PR91556

TOKYO, Sept. 9, 2021 /PRNewswire=KYODO JBN/--

Cushman & Wakefield Japan has introduced Matterport's 3D virtualization tool to

provide first-class property assessment and enhanced property marketing

services. The use of this virtualization tool transpired from a global

agreement that Cushman & Wakefield signed with Matterport, Inc. (Nasdaq: MTTR)

last year, which enabled the company to offer clients a turnkey solution to

scan commercial properties in 3D across its footprint.

Logo - https://mma.prnewswire.com/media/1584490/Matterport_Logo_Logo.jpg

Matterport's AI driven visualization technology scans an existing space and

reproduces it in digital form. This "digital twin" is a versatile asset within

the commercial real estate industry, including in providing virtual tours of

properties with detailed floor plans and a "dollhouse view", which provides

prospective buyers and tenants with a dimensionally accurate and immersive view

into a space. According to Matterport, 3D virtual tours increase audience

engagement by over 300% in comparison to 2D imagery. The technology helps in

making better informed decisions by providing a multi-dimensional view of the

venue, enabling more effective property inspection and marketing of assets.

Cushman & Wakefield's Leasing Management Services in Japan is offering the

Matterport 3D virtual experience across all its retained properties. Using

Matterport, the Project Management team is also now able to help clients

monitor the progress of their projects and access the digital twin online from

anywhere, and at any time regardless of property or audience location.

Matterport is a true virtual solution and enables Cushman & Wakefield to

provide property inspections that keep clients and professionals safe during

this unprecedented pandemic, eliminating the need to be present in the space

physically. Because of this, Cushman & Wakefield is also able to deliver

additional benefits to clients such as reduced travel and fewer visits to a

property, producing overall time and cost savings which will remain relevant

beyond the pandemic.

Howard Xiao, Japan Country Manager at Matterport, commented: "Japan's

commercial real estate sector is one of the most competitive, so firms must

constantly differentiate to win clients. Matterport's technology enables agents

to achieve an edge through authentic, immersive and navigable 3D experiences.

By leveraging Matterport's powerful technology and insights, Cushman &

Wakefield is positioning itself at the forefront of the sector's ongoing

transformation, which harnesses technology to drive deeper engagement, analysis

and understanding of listings. Increasingly, clients are turning to Matterport

to capture their real estate portfolios due to the significant add-on benefits

realized. We are delighted to be selected by Cushman & Wakefield Japan for all

of their Leasing Management mandates."

Keiji Kato, Senior Director, Head of Leasing Advisory Group, Japan, Cushman &

Wakefield, said, "We were first acquainted with the Matterport platform when we

were exploring the best way of introducing properties for rent during the

pandemic. Matterport allows us to conduct high quality virtual tours for our

clients with its ability to produce a highly photorealistic digital replica of

the actual physical space. We have now introduced this service across all the

properties that we lease and manage and it has proven to be very effective in

differentiating us from our competition. We believe that virtual tours will

remain necessary even after the pandemic, and we will continue to use this

platform as one of our key property marketing tools."

Cushman & Wakefield continues to identify and collaborate with strategic

partners to deliver innovative tools that generate deep insights and create

value for our clients and has strategic partnerships across its global platform

with a variety of innovative property technology organizations.

Below is a showcase of a 3D real estate introduction (https://c212.net/c/link/?t=0&l=en&o=3283900-1&h=3413601979&u=https%3A%2F%2Fmy.matterport.com%2Fshow%2F%3Fm%3DrXpMiPXYJCw&a=showcase+of+a+3D+real+estate+introduction+) realized by Cushman & Wakefield in Japan.

(KDX-TurnKey Office)

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm

that delivers exceptional value for real estate occupiers and owners. Cushman &

Wakefield is among the largest real estate services firms with approximately

50,000 employees in over 400 offices and 60 countries. In 2020, the firm had

revenue of $7.8 billion across core services of property, facilities and

project management, leasing, capital markets, valuation and other services. To

learn more, visit www.cushmanwakefield.com or follow @CushWake (https://c212.net/c/link/?t=0&l=en&o=3283900-1&h=1389877186&u=https%3A%2F%2Ftwitter.com%2FCushWake&a=%40CushWake) on Twitter.

About Matterport

Matterport, Inc. (Nasdaq: MTTR) is leading the digital transformation of the

built world. Our groundbreaking spatial data platform turns buildings into data

to make spaces more valuable and accessible. Millions of buildings in more than

150 countries have been transformed into immersive Matterport digital twins to

improve every part of the building lifecycle from planning, construction, and

operations to documentation, appraisal and marketing. Learn more at

matterport.com (https://c212.net/c/link/?t=0&l=en&o=3283900-1&h=85459563&u=https%3A%2F%2Fmatterport.com%2F&a=matterport.com) and browse our gallery of digital twins (https://c212.net/c/link/?t=0&l=en&o=3283900-1&h=2011202326&u=https%3A%2F%2Fmatterport.com%2Findustries%2Fgallery&a=gallery+of+digital+twins).

Connect with Matterport on Facebook (https://c212.net/c/link/?t=0&l=en&o=3283900-1&h=1311645100&u=https%3A%2F%2Fwww.facebook.com%2FMatterport%2F&a=Facebook), Twitter (https://c212.net/c/link/?t=0&l=en&o=3283900-1&h=3833058410&u=https%3A%2F%2Ftwitter.com%2FMatterport&a=Twitter), LinkedIn (https://c212.net/c/link/?t=0&l=en&o=3283900-1&h=1021412491&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fmatterport%2F&a=LinkedIn) and Instagram (https://c212.net/c/link/?t=0&l=en&o=3283900-1&h=4029699076&u=https%3A%2F%2Fwww.instagram.com%2Fmatterportmedia%2F&a=Instagram).

Forward-Looking Statements

This document contains certain forward-looking statements within the meaning of

the federal securities laws, including statements regarding the benefits of the

business combination, the services offered by Matterport, Inc. ("Matterport")

and the markets in which Matterport operates, business strategies, debt levels,

industry environment, potential growth opportunities, the effects of

regulations and Matterport's projected future results. These forward-looking

statements generally are identified by the words "believe," "project,"

"expect," "anticipate," "estimate," "intend," "strategy," "future," "forecast,"

"opportunity," "plan," "may," "should," "will," "would," "will be," "will

continue," "will likely result," and similar expressions (including the

negative versions of such words or expressions).

Forward-looking statements are predictions, projections and other statements

about future events that are based on current expectations and assumptions and,

as a result, are subject to risks and uncertainties. Many factors could cause

actual future events to differ materially from the forward-looking statements

in this document, including Matterport's ability to implement business plans,

forecasts, and other expectations in the industry in which Matterport competes,

and identify and realize additional opportunities. The foregoing list of

factors is not exhaustive. You should carefully consider the foregoing factors

and the other risks and uncertainties described in documents filed by

Matterport from time to time with the U.S. Securities and Exchange Commission.

These filings identify and address other important risks and uncertainties that

could cause actual events and results to differ materially from those contained

in the forward-looking statements. Forward-looking statements speak only as of

the date they are made. Readers are cautioned not to put undue reliance on

forward-looking statements, and Matterport assumes no obligation and, except as

required by law, does not intend to update or revise these forward-looking

statements, whether as a result of new information, future events, or

otherwise. Matterport does not give any assurance that it will achieve its

expectations.

Source - Matterport, Inc.