', is seen as an exemplar of a new global regeneration industry. In place of lower- and middle-income family housing, the new neighbourhoods are typically created to include luxury apartments set in high-security privatised public space, global retail brands, pop-ups, expensive bars and restaurants, and often a university or art gallery to provide cultural capital. Today, two-bedroom apartments in Elephant Park are on sale for between £900,000 and £1m, and of the 2,704 new homes, only 82 are for social housing. Twenty-five per cent of the new homes are designated 'affordable', but since the government changed the definition of affordable in 2010 to mean up to 80% of market rent or market value, that is financially far out of reach for the majority of Londoners and their families. Alex Mees, who works for the National Education Union and is on the picket line with the protesters, says: 'They've got rid of family homes in the area and replaced them with one- or two-bedroom apartments – all the families are moving out, they should have seen this coming.' The regeneration of so many new districts, from King's Cross to the Olympic Park, is part of a larger story of the extreme gentrification of cities like London where soaring house prices are leading directly to a decline in birthrates. A study by the Affordable Housing Commission found that 13% of British adults under the age of 45 and in a couple delayed or chose not to start a family because of their housing situation – with nearly 2 million people potentially affected. But the decline is much starker in cities such as London, which are experiencing the most extreme gentrification: research showed that while the capital's overall population is rising, the numbers between the age of 25–39, the typical age of housebuying and family formation, has recently dropped by 4%, with London Councils, the body representing the city's 32 boroughs, attributing it to the shortage of family housing. Deal in Kent has been dubbed 'Hackney on Sea' thanks to the influx of millennials from London to the area. Photograph: Richard Milnes/Alamy The knock-on effects are that across the south-east, millennials are leaving London for Bristol, Brighton and seaside towns along the south coast, such as Hastings, Eastbourne or Deal. The trend for families to leave the capital is pushing up house prices in these areas and is often far from welcome, spawning the derogatory acronym DFL (Down from London), while Deal has been branded 'Hackney on Sea'. Fernanda, an architect and mother of two who lives in Hackney, described how it's not just schools, but GP surgeries and small businesses – what she calls the 'ecosystem of the city' – that are closing. 'It is getting emptier and emptier and there is a clear change in demographics happening in front of our eyes,' she says, telling me that she has been invited to two farewell picnics in the next few weeks. 'One family bought a house in Nottingham and another family are moving to Kent. It's mostly people with younger kids because they're all piled up in a small flat – my son's class is not full.' The positive rhetoric and branding of placemaking is that it transforms run-down areas into vibrant and economically successful parts of the city. The reality is that it creates sterile places, emptied of so many of the essential aspects of urban life, except the expensive activities. The city may be emptier than ever of children and families, but tables at sought-after restaurants are still booked up weeks in advance. Another category able to stay put are older people, with the census finding that the proportion of the population in every age group over 50 (except for 80-84 year olds) increased, as many of these people bought property in another era, unwittingly benefiting from huge rises in property values of up to 700%. Today, London boroughs like Southwark and Hackney are a mix of new half-empty neighbourhoods of luxury apartments, round the corner from streets of multimillion pound Georgian and Victorian homes that have soared in value alongside cramped and unaffordable private rental accommodation and a fast declining amount of social housing. The dictionary definition of sterile is 'not able to produce children or young' and children are the canary in the coalmine for what is happening to our cities. When the city is no longer able to cater to children, or the range of other diverse uses that keep communities healthy and vibrant, places don't die, but neither are they truly alive.
The Guardian
26-05-2025
- Business
- The Guardian
A new kind of gentrification is spreading through London – and emptying out schools
Teachers at Charlotte Sharman school in south London's Elephant and Castle are on strike this week, protesting against the fact that the primary school will be forced to close at the end of term. It is one of many inner London schools facing closure as a result of a 25% drop in under-fours in some boroughs, according to the most recent census. Charlotte Sharman is just around the corner from the site of the Heygate estate, which was demolished in 2014 and replaced by Elephant Park, a development of thousands of luxury apartments, built by the Australian developer Lendlease. After the Heygate was knocked down, the school roll slumped. Elephant Park, which has won many awards for 'placemaking excellence', is seen as an exemplar of a new global regeneration industry. In place of lower- and middle-income family housing, the new neighbourhoods are typically created to include luxury apartments set in high-security privatised public space, global retail brands, pop-ups, expensive bars and restaurants, and often a university or art gallery to provide cultural capital. Today, two-bedroom apartments in Elephant Park are on sale for between £900,000 and £1m, and of the 2,704 new homes, only 82 are for social housing. Twenty-five per cent of the new homes are designated 'affordable', but since the government changed the definition of affordable in 2010 to mean up to 80% of market rent or market value, that is financially far out of reach for the majority of Londoners and their families. Alex Mees, who works for the National Education Union and is on the picket line with the protesters, says: 'They've got rid of family homes in the area and replaced them with one- or two-bedroom apartments – all the families are moving out, they should have seen this coming.' The regeneration of so many new districts, from King's Cross to the Olympic Park, is part of a larger story of the extreme gentrification of cities like London where soaring house prices are leading directly to a decline in birthrates. A study by the Affordable Housing Commission found that 13% of British adults under the age of 45 and in a couple delayed or chose not to start a family because of their housing situation – with nearly 2 million people potentially affected. But the decline is much starker in cities such as London, which are experiencing the most extreme gentrification: research showed that while the capital's overall population is rising, the numbers between the age of 25–39, the typical age of housebuying and family formation, has recently dropped by 4%, with London Councils, the body representing the city's 32 boroughs, attributing it to the shortage of family housing. The knock-on effects are that across the south-east, millennials are leaving London for Bristol, Brighton and seaside towns along the south coast, such as Hastings, Eastbourne or Deal. The trend for families to leave the capital is pushing up house prices in these areas and is often far from welcome, spawning the derogatory acronym DFL (Down from London), while Deal has been branded 'Hackney on Sea'. Fernanda, an architect and mother of two who lives in Hackney, described how it's not just schools, but GP surgeries and small businesses – what she calls the 'ecosystem of the city' – that are closing. 'It is getting emptier and emptier and there is a clear change in demographics happening in front of our eyes,' she says, telling me that she has been invited to two farewell picnics in the next few weeks. 'One family bought a house in Nottingham and another family are moving to Kent. It's mostly people with younger kids because they're all piled up in a small flat – my son's class is not full.' The positive rhetoric and branding of placemaking is that it transforms run-down areas into vibrant and economically successful parts of the city. The reality is that it creates sterile places, emptied of so many of the essential aspects of urban life, except the expensive activities. The city may be emptier than ever of children and families, but tables at sought-after restaurants are still booked up weeks in advance. Another category able to stay put are older people, with the census finding that the proportion of the population in every age group over 50 (except for 80-84 year olds) increased, as many of these people bought property in another era, unwittingly benefiting from huge rises in property values of up to 700%. Today, London boroughs like Southwark and Hackney are a mix of new half-empty neighbourhoods of luxury apartments, round the corner from streets of multimillion pound Georgian and Victorian homes that have soared in value alongside cramped and unaffordable private rental accommodation and a fast declining amount of social housing. The dictionary definition of sterile is 'not able to produce children or young' and children are the canary in the coalmine for what is happening to our cities. When the city is no longer able to cater to children, or the range of other diverse uses that keep communities healthy and vibrant, places don't die, but neither are they truly alive. Anna Minton is the author of Big Capital: Who is London for? Her new book on the sterile city will be published by Penguin next year
