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WORLD Symbiotic fit for HB Reavis and HqO

Technology
The Symbiosy smart building platform developed in-house by Slovakian developer HB Reavis has been acquired by Massachusetts-based real estate experience platform HqO.

Symbiosy comprises systems integrations, IoT and software interfaces. Under HqO’s management, it will continue to be used across HB Reavis’ office portfolio.

Throughout HB Reavis’ 30 years of experience in real estate, our people-centric approach focused on wellbeing has proven to generate the most value for real estate businesses and people. Partnering with HqO will enable us to continue focusing on this path while providing existing Symbiosy customers with enhanced services and solutions.
Marcel Sedlak, the CEO of HB Reavis’ asset management arm

Adding Symbiosy to the HqO family is the perfect fit with our vision to put people and their experiences of space at the centre of the real estate industry. By pairing HqO’s newly launched REX Platform with Symbiosy’s deep expertise in creating intelligent and innovative workplaces, we are reimagining the future of real estate experience.
Chase Garbarino, the co-Founder and CEO of HqO

The acquisition will expand Hq0’s geographical footprint to such European business hubs as London, Berlin and Warsaw, where HB Reavis owns properties. The transaction follows the company’s recent announcement of Series D funding of over USD 50 mln, along with the launch of the HqO Real Estate Experience (REX) Platform.

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Edition 6 (289) June 2024

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