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By Reuters Staff
3 Min Read
NEW YORK (Reuters) - Equiem, an Australian firm whose software improves communication between office building owners and their tenants for multiple services, has acquired the property management platform of the British Land Co Plc, the two companies said on Monday.
FILE PHOTO: Gabrielle McMillan, chief executive of Equiem, poses in New City, New York, U.S., January, 15, 2019. REUTERS/Herb Lash/File Photo
Terms of the transaction were not disclosed.
British Land, the largest UK real estate investment trust, acquired an equity stake of less than 10% in Equiem in exchange for the Vicinitee property management platform, a source familiar with the deal said.