Leading European residential developer Bonava has teamed up with the award-winning property management software company Bidrento. According to Martin Rikolas, the Head of Development of Bonava Estonia, the company has been interested in exploring a new business venture for some time. Bonava Latvia has already opened its first build-to-rent building in Riga in October, while Bonava Estonia will welcome its first rental residents in December.
At Bonava, we see a growing trend in the Nordic and Baltic residential real estate market, moving more towards the Central and Western European model, where long-term renting of homes is becoming increasingly popular alongside home ownership. This new business direction requires a technological solution that is mature enough and at the same time is flexible and helps your portfolio to grow with it. This is exactly why we chose Bidrento, on one hand it is streamlining our rental portfolio management and on the other hand, it also offers our tenants a digital and innovative customer experience through the Bidrento App. That fits perfectly for our growing property portfolio.
Martin Rikolas, Head of Development of Bonava Estonia
We are thrilled to welcome Bonava as our client. In today's economy marked by high inflation rates, digitalization plays a crucial role in growing your business, ensuring a significant competitive advantage. Bidrento platform is a perfect fit for such companies as it supports the entire rental cycle management and provides needed digital solutions for both lease and property management teams, as well as their tenants.
Taavo Annus, BIdrento CEO
Bonava, a prominent player in the European residential development sector, boasts a workforce of 1900 employees who are actively involved in constructing homes across Germany, Sweden, Finland, Norway, Estonia, Latvia, and Lithuania. The company reported a revenue of 1.52 billion EUR in 2022.
Bidrento is a leading PropTech company that provides a Property Management Systems and one of a kind in the region Tenant Experience app that simplifies daily operations, boosts occupancy rates, and creates a better living experience for residents.
