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July 20, 2020

UBS picks stake in home ownership platform Houzy

UBS has bought a stake in Houzy, a Swiss home ownership platform that links data and offers individual recommendations for homeowners.

Financial details of the transaction were not revealed.

Houzy taps the expertise of 500 professionals across ten sectors to provide the recommendations. At present, the platform has 15,000 registered users.

For instance, the platform can help a homeowner gain insight on when their heating system should be overhauled and the cost required for the same.

Commenting on the tie-up, Houzy CEO Stefan Schärer said: “This will help us in the next step of Houzy’s expansion phase by providing our users and key4 clients with centralised information and tools on topics such as renovation needs, price development, costs and much more.”

The latest alliance complements the key4 platform, a real estate financing platform for mortgage clients launched by UBS last month.

The key4 platform is said to be a continuation of the bank’s platform business initiated three years ago with the “UBS Atrium” credit platform in the investment property space.

UBS head of Digital Platforms & Marketplaces Martha Böckenfeld said: “The partnership with Houzy is a significant step towards building our ecosystem around key4 and creates targeted added value for homeowners.

“This strategic cooperation will enable all house and apartment owners to rely on key4 to provide answers and solutions to the various complex questions they may be asking themselves about home ownership, and to obtain information thanks to relevant tips, recommendations and the provision of services.”

In June, UBS Asset Management has unveiled a global corporate bond ETF, which will utilise an ESG filter to integrate sustainability into credit markets.

The UBS ETF Bloomberg Barclays MSCI Global Liquid Corporates Sustainable UCITS ETF will track the Bloomberg Barclays Global Aggregate Corporates index.

It will offer exposure to over 320 corporate issuers, filtering out those with inadequate scores on a sustainability rating criteria.

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