The Royal Institute of Technology, the Massachusetts Institute of Technology (MIT) and the City of Stockholm intend to start a collaboration with the aim of gathering world-leading research on smart cities. The collaboration means that KTH and MIT intend to establish a research collaboration under the name KTH-MIT Senseable Stockholm Lab. By exploring new dimensions of the city of the future, such as energy efficiency, social integration and multimodal mobility, the project aims to develop the urban environment.
Newsec sees it as central to contribute to the development of the cities in which it operates, as an attractive city provides competitiveness and sustainable growth.
“Regions with growth are one of the main criteria among real estate investors. The Nordic region's base of stable labor markets, strong private consumption and leading global companies make it a very attractive region. The development and implementation of technology for smart cities will play an important role in continuing to build this base. For example, smart technology buildings over time will generate price premiums, as lower operating costs and better value preservation make them more attractive, ”says Max Barclay, Head of Newsec Advisory.
Newsec has an unprecedented position in Northern Europe with approximately 7,300 properties and 28 million square meters under management and values properties at an underlying value of SEK 1,650 billion. Thanks to large volumes, local presence and breadth and depth in various businesses, Newsec has unique knowledge of the real estate market in the region. Digitisation and new smart solutions challenge traditional ways of working in all industries and the real estate industry is no exception. To take advantage of the development, Newsec wants to better understand the consequences digitalisation entails for commercial properties, such as space-as-a-service, smart buildings and big data.
"Reports from the UN show that 70 percent of the global population will live in cities by 2050. To be competitive, cities like Stockholm must create the right environment that both makes companies invest, and residents to enjoy the quality of life. To achieve this, cities need to be smarter by developing solutions that utilise IoT, AI and big data. This initiative is in line with our ambition to develop the cities where we work and drive the digitisation of the real estate industry, ”says Björn Lindeborg, Head of Newsec Property Asset Management.