Tech Giant And Property Industry Leader Announce Backing Of Real Estate Technology Startup
• ECHO BASE COMES OUT OF STEALTH – LED BY BRYAN LIM, AN EXPERIENCED REAL ESTATE INVESTMENT BANKER, AND BACKED BY MR MIN-LIANG TAN, RAZER INC CO-FOUNDER AND CEO AND SGX MAINBOARD- LISTED BOUSTEAD PROJECTS LIMITED
• LAUNCH OF NEXT-GENERATION REAL ESTATE FUND MANAGEMENT AND SERVICES TECHNOLOGY STARTUP FOCUSED ON INVESTING, DEVELOPING AND MANAGING SMART BUILDINGS AND SMART CITIES
• DISRUPTION OF TRADITIONAL REAL ESTATE DEVELOPMENT BY INCORPORATING A SEAMLESS DIGITAL LAYER – INCLUDING ARTIFICIAL INTELLIGENCE, INTERNET OF THINGS AND OTHER NEXT GENERATION TECHNOLOGIES INTO REAL ESTATE DEVELOPMENT PROJECTS
• MAIDEN PROJECT UNDER MANAGEMENT IS THE NEW RAZER SOUTHEAST ASIA HQ WITH THE NEXT DEVELOPMENT TO BE A SMART CITY PROJECT IN SOUTHEAST ASIA WITH MORE DETAILS TO BE RELEASED IN DUE COURSE
Singapore, 22 February 2019 – Echo Base-BP Capital Pte Ltd (“Echo Base” or the “Company”), a Singapore-based digital real estate startup, today launched its next-generation real estate fund management and services platform focused on the development, investment and management of smart buildings and integrated developments in Asia Pacific and selected global gateway cities.
Echo Base will be led by experienced real estate investment banker Mr Bryan Lim, who has extensive experience in the real estate space, with more than 16 years working and leading the regional real estate investment banking franchises of Goldman Sachs and Credit Suisse, and is backed by SGX Mainboard-listed Boustead Projects Limited (“Boustead Projects”) and Moor House Capital Pte Ltd, an investment holding company majority controlled by Mr Min- Liang Tan, co-founder and CEO of Razer Inc.
Mr Bryan Lim, Echo Base Managing Director and Co-Founder said, “Traditional real estate is ripe for disruption. There is much we can do at Echo Base to provide next generation services for smart buildings and cities of the future. I strongly believe in each shareholder’s different strengths that will be able to contribute to the success of the Company. My extensive experience in investment banking with regards to real estate capital markets and advisory work, coupled with Min’s vision and technological knowhow to provide the tech layer and Boustead Projects’ more than 20 years of real estate solutions expertise, truly provide a unique platform for existing and future investors of Echo Base-managed projects.”
The foundations for Echo Base have been laid over the last few months and with the announcement of the Razer Southeast Asia Headquarters as the Company’s first project under management, the Company is now well positioned to realise the shared vision of Mr Min-Liang Tan and Boustead Projects to create the region’s leading real estate fund management startup.
Echo Base’s objective is to integrate traditional real estate fund management services with technology-driven smart solutions for digitally-connected communities, offering greater stakeholder engagement, product differentiation, cost optimisation and value creation across the entire asset lifecycle – from development planning and costing to design and construction, and finally operations and maintenance.
Mr Min-Liang Tan, Razer co-founder and CEO said, “Echo Base represents the future of real estate with seamless technology integration for smart buildings and smart cities under its management. This creates a significant competitive advantage versus traditional real estate projects by enhancing the user experience – be it for landlord, tenants or customers – with the provision of targeted and customised services, which can only increase the attractiveness of the developments and their overall value.”
From Smart Buildings to Smart Cities
Echo Base’s smart buildings and smart cities approach will be premised upon the disruption of traditional real estate by offering a comprehensive digital experience which is intended to form the core of each integrated development project.
The goal would be to create the definitive work-live-play-learn community for the growing youth and millennial populations across the region and selected global gateway cities. By bridging the digital and traditional real estate divide, Echo Base expects to work closely with technology providers and real estate corporations to focus on creating an integrated platform.
Project Pipeline: Upcoming Smart City in SEA
In addition to the new Razer Southeast Asia Headquarters as the Company’s maiden project, Echo Base has already secured its first smart city project in Southeast Asia to be developed over the next few years.
The smart city concept has been very well received by a combination of governments, private developer partners and investors as a way to connect with the youth and millennials of today and the Company will continue to evaluate such opportunities in the various cities under its mandate to ensure an exciting pipeline of projects over the short to medium term.
More information on the smart city project will be revealed in due course by Echo Base.
Mr Wong Yu Wei, Boustead Projects Deputy Chairman and Executive Director said, “Boustead Projects is excited and pleased to embark on our new partnership for a real estate fund management platform with world-renowned Singaporean entrepreneur, Mr Min-Liang Tan and experienced real estate investment banker, Mr Bryan Lim. Boustead Projects has already begun integrating technology-driven smart solutions in our industrial and business park developments and we expect that our partnership in Echo Base will facilitate our entry into non-industrial asset classes across a wider geographical reach. Supported by Boustead Projects’ existing suite of comprehensive industrial real estate capabilities, Echo Base has first- mover advantage in offering compelling real estate fund management solutions for both industrial and business park developments.”