PT Blink attracts major US investor, accelerating platform development and overseas expansion
Sydney, Australia, 10 December 2021 – Australian property tech start-up PT Blink has attracted a multi-million-dollar investment by the owners of Holland Partner Group (HPG), a major United States developer and operator of high-quality investment properties. Supporting PT Blink’s “do it and digitise it” strategy, the investment backs a partnership that will see PT Blink technology applied to HPG developments in the US as the cloud-based platform is being created.
“We are thrilled to have HPG onboard with us to accelerate our cloud platform development and market expansion,” says Murray Ellen, PT Blink Founder. “They are supporting our strategy to apply our technology to exemplar projects that demonstrate our unique benefits and concurrently feed data and the user experience into the platform development.”
In addition to the capital investment, the partnership will see a pipeline of HPG projects and collaboration initiatives commencing with an eight-storey apartment complex in Seattle, Washington.
“We pride ourselves in staying at the forefront of technology to continue delivering premium quality assets, connected communities and sustainable approaches to building,” says Clyde Holland, CEO and Chairman, Holland Partner Group. ”PT Blink offers unique advantages in quality, safety, speed and waste reduction, and we are excited to be part of a platform that will help scale these benefits for the global construction industry.”
“We have accomplished transaction values of more than US$20 billion and today have nearly 20,000 units under management and in the construction process. PT Blink’s ability to deliver high quality while reducing time to market was immediately appealing to us. However, as an owner operator in the growing build-to-rent sector, the ability to capture the quality PT Blink brings to the construction process and the long-term benefits of capital expense reduction opens many possibilities for investors seeking ongoing above-index returns,” continues Clyde Holland.
In preparation for the next stage of its platform launch and project work, PT Blink has been increasing its US engineering capability and is bolstering its people on the ground to build out the US supply chain.
In Australia, the company has strengthened its Executive Leadership Team and board with key appointments (see related Press Release) and this week launched its new branding and marketing website.
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About PT Blink
PT Blink is creating a unique technology platform and digital marketplace* that enables the offsite manufacture of buildings rather than constructing them traditionally.
PT Blink reduces property project risks for owners and developers by bringing visibility, control, assurance and modern manufacturing precision to any property asset. By licencing PT Blink’s patented technology platform and Blink DMI™ (Design-Manufacture-Integrate) method of project delivery, owners and developers can minimise the risk of time and cost overruns that often occur in traditional construction projects.
PT Blink’s infinitely flexible geometry and parametric modelling enable millimetre-precise component manufacturing and mass customisation for any architectural design, while reducing project time by up to 40%, minimising waste and risk of worker injury, and enabling smart asset operation.
*PT Blink currently licences its proprietary Blink DMI™ method to clients on a project basis while the platform and marketplace are completed.