The British Property Federation and the UK PropTech Association are planning to merge in a bid to drive innovation in the property sector.
The planned merger will bring together the BPF’s membership of close to 400 property owners, investors, developers and advisers with the UKPA’s community of more than 1,000 entrepreneurs, solution providers, venture capital investors and proptech innovators.
The pair hope the partnership will help drive deeper collaboration between property and proptech businesses.
The integration of the two organisations is expected to be formalised in June following consultation with UKPA members. The UKPA would become a legal subsidiary of the BPF. It is intended that there will be no change to the terms of membership for either BPF or UKPA members in the short term and that UKPA will operate under its current name.
BPF chief executive Melanie Leech said: “The future health of the property sector and its ability to tackle fundamental challenges such as the decarbonisation of the built environment, will depend on its commitment to embracing new technologies and fully harnessing the power of data.
“We believe the integration of the UKPA within the BPF will create a powerful combined voice and new platform for knowledge-sharing and collaboration across the industry as we work to embed innovation and technology in all facets of property development and management. We look forward to discussing our plans in more detail with members over the coming months.”
Sammy Pahal, managing director of the UK PropTech Association, added: “This merger presents a natural next step in the evolution of the UKPA as we strive to address key challenges within the industry including data, ESG, and enabling digital transformation. Our organisations share a common mission to drive growth and innovation and this as an opportunity to tackle these challenges together and create a more collaborative and innovative industry for all.”
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