The Helvetia Venture Fund is investing in Immoledo, a prop tech based in Thurgau, which digitised and thus enormously simplified the analysis of the status of buildings. Without needing to involve an expensive expert, Immoledo enables an individual analysis of a building's structural fabric and the creation of the related investment plan. Immoledo determines the best time for renovating the building and calculates the corresponding investment costs, broken down by structural elements. The building status can be projected dynamically during the utilisation phases of the building, making it possible to determine when the different building components should ideally be replaced.
A status analysis provides the foundation for professional real estate management and is needed by owners, real estate managers, banks and insurance companies. Immoledo's solution is substantially faster than conventional methods and cuts the time needed for the analysis by up to 80 percent.
The analysis results for individual buildings can be aggregated across an entire real estate portfolio and compared to centrally stored values. This makes it possible to continuously monitor and assess the quality of the entire portfolio. These results are also an important tool for high-quality and professional real estate management. The building information provided by the status analysis module is supplemented by locational information provided by PriceHubble. Immoledo can be used for investment properties as well as owner-occupied residential properties.
Operational collaboration planned with Helvetia
"Immoledo is another component in the 'Home' ecosystem which Helvetia is building around MoneyPark," says Martin Tschopp, Head of Corporate Development with responsibility for the Helvetia Venture Fund. Operational collaboration is also planned between the start-up and Real Estate Management. "We see great potential in Immoledo and are reviewing the options it offers to simplify the status analysis of our properties," explains Ralph Honegger, Chief Investment Officer and member of the Helvetia Group's Executive Management. Its use in building insurance is also being considered, for example to determine the building's status before an insurance policy is issued. "We're delighted to have found not only an investor but also a partner for the further development of our young business in Helvetia," says Christian G. Brunner, CEO and founder of Immoledo.
In 160 years, the Helvetia Group has grown from a number of Swiss and foreign insurance companies into a successful international insurance group. Today, Helvetia has subsidiaries in its home market Switzerland as well as in the countries that make up the Europe market area: Germany, Italy, Austria and Spain. With its Specialty Markets market area, Helvetia is also present in France and in selected regions worldwide. Some of its investment and financing activities are managed through subsidiaries and fund companies in Luxembourg. The Group is headquartered in St.Gallen, Switzerland.
Helvetia is active in the life and non-life business, and also offers customised specialty lines and reinsurance cover. Its business activities focus on retail customers as well as small and medium-sized companies and larger corporates. With some 6,600 employees, the company provides services to more than 5 million customers. With a business volume of CHF 8.64 billion, Helvetia generated underlying earnings of CHF 502.4 million in the 2017 financial year. The registered shares of Helvetia Holding are traded on the SIX Swiss Exchange under the symbol HELN.
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