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First of its kind, VR360 Services connects clients with their construction projects around the world
Real estate consultant JLL has launched VR360 Services, a new technology application that allows clients to watch their real estate projects take shape from anywhere in the world.
The virtual reality tool captures 360-degree spherical images through a series of cameras at the project site. By logging into an online application, clients can explore their building projects and look around in all directions, mimicking a real life site visit. Providing transparency from the start to finish of a project, VR360 Services enables clients to track the progress of their build closely, identify any problems, and highlight potential issues that may impact the future fit-out or design.
"VR360 Services lets our clients stay on top of their projects by bridging geographical barriers and bringing them closer to their sites. They can log in from a computer, tablet or mobile device and have a virtual walk through the spaces in their own time," explains Martin Hinge, Managing Director, Project & Development Services, Asia Pacific, JLL.
"Another advantage that VR360 Services provides is the recording of wall, floor and ceiling construction, including electrical and mechanical plumbing systems. This will transform the way clients manage their facilities in future as they can better plan refurbishments and repairs like building in additional power points or repairing blocked pipes."
One of the early adopters of the application, a multinational technology company with significant Asia Pacific presence, has successfully implemented VR360 Services in its latest construction projects in China and Singapore, allowing stakeholders to watch their sites at every stage of development from Malaysia, India, Singapore, Vietnam and the U.S. By creating an interactive environment where clients have first-hand insights, VR360 Services acts as a substitute for conventional site photo records.
"This exciting development demonstrates how we are making a difference to our clients' experience. Besides offering them greater connectivity to their projects, VR360 Services also provides seamless communication so we can resolve on-site issues together," says Ian Chadsey, Solutions Development Director, Asia Pacific, JLL. "New technology is having a profound impact on the real estate industry. VR360 Services is just one example of how, as a firm, we're applying innovative thinking to help our clients maximise efficiency and improve processes."
VR360 Services is now available to JLL's clients in Asia Pacific.
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LL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $136 billion. At year-end 2016, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 77,000. As of December 31, 2016, LaSalle Investment Management has $60.1 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
JLL has over 50 years of experience in Asia Pacific, with 36,000 employees operating in 94 offices in 16 countries across the region. The firm won the 'World's Best' and 'Best in Asia Pacific' International Property Consultancy at the International Property Awards in 2016 and was named number one real estate investment advisory firm in Asia Pacific for the fifth consecutive year by Real Capital Analytics. www.ap.jll.com.
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