LPP implements proptech solutions in over 1,600 stores

09
Jun
2022
News - LPP implements proptech solutions in over 1,600 stores #CEE #LPP #proptech #retail

by Property Forum | Retail

LPP, the biggest clothes manufacturing company in Central and Eastern Europe and owner of the Reserved, Mohito, House, Cropp, and Sinsay brands, is implementing Singu FM, a facility and maintenance management software from Velis Real Estate Tech. The system will be deployed across the LPP’s brand sales network of over 1,600 stores in 20 countries.


“At LPP, we focus on the constant expansion of our retail space. As a leader in the use of new technologies, we also want to be the best in the operations management field, which is possible thanks to the use of appropriate PropTech solutions,” said Błażej Biernacki, Stores Maintenance and Operation Manager, LPP. “Because the sales network of LPP’s brands is large and dispersed across many countries, we needed software that can standardize and improve our everyday processes. For our management board and real estate team, one of the core values of Singu FM implementation is that gathered data in the system enables us to see our operations from a big picture perspective. The software has already been implemented and configured in over 1,000 stores in just three months. This rapid implementation is the result of effective cooperation between the teams of both companies.”

LPP decided to implement Singu FM software for facility and maintenance management in over 1,600 stores in 20 countries for example the United Kingdom, Germany, Poland, the Czech Republic, and Romania. The system enables the company to establish facilities benchmarking, standardization, and automation of processes as well as instant communication between managers, subcontractors, and employees of stores. The software supports planned cost management, central reporting, and other property-related processes. One of the objectives of Singu FM implementation is also to reinforce LPP in the ESG activities, i.e., environmental (E), social (S), and governance (G).

”Velis Real Estate Tech is focused on further development and global expansion, and it is consistently following this path, which is confirmed by the cooperation with such market leaders as LPP.” highlighted Adam Penkala, Board Member, Head of Marketing and Global Expansion Department at Velis Real Estate Tech. ”An important part of the real estate portfolio in which we implement our own Singu software are retail chain stores. Acquiring such projects shows that our technology works well in them and provides great value to the real estate managers as well as employees of stores.”




New leases

  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.
  • Yareal Polska has expanded the commercial offering at its flagship SOHO mixed-use development in Warsaw’s Praga-Południe district, securing three new lease agreements totaling nearly 500 sqm of ground-floor retail space. The developer has strengthened its tenant roster by signing pet supplies retailer Maxi Zoo, ceramics workshop Alike Pottery Studio, and coffee distributor Unroasted.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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