Archistar Property Ltd.
Archistar (founded in April, 2010) is a property technology company,[1] that uses artificial intelligence algorithms to generate building layouts.[2][3]
| Artificial Intelligence Property Development | |
| ISIN | 🆔 |
| Founded 📆 | |
| Founder 👔 | Benjamin Coorey |
| Headquarters 🏙️ | Sydney, New South Wales, |
Area served 🗺️ | |
| Members | |
Number of employees | |
| 🌐 Website | https://archistar.ai |
| 📇 Address | |
| 📞 telephone | |
History[edit]
Archistar was founded by Dr. Ben Coorey, a regenerative designer.[4] By the Digital Design 2020 event, organized by the Institute of Digital Design Australia (IDDA), Archistar had developed a program (the Archistar Parametric Site Maximiser - APSM) which could work out analytics of architectural designs and give "real-time analytics with no coding required"[5], mixing technology and real estate.[6][7]
Property Development[edit]
In 2019, CoreLogic and Archistar reviewed over 500,000 properties across Australian cities (Sydney, Melbourne and Brisbane),[8][9] in a bid to "meet the demand for more affordable housing",[10] they identified the properties suitable for granny flats which added up to 30 percent of the value of properties for their owners.[11][12]
Artificial Intelligence and Funding[edit]
In 2018, former CEOs of Foxtel, CoreLogic and CBRE invested in Archistar's PropTech project, this artificial intelligence platform (APSM),[13][14] enables users to assess potential value of developmental sites and know which projects were allowed on developmental sites in Australia.[15][16]
In 2020, the Government of New South Wales integrated Archistar into their Spatial Digital Twin Map for City Planning.[17][18]
References[edit]
- ↑ "Subscribe to The Australian | Newspaper home delivery, website, iPad, iPhone & Android apps". www.theaustralian.com.au. Retrieved 2020-04-30.
- ↑ "The Future of Property Development - a night at the Archistar Roadshow". Metropolis. Retrieved 2020-05-02.
- ↑ "https://www.architectmagazine.com/technology/can-algorithms-design-buildings_o". www.architectmagazine.com. Retrieved 2020-04-30. External link in
|title=(help) - ↑ "NSW launches Spatial Digital Twin". Information Age. Retrieved 2020-04-30.
- ↑ Object, object (2017-02-01). "Design Institute Unveils Game Changing Software Platform". The Urban Developer. Retrieved 2020-04-30.
- ↑ "World-first technology to generate 3,000 building designs per hour | Property HQ". Commercial Real Estate for Sale. 2017-11-02. Retrieved 2020-04-30.
- ↑ "World-first technology to generate 3,000 building designs per hour | Property HQ". Commercial Real Estate for Sale. 2017-11-02. Retrieved 2020-04-30.
- ↑ AUSTRALIA, PROPERTY. "Hidden value lies wait in Australia's granny flats". info.propertycouncil.com.au. Retrieved 2020-04-30.
- ↑ "Georg Chmiel chats with Ben Coorey on how to turn neighbours into millionaires". www.propertyobserver.com.au. Retrieved 2020-05-02.
- ↑ Karen</a>, <a href="/author/skaren" title="View all articles from Sasha Karen">Sasha; Karen, Sasha (2019-06-17). "Suburbs that could jump 30% in value revealed". www.smartpropertyinvestment.com.au. Retrieved 2020-04-30.
- ↑ Tacadena, Gerv. "Why the perfect time to build a granny flat is now". Your Mortgage. Retrieved 2020-04-30.
- ↑ "Granny flats: new report reveals they can offer big price boosts - realestate.com.au". www.realestate.com.au. Retrieved 2020-04-30.
- ↑ Writers, Staff (2020-04-16). "AI startup Archistar joins AirTree's portfolio following $6 million raise". Which-50. Retrieved 2020-04-30.
- ↑ "Heavyweight-backed property start-up closes $6m funding round". Australian Financial Review. 2020-04-13. Retrieved 2020-04-30.
- ↑ "Former Foxtel, CoreLogic and CBRE bosses back proptech start-up Archistar". Australian Financial Review. 2018-12-04. Retrieved 2020-04-30.
- ↑ "Australian National Construction Review". Issuu. Retrieved 2020-04-30.
- ↑ "NSW launches Spatial Digital Twin". Information Age. Retrieved 2020-04-30.
- ↑ Emma (2019-02-07). "How ArchiStar is helping property professionals find residential development hot spots". The Real Estate Conversation. Retrieved 2020-04-30.
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