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Equiem acquires British Land’s Vicinitee in strategic global PropTech deal

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Equiem Services Ltd

On 22 April 2021, Equiem Services Ltd acquired Vicinitee Limited from Broadgate Estates Limited, part of the British Land Group, in an all-share transaction.
Vicinitee is British Land’s digital property management platform that seeks to streamline property management operations and facilities communications between property owners, occupiers and contractors. It is used across more than 150 buildings throughout the UK, including Broadgate, The Shard and The Gherkin.
Founded in Australia in 2011, Equiem  developed the first digital tenant experience platform, and its technology stack includes mobile and desktop apps, communications and event management, an e-commerce marketplace, leasing dashboards and flexible space management.  The acquisition of Vicinitee paves the way for the integration of  Vicinitee’s property management functionality into Equiem’s global platform  and is the first step in Equiem's transformation from a tenant experience company into a workplace experience company.
Faken acted as English counsel to Equiem with a team led by Jay Lefton that consisted of Laura Bradley, Jodi Katz, Maurice Wong and Carlie Marrows.  


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