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Citibox Signs Agreements with Blackstone, Testa & Schibsted

Posted by: In: Real Estate 16 Jan 2018 Comments: 0 Tags: , , , , , , , , , , ,

12 January 2018 – Eje Prime

Citibox is enlarging its portfolio of real estate clients. In recent weeks, the Spanish proptech, which specialises in the installation of parcel collection lockers, has signed contracts with the US investment fund Blackstone, as well as with the Socimis Testa, owned by Banco Santander and BBVA, and Mazabi, and international groups such as Schibsted, the owner of Fotocasa and Habitaclia, as sources at the company have explained to Eje Prime.

These new clients are following in the footsteps of Merlin, Colonial and Aedas Homes, companies in the real estate sector that already work with the proptech, which was created in Valencia in 2015. The company’s headquarters are located in Madrid, one of the two cities, together with Barcelona, in which it currently operates, as it plans its international expansion, scheduled for 2018.

As a result of the agreement reached with Blackstone, Citibox will install its boxes (lockers) in the Il-lumina building in Barcelona, as well as in the Moraleja Building One (MB-ONE) and Delta buildings in Madrid. The Catalan building is home to tenants such as Coca-Cola and TV3, whilst in Madrid, the proptech will provide its service in offices that house the headquarters of Kelloggs and SAGE (MB-ONE), as well as the Socimi Fidere (Delta) (…).

Meanwhile, Testa, the Socimi specialising in the management of residential rental assets and in which Banco Santander and BBVA hold stakes, has engaged Citibox to install its boxes in five residential buildings located in Conde de Orgaza, in Madrid.

The property developer, which plans to debut on the stock market in the coming months, will be the third largest real estate company to place its trust in the Spanish proptech after Citibox also signed agreements with the listed company Aedas Homes and with Vía Célere to install its boxes in some of their new residential urbanisations.

In the centre of Madrid with Mazabi

Citibox is also strengthening its position in the centre of Madrid. Not in vain, another one of the clients that the company has secured in the last month and a half is the family office Mazabi. That group led by Juan Antonio Gutiérrez has engaged the services of the proptech for a recently renovated building on Calle Recoletos.

In addition, the company founded and led by David Bernabeu has signed other agreements with national and international companies such as Grupo SM, Capgemini, Tecnatom, Oxford University Press, Grupo Schibsted and Crédito y Caución (…).

The growth of Citibox is indicative of the boom in the proptech industry. In Spain, the sector is now generating 5,000 jobs and aspires to continuing increasing that number, driven by the rate of investment, which has allowed the business to increase its revenues by 300% (…).

Original story: Eje Prime (by Jabier Izquierdo)

Translation: Carmel Drake

The post Citibox Signs Agreements with Blackstone, Testa & Schibsted appeared first on Aura Real Estate Experts.

Source:: AURA Real Estate Experts


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