JLL signs enterprise agreement with OpenSpace for 360-degree photo documentation
JLL’s Project Management business will bring best-in-class jobsite photo documentation to clients, virtually
CHICAGO, Mar. 24, 2021 – JLL’s Project & Development Services (PDS) is delighted to integrate OpenSpace into its core business as an enterprise partner, advancing the role of AI technology on the jobsite. OpenSpace uses a 360-degree camera to capture jobsite images, with a state-of-the-art user interface that allows viewers to virtually walk the jobsite and see progress, comparing captures over time. The virtual experience introduces a new, elegant manner to document the jobsite and allows clients and project partners to minimize travel.
“Technology is essential to the future of work, and OpenSpace is an example of a company satisfying the market’s needs through innovative proptech solutions,” said Yishai Lerner, Co-CEO, JLL Technologies. “For instance, ClearSight is an AI-powered, virtual tool that OpenSpace is piloting to solve everyday problems and simplify jobsite tasks, from locating objects and assets to tracking the progress of projects.”
The new enterprise agreement signifies the deepening of an existing relationship between JLL and OpenSpace. In May of 2019, JLL Spark—JLL’s global venture fund investing in early to mid-stage property technology startups—announced its participation in a group of Series A funding investors. While JLL Spark’s initial investment in OpenSpace did not impact JLL’s core businesses, the hope was that OpenSpace services would eventually complement JLL’s PDS business. Today, that aspiration has become reality.
“OpenSpace makes it incredibly easy to walk a jobsite, gather detailed imagery and automatically generate a 360-degree view that's pinned to the floor plan,” said David Gerster, Vice President, JLL Spark. “This investment is part of our broader commitment to transforming commercial real estate with new technology."
The new relationship expansion allows JLL PDS professionals to extend OpenSpace services to clients through project management engagement. This eases the contracting process for clients, OpenSpace and JLL. Above all, it brings a significant return on investment to clients, who will now have the ability to see jobsite progress from the convenience of their computer, as well as have a lasting visual record of the construction of their real estate.
“OpenSpace is a game changer, especially in today’s environment,” said Todd Burns, President, JLL PDS, Americas. “The premium offering for our clients is a differentiator for our business, and solidifies JLL’s position as providing the most innovative, digital-first solutions to our clients.”
"We're thrilled to extend our partnership with JLL through this enterprise agreement," said Jeevan Kalanithi, CEO and Co-Founder, OpenSpace. "Leading companies like JLL trust and rely on OpenSpace to empower their clients and their partners with more efficient and transparent processes, and we're proud to bring that support to even more job sites with this partnership."
For more information on JLL Project and Development Services, please visit: us.jll.com/en/deliver-projects/manage.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion, operations in over 80 countries and a global workforce of more than 91,000 as of December 31, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.