Henderson Global Investors and Grosvenor are in talks with US Reit Simon Property Group to work with its Tecient venture.
Tecient is a start-up company designed to be an “aggregator and facilitator” of products, services and content for buildings. The company’s focus is on the retail sector and it predicts it will be able to aggregate as many as 400 malls representing 22,300m2 with a total footfall of 3.4bn people.
Tecient would be able to benefit from Simon Property’s experience in creating revenue and tenant services through its Simon Business Network and Simon Brand Ventures.
“It is my belief that property is in a good position to provide a lot more than space to rent,” said John Partridge, director of property at Henderson.
