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Bangalore, July 14

Cambridge Solutions has announced that it has signed a memorandum of understanding with real estate firm Cushman &Wakefield and its application service provider subsidiary BIGeREALESTATE Inc. Under the terms of the MoU, BigE, Cushman &Wakefield and Cambridge will jointly develop a new technology platform for real estate management.

The product will cover areas such as portfolio management (lease administration, document management), workplace management (call centre services, maintenance scheduling, preventive and predictive maintenance), project management (project finance, bidding, vendor management and more) and space management (occupancy analysis, allocation plans).

Cambridge will assume the overall management responsibility of BigE and purchase a stake in the firm. "As a co-owner with Cushman &Wakefield in BigE, we expect to create a nice niche application that will do more for existing and prospective clients," said Mr Dilip Keshu, Chief Strategy and Corporate Development Officer, Cambridge Solutions.

More Stories on : Alliances & Joint Ventures | Real Estate & Construction | Software

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