PARIS, May 6, 2024
/PRNewswire/ -- Stonal, the leading data management platform for
real estate owners and investors in Europe, has announced a strategic investment
by Aareon, Europe's trusted
provider of SaaS solutions for the property industry, to accelerate
its European expansion.
Founded in 2017 by Michel Tolila,
the current executive chairman, and Jean-Maurice Oudot, Stonal's mission is to
deliver data quality at scale for asset owners and investors. Its
collaborative AI-powered platform extracts information from
documents and blueprints, creating an accurate and up-to-date
database on buildings open to stakeholders such as property
managers, surveyors, and insurers. Its decision-making modules
offer ESG reporting and CapEx planning to increase returns, improve
productivity and preserve value.
Since its inception, the company has quickly expanded into
residential and commercial real estate. In early 2024, Stonal
launched its proprietary StonalGPT, the first generative artificial
intelligence solution designed for real estate owners and
investors, establishing itself as one of the pioneers in this
field.
Robin Rivaton, CEO of Stonal: "The real estate industry, both
residential and commercial, is at a crossroads. AI is a massive
opportunity to reshape the sector in a remarkable way, but it still
requires a significant amount of data on which to train these
systems. Thanks to the strategic partnership with Aareon we will
reach such a scale and accelerate our European expansion."
Aareon is the trusted provider of SaaS solutions for the
European property industry. With locations across France, Germany, the
Netherlands, Spain,
Sweden, and the United Kingdom, Aareon serves 13,000 customers
totalling 18 million units.
Harry Thomsen, CEO of Aareon:
"Investing in Stonal is a strategic step to strengthen our "Aareon
Sustain" product portfolio and amplify our proficiency in AI
technology across the Aareon Group. With an expected uptick in the
need for robust data management solutions, this collaboration not
only reinforces the existing partnership between Stonal and Aareon
in France but also equips us to
meet our customers' needs and deliver unrivalled innovation and
operational excellence."
Aareon's investment in Stonal reflects the growing appetite of
the real estate sector for technological solutions that enable it
to address the major challenges it faces, applying to both larger
companies and smaller ones. Expanding ESG expectations, increased
CapEx for greener properties, stringent building safety
regulations, higher vacancy due to remote work for offices, all
converge in the context of high interest rates. The capacity to
evaluate risks and make well-informed decisions promptly is now
more crucial than ever.
Stonal was advised on this deal by Lazard, Aareon by
Vulcain.
About Stonal
Founded in 2017, Stonal is the leading
data management platform for real estate owners and investors in
Europe. It helps more than 130
clients, REITs, insurers, housing organisations, asset managers,
family offices, to manage a combined portfolio of more than 200
million sqm (including 1.6 million housing units) across all
Europe. With 150 employees, Stonal
is present in France and the
UK.
Contact: Perrine ABRARD, Stonal
CMO Perrine.abrard@stonal.com
About Aareon
Aareon is Europe's trusted provider of SaaS solutions
for the property industry, leading the charge towards a digital
future. Passionately committed to connecting people, process, and
property, Aareon brings the ecosystem closer together. Our Property
Management System, powered by smart software solutions, promotes
efficient property management and maintenance, enabling superior
digital experiences for everyone involved. In our continuous
pursuit of innovation, Aareon remains the industry's reliable
partner, inspiring positive change for sustainable spaces for
all.
With a dedicated team of around 2,000 professionals, Aareon
achieved pro forma revenues of €410 million and a pro forma
Adjusted EBITDA of €137 million in 2023.
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