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Apex Group has finalised its purchase of Retransform - a global real estate provider offering Proptech, Technology Solutions and Business Managed Services to commercial, retail, and corporate real estate customers - from The Annet Group.
Apex says this will "further enhance" its "ability to partner with funds throughout a fund lifecycle, and to become a single-source provider of fund services".
Commenting on the acquisition, Peter Hughes, Founder and CEO of Apex Group said:
“Retransform is delivering an intelligent solution which is a key step toward delivering an innovative and sustainable real-estate sector, in line with the expectations of a growing number of funds and a growing body of regulation. As greater numbers of individual and institutional investors choose to invest in a way which doesn’t impact the earth, and a growing body of ESG regulation makes sustainable investment easier, Retransform has an important role to play in helping the real-estate sector adapt.
“Bringing this business onboard supports Apex’s mission to deliver a smart, tech-enabled, one source solution to fund managers globally. Every industry is being reshaped by data and technology, and real estate is no exception. Retransform’s industry leading solutions, plus Apex’s expertise, will be a compelling, and unique, offer for real estate funds as we go into 2024.”
Rohan Bulchandani, Founder of Retransform and The Annet Group, said:
“After twenty-five years serving the real estate industry, we are excited to begin our next chapter at Retransform as part of Apex Group. We are joining an ambitious team who share our passion for innovation and continuous improvement.
“This will be an advantage not just for Apex’s global client list who will now benefit from Retransform, but also for our existing clients, who’ll now be plugged into the expertise and service that Apex Group offers, from offices globally.”
Apex Group and Annet are also establishing a Joint Venture to develop software in the areas of Data Analytics, Valuation, and Digital Twins for real estate, leveraging Retransform’s existing 4See™ Analytics, Valere™ and Secure™ software platforms.
Pictured top (inset): Peter Hughes.
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