Symbiosy by HB Reavis has been acquired through strategic partnership with HqO
Symbiosy, our tech platform created in-house at HB Reavis, has been strategically acquired by HqO, the world’s leading real estate experience platform. Offering a portfolio of smart building solutions consisting of systems integrations, IoT, and software interfaces, Symbiosy will further propel HqO’s growing occupier business. HqO will continue to power HB Reavis’ portfolio of workspaces and support its growing global customer base through this strategic partnership.
Symbiosy’s portfolio of cutting-edge smart office technology solutions offers employee experience, data management, and visualisation tools that support enhanced workplace experiences for increased performance. The acquisition will allow the offering to be further developed to offer additional benefits, enhanced services and solutions for occupiers. It will also strengthen HB Reavis’ digital experience proposition to existing and future clients.
“Throughout HB Reavis’ 30 years of experience in real estate, our people-centric approach focused on wellbeing has proven to generate the most value for real estate businesses and people. Partnering with HqO will enable us to continue focusing on this path while providing the existing Symbiosy customers with enhanced services and solutions,” said Marcel Sedlak, CEO of HB Reavis’ asset management arm.
Steven Skinner, CEO of HB Reavis’ development arm said “The distinctive people-centric and innovative attitude that we foster within HB Reavis has enabled our tech platform, Symbiosy to be developed in-house and culminated in its acquisition by HqO. Symbiosy’s customer-focused services have set us apart in the market, including being implemented at our best-in-class development, Bloom Clerkenwell, supporting occupiers in their workplace. HB Reavis continues to pioneer and develop healthy and sustainable workplaces, which remain highly sought after by occupiers.”
“During the 5 years spent creating Symbiosy within the HB Reavis universe, dedicated to refining the symbiotic connection between buildings, offices, and their users to deliver the best occupier experience, Symbiosy has been on a transformative journey. Now we are poised to extend this distinctive partnership with HB Reavis and HqO even further. Together, we aim to support our existing clients and introduce our combined product offerings to a broader audience, empowering more customers to harness the advantages of smart building technology, hybrid work support, energy optimisation, and tenant engagement in order to enhance the overall workplace experience and wellbeing,” said Tibor Nyitray, Head of Symbiosy.
The acquisition further propels HqO’s growing occupier business and expands its geographical footprint, especially in European business hubs, including London, Berlin, and Warsaw. The transaction comes on the heels of the company’s recent announcement of its Series D funding of over $50 million, along with the much-anticipated launch of the HqO Real Estate Experience (REX) Platform, the first end-to-end experience solution built around the customer. HqO will continue to power HB Reavis’ portfolio of workspaces and support its growing global customer base through this strategic partnership.
“Adding Symbiosy to the HqO family is the perfect fit with our vision to put people and their experiences of space at the centre of the real estate industry. By pairing HqO’s newly launched REX Platform with Symbiosy’s deep expertise in creating intelligent and innovative workplaces, we are reimagining the future of real estate experience,” said Chase Garbarino, Co-Founder and CEO at HqO. “We are excited to bring Symbiosy’s intimate knowledge of the built environment and the people within it to our customers as we continue to scale and innovate our occupier product offerings.”
Symbiosy’s proven delivery of high-quality, digitally led experiences across all assets is directly aligned with HqO’s mission to connect real estate to the people through a cross-property suite of powerful applications and services that foster best-in-class, dynamic end-user experiences.