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TH Real Estate and RedstoneConnect to deploy smart shopping centre software platform at PEP shopping centre

PEP shopping centre

TH Real Estate and RedstoneConnect (AIM: REDS), a leading provider of technology and services for smart buildings and commercial spaces, have secured a consulting and software mandate worth €0.75m, to develop and install a smart software solution for the PEP shopping centre in Munich, Germany.

The initial phase of the contract will see RedstoneConnect provide consultancy services in order to design the framework for a smart solution in the retail space. The project will culminate in RedstoneConnect’s software platform 'Connect' being deployed as part of a major multi-million refit of the PEP shopping centre, due to go live in 2018.

The 'Connect' platform will enable shoppers to find shops, services or locate their car using in-centre wayfinding kiosks and a location aware smartphone app. All data generated through digital channels, including online and interactive directories as well as the smartphone app will be managed by the Company’s Wayfinding, CMS, CRM and MIS modules available through the 'Connect' platform. Key services including smart parking, location based services, Wi-Fi usage and audience measurement analytics will not only deliver greater operational insight but also improve the shopper experience.

Mark Braund, Chief Executive of RedstoneConnect, commented: "RedstoneConnect’s track record in the design and installation of smart solutions across some of the highest profile commercial spaces was central in securing such a prestigious contract.

"Our unique ability to future-proof the retail experience for shoppers, coupled with our diverse range of solutions, which are capable of unlocking additional economic benefit for real estate owners, is a robust market proposition. We continue to succeed in securing contracts through our offering of consultancy, software platforms and applications, reinforcing the need for smart innovation within buildings, destinations and cities."

Issued by Nuveen Real Estate Management Limited, 201 Bishopsgate, EC2M 3BN. Authorised and regulated by the Financial Conduct Authority. TH Real Estate is a name under which Nuveen Real Estate Management Limited provides investment products and services. The value of investments and any income will fluctuate (this may be partly be the result of exchange rate fluctuation) and investors may not get back the full amount invested. Where opinions have been expressed, they are based on current market conditions and are subject to change without notice.

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