Property companies build B2B alliance

UK property companies Stanhope and Rotch Property Group have launched a pan-European e-marketplace for the construction industry,...

UK property companies Stanhope and Rotch Property Group have launched a pan-European e-marketplace for the construction industry, writes Paul Mason

The alliance - named Asite - is backed by Microsoft and Commerce One and was announced in London last week.

Peter Rogers, director of Stanhope and chairman of Asite, said, "For years people have been talking about the need to improve the construction industry, and although there are some excellent examples, overall achievement is poor in terms of efficiency, quality and profitability.

"The Internet now gives us an opportunity to address many of the industry's problems by sharing best practice,encouraging standardisation, increasing transparency of information and improving procurement, collaboration, and logistics across the industry."

The alliance will launch a pilot early next year followed by a public launch in second quarter of 2001.

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