Urbanise and PICA sign 10-year Partnership Agreement

Urbanise & PICA sign 10-year Partnership Agreement

Urbanise.com Limited (Urbanise) (ASX:UBN) and Prudential Investment Company of Australia Pty Limited Group (PICA Group) have signed a 10 year $16M partnership agreement to deliver the Australian strata management industry a broad range of new and innovative services. This announcement marks the most significant technology investment in Australian strata management history.

Urbanise’s cloud-based technology solution will let PICA Group build a technology infrastructure which will support the broader residential and commercial property services sectors. As part of the partnership, the companies will also build Australia’s first shared property services platform.

PICA Group is Australia’s largest strata management company, operating 15 well-known brands including Body Corporate Services (BCS), Mason and Brophy, NSW Strata, Dynamic Property Services, GK Strata, and Strata 3 across New South Wales, Victoria and Queensland.

PICA Group will use the Urbanise Industry Cloud strata module to manage its portfolio of more than 200,000 lots. The companies will partner to deliver an expanded range of property related solutions including facilities management, repairs and maintenance services to PICA’s more than 350,000 tenants. The platform will include specific solutions for property owners such as self-service web portals and mobile apps. PICA Group is also piloting Urbanise’s remote asset monitoring sensor technology at a 5,000-lot community in Sydney.

PICA Group and Urbanise plan to establish a shared property services platform to provide outsourced IT services to the Australian strata industry, which incorporates more than 2 million lots nationwide. The platform will enable strata management professionals to outsource their back office financial and technical operations to improve efficiencies.

Greg Nash, Managing Director and Group CEO, PICA said, “After an extensive review of technology options from Australia and overseas, we concluded that Urbanise offered PICA the most comprehensive solution. The platform’s scalability and technology roadmap aligns with our vision for the broader strata industry. Cloud-based solutions will become fundamental to professionalising strata service delivery in the future. PICA and Urbanise are at the forefront of driving this industry change.”

Urbanise’s Global Head of Strata David Bugden added, “Urbanise is implementing the entire product suite for PICA – Strata, MyCommunity, CRM, service delivery, mobile workforce, e-services and facilities management. This platform will enable PICA to enhance customer service levels, optimise workflows and introduce new services to their growing customer base. We have an exciting vision for the strata industry and we are delighted that PICA has partnered with us to transform the domestic and international strata market.”

About PICA

PICA is a national property and financial services group and a joint venture between Irish based financial services company FEXCO and Nippon Kanzai Co., Ltd – Japan’s leading property management and engineering services company. PICA is a diverse group with interests in a wide range of businesses, its core being the strata and community title scheme management industry in which it is the market leaders. PICA has over 600 staff, 28 branch offices and a portfolio of 200,000+ lots across 11,000 strata schemes including residential, commercial, resorts, and mixed-use properties. www.picaust.com.au

About Urbanise

Urbanise is the creator of a cloud-based platform for delivering building and property management services. Designed for service providers, the Urbanise Industry Cloud software-as-a-service platform is transforming the traditional engineering approach to building operations – improving customer service, removing operational costs and enabling new revenue streams. Urbanise technology is used in some of the tallest towers and most prestigious communities around the globe. www.urbanise.com

For further information contact:
Urbanise: Katie Paynter +61 417 057 243
PICA Group: Tanya Manyan +61 466 351 363