Venture capital firm Pi Labs has appointed James Pellatt as venture partner to lead deployment of technologies across the global property portfolios of its limited partner (LP) base.
Pellatt was most recently director of innovation at Great Portland Estates (GPE), an LP in Pi Labs’ Fund III, where he developed and executed digital transformation strategies across the developer’s portfolio of assets in London.
Faisal Butt, managing partner and founder of Pi Labs, said: “In the face of unprecedented environmental risk, Pi Labs is committed to creating a digital, sustainable future, fit for generations to come. Investing in early-stage start-ups that are digitalising and decarbonising real estate and construction is our niche: facilitating deployments of these technologies into our LP base is what will drive much-needed change on a real and global basis.
“For years, we have been successfully facilitating deployments of our portfolio companies into our LP base at a global scale, and appointing James will allow us to double down and maximise opportunities for both our founders and LPs alike. Given James’ expertise and track record, he is well-equipped to support the ambitions of many of our international LPs who are seeking to decarbonise and digitalise portfolios, and we are delighted to have him onboard.”
Pellatt (pictured) added: “Net zero targets, energy costs, labour shortages and costly development inefficiencies are just some of the reasons why developers, investors, suppliers and occupiers are looking to future proof themselves through digitalisation. There is overwhelming evidence from the early adopters that transforming operations through the proven innovative solutions available gives companies a considerable competitive advantage.
“I look forward to working with both the portfolio companies in Pi Labs’ ecosystem as well as all global LPs to support the evolution of our built environment for the benefit of all stakeholders.”
