Since Propsnap's launch in May a number of household names, including several Fortune 500 companies, have signed up as members taking advantage of Propsnap's features that substantially increase the speed of transactions, easing the process of disposing and acquiring of property in challenging and emerging markets.
Elliot Lewis, portfolio manager of Real Estate GE for the Middle East and Africa and one of Propsnap's users, says: "This platform is a long time coming. Corporates have talked about partnering with other multinational corporations in challenging and emerging markets; Propsnap provides this forum and more."
Ian Lawrence of Propsnap comments: "Propsnap is changing the way in which surplus commercial properties are brought to the market by major occupiers at a national and international level. It is doing this by enabling corporate occupiers to confidentially list and promote surplus properties within their global portfolios, for free, to their counterparts in other multinationals. In addition to these occupier-to-occupier introductions Propsnap allows corporate real estate professionals to rapidly obtain detailed information and reports on individual properties and markets, enabling them to benchmark costs."
He adds: "It is not just those working in international markets that can benefit from Propsnap, as developers, investors and property consultants can now all take advantage of the powerful analytical and search tools. This presents them with a major competitive advantage by reducing transaction time and overheads."
