IRHM, Your Global Window into Real Estate and Hospitality

October 26, 2026

Tech & Innovation

CBRE Group has entered into a definitive agreement to acquire UK-based data centre infrastructure specialist Onnec Group for £460 million in cash, plus an earnout of up to £300 million. Onnec’s 800 employees deliver network, fibre and data centre solutions across Europe and Asia Pacific. The deal expands CBRE’s critical infrastructure unit, which projects total 2027 revenues of nearly $4.5 billion.
Green SM and global B2B super app platform Elife have signed a Memorandum of Understanding to integrate electric ride-hailing services for international travellers. The partnership enables Elife’s partner platforms to offer Green SM’s zero-emission transport options, targeting markets in Southeast Asia, Europe and the US. Operating a VinFast electric fleet, Green SM aims to expand its reach across Elife’s global network of 100 million monthly active users.
Seed Group has entered a strategic partnership with London-based proptech firm VerbaFlo to expand AI-driven leasing and resident communication tools across the UAE. VerbaFlo's platform handles enquiries 24/7 across multiple channels in over 200 languages. Supported by Seed Group, part of The Private Office of Sheikh Saeed bin Ahmed Al Maktoum, VerbaFlo aims to connect with regional property owners, developers and institutional stakeholders.
The European Bank for Reconstruction and Development (EBRD) is providing financing to Beacon Power Services (BPS) to accelerate the digitalisation of Nigeria's electricity network. The funding will allow BPS to roll out smart metering, grid management software, and data analytics tools to electricity distribution companies, helping to improve revenue collection, billing accuracy, and overall power sector efficiency across the country.
Aiello has integrated its conversational AI platforms with Shiji Infrasys POS to streamline hotel food and beverage ordering. The certification connects Aiello Call Agent, Aiello Voice Assistant and GuestWeb directly to point-of-sale operations. Guests can browse menus, make inquiries and place orders across mobile, phone and voice channels. Confirmed order details are automatically transmitted to kitchen and operational workflows, driving automated hospitality service and revenue growth.
Duetto has acquired FLYR Hospitality, adding automated revenue management and business intelligence tools to its existing Revenue & Profit Operating System. The acquisition incorporates advanced AI capabilities, real-time pricing and conversational analytics into Duetto's product suite. The combined technology aims to serve both independent hoteliers and large hotel chains by delivering total commercial performance insight across top- and bottom-line operations.

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