Residential real estate developer Bonava is digitizing its land acquisition and site analysis processes with assetbird. The goal of the partnership is to process land offers more efficiently, automatically prepare information, and support the acquisition teams in evaluating suitable residential development sites. In doing so, Bonava combines its many years of project experience and local market knowledge with modern technology.
An Overview of the Collaboration
- Automated Data Capture: Incoming property listings, tenant lists, and other documents are forwarded to assetbird. AI extracts the relevant information and organizes it for further processing.
- Quality-Checked Data: The collected data is checked for completeness and accuracy and compared with the defined search and acquisition criteria.
- Growing knowledge base: All property and deal information is centrally consolidated and remains available and analyzable over the long term.
- Faster Responses: Structured review processes lay the groundwork for providing faster, informed responses to property owners and sellers.
AI with Practical Benefits Instead of Additional IT Complexity
The focus is on the tangible benefits in day-to-day work: Recurring tasks are automated, manual data entry is reduced, and information is made available more quickly for the actual property appraisal.
“We deliberately choose a specialized technology partner who understands their business so that we can focus on ours: creating new living spaces.”
Carsten Sellschopf, Head of Project Development and Member of the Executive Board at Bonava
More Informed Decisions and Greater Transparency
The basis for decisions is documented in a more transparent manner. Previous reviews and site information remain available and are incorporated into new projects. This also benefits investors and financing partners, for whom transparent processes and reliable information are becoming increasingly important.
The final appraisal of a property remains the responsibility of experienced real estate experts. Local market knowledge, project experience, and sound business judgment are supported by technology, not replaced by it.
“What’s particularly exciting is that every property listing we review yields valuable information that can also be used to inform future decisions.”
Nico Kramp, co-founder and CSO of assetbird GmbH
