Members of the UK PropTech Association (UKPA) have approved the proposed merger with the British Property Federation (BPF).
News of the merger was announced in April this year and, following consultation with UKPA members, the 75% approval threshold was reached.
The merger brings together the BPF’s membership of close to 400 property owners, investors, developers and advisors, with the UKPA’s community of more than 1,000 entrepreneurs, solution providers, venture capital investors and proptech innovators.
Following member sign off the UKPA now becomes a legal subsidiary of the BPF. The UKPA will continue to deliver its own programme of initiatives and it will operate under its current name.
Sammy Pahal (pictured), managing director of the UKPA, said: “With the backing of the membership for the merger with the BPF we can push forward our common goal of supporting the property industry in finding innovative ways to tackle the critical challenges that they are facing with the use of digital technology. This will be achieved by providing greater opportunities for cross sector learning and engagement, with a joint BPF-UKPA programme of knowledge sharing, research, and events.”
Melanie Leech, chief executive of the British Property Federation, added: “The merger of the BPF and UKPA brings together two strong and successful brands to create a single united voice for property and proptech. I look forward to working with the UKPA members and team to deliver on our shared vision for a modern, innovative property sector harnessing the power of technology to tackle the challenges facing us including decarbonisation, and to deliver outstanding outcomes for local communities.”
The first major event of the merged organisations will be the UK PropTech Awards 2023 to be held at Amazing Grace London on 22 November.
