JLL and Lendlease have jointly launched regional proptech accelerator Propell Asia in Singapore while Indonesia’s co-working space operator EV Hive has rebranded itself to COCOWORK.

JLL, Lendlease launch proptech accelerator

JLL and Lendlease have launched a regional proptech accelerator Propell Asia to connect early-stage startups to the region’s commercial real estate market, it said in an announcement on Monday.

The Singapore-based accelerator will select five startups working in the space of property management, real estate transactions, construction management, data collection, data science and analysis for the 10-week programme which will commence in the third quarter of this year.

Each startup is in the run for a S$20,000 ($14,675) grant. JLL has recently rolled out its own venture fund, JLL Spark with an allocation of $100 million to invest in proptech companies. The fund will contribute to the grants for startups selected to join Propell Asia.

EV Hive rebrands to COCOWORK

Indonesia’s co-working space provider EV Hive has rebranded itself to COCOWORK – a name derived from “community”, “collaboration” and “workspace”, said the startup in a statement on Monday.

“We believe that this new face and identity will empower us to reach a wider audience. While our company is rooted in the startup ecosystem, we strongly believe that the coworking concept is relevant and beneficial to many other types of businesses in Indonesia,” said COCOWORK co-founder and CEO Carlson Lau.

COCOWORK currently operates 21 locations in Jakarta and Medan, managing over 30,000 sq m of space and has more than 30,000 members. It has raised a $20 million Series A led by SoftBank Ventures Korea early this month.

Also read:

JLL Spark rolls out $100m global venture fund for proptech investments

Indonesia’s EV Hive raises $20m in SoftBank Korea-led round, eyes 100 locations by 2022

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