JLL launches NxT Invest to help investors identify off-market opportunities in Paris
Proprietary digital platform harnesses artificial intelligence, market insight and more than 100 million data sets
JLL unveiled the third phase of its NxT platform, NxT Invest, at major French commercial real estate show, SIMI 2018, in Paris last week.
Designed to reveal new investment opportunities in the Paris office market, NxT Invest uses artificial intelligence and the latest data-visualisation technology to enable investors to scan the market in real time and detect potential opportunities, including those that might not yet have come to market.
NxT Invest follows the introduction of NxT Office in 2016 and NxT Live Retail Intelligence in 2017, tools that allow businesses and retailers respectively to search for office space and retail premises. JLL's market leading NxT suite of services enables investors to quickly assess market opportunities via a digital platform, using a targeted approach, with the possibility to co-create investment opportunities.
"With NxT Invest, we are driving digital transformation in the real estate sector, and our whole approach to innovation is to support clients in their strategic decision-making. NxT Invest also responds to a simultaneous demand for greater transparency in the market," explains Charles Boudet, Managing Director of JLL France, and EMEA Board member responsible for JLL's technology transformation.
"In the highly competitive Paris investment market, we need to be more creative for our clients so that we can help them to identify new opportunities and make them happen. NxT Invest is a tremendous tool for idea generation. We're making a start with the Greater Paris Region office market, but plan to gradually expand to cover all asset classes as well as regional markets in France." adds Stephan von Barczy, Head of Investment, France, JLL.
Based in the client suite at JLL's Paris headquarters, NxT Invest is the result of innovation, harnessing collaborative technology, big data and JLL's market insight.