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An abandoned horse stable becomes a luxury SPA?

Are ESG consultants "dead" and why straw could replace concrete

This week’s lineup is a swim through the unexpected waters – from AI quietly making ESG consultants obsolete, to 360° tours that are actually converting leads. We’re also spotlighting why straw – yes, straw – could be your next high-performance building material. But our favourite feature this week?

🏛️ An abandoned horse stable in Milan has been reborn into Italy’s largest geothermal-powered urban spa. A tale of architecture, sustainability, and literal rebirth – this one hits close to our Pool-loving hearts.

Let’s jump in. 🏊‍♀️

A poolside view of the future 🏙️

Market Spotlight 

🐴 From abandoned Horse Stables to Sanctuary: 🧖‍♀️ Milan’s Spa Reborn

Image: Scuderie De Montel

How fitting for Proptech Pool to bring you this story – because this one starts with stables and ends with thermal pools! And honestly, I found it hard to believe when I read this incredible story of re-birth of a luxury building complex that had been long forgotten.

Built in the 1920s for the noble De Montel banking family, Milan’s ‘Scuderie De Montel’ was once a glamorous Art Nouveau stables. Then came war, complete decay, and decades of silence… until a thermal spring was discovered beneath the ruins in 2007.

Fast-forward to 2025: De Montel stables, (which for football fans, are conveniently located right behind the famous San Siro stadium), have been reborn as Italy’s largest urban thermal spa park – a sanctuary powered by geothermal energy and architectural vision.

What you’ll find there today:

  • 10 thermal pools sourced from 396 meters underground.

  • Four saunas, a hammam, treatment rooms, and lush green courtyards.

  • A full-circle sustainability system using geothermal energy, solar panels and rainwater reuse.

Led by Studio Marzorati Architettura, under the guidance of Italy’s Archaeological Superintendence, this project isn’t just about restoration – it’s a reimagining of place and purpose.

Swim through the full rebirth of Milan's finest Spa here.

🛠️ Virtual tours that convert! (not just impress)

Tactical Tip

If you’re still sending PDFs and static images to prospects, it’s probably time to level up. EyeSpy360 offers an end-to-end virtual tour solution built for real estate teams that want to close faster and smarter. Here’s what makes it more than just a visual gimmick:

  • Create 3D tours with a single 360° image – fast, scalable, no technical headache

  • Live video walkthroughs – guide prospects remotely through the space, just like you would in person

  • Browser-based and CRM-integrated – no app downloads, full lead tracking and follow-up flow

  • Up to 27% higher viewing-to-offer conversion rates – thanks to real-time interactivity and remote convenience

In today’s hybrid-first market, virtual engagement isn’t optional – it’s your new frontline marketing tool.
Now, it does sound like a great “top of the funnel” tool, yet I personally wouldn’t buy based solely on a 360 virtual tour. Would you?

AI Insight

🤖 AI-Powered Energy and ESG Management

How many hours are your teams spending just to track and report ESG data? Or worse – are you paying top dollar to consultants for something that could be automated?

Deepki’s Website

Platforms like Deepki and Envizi (acquired by IBM in 2022) are flipping the script.
They’re turning ESG and energy management from a resource draining chore into a streamlined, strategic asset. The system connects directly to your building systems and utility data, using AI to detect patterns, flag inefficiencies, and generate instant insights – no more spreadsheets, no more guesswork.

The impact?

  •  Energy costs cut by up to 25%

  • 📈 ESG scores improved across 100% of managed assets

  • 🌍 500+ million m² of real estate analysed in 50+ countries

Instead of annual audits and reactive fixes, you get continuous oversight and smarter decisions – in real time. From my recent discussions with industry professionals, it seems that 2025 is the year ESG consultants become more or less obsolete thanks to automation and SaaS... Let’s see!

💰Deals of the week:

In case you missed it

Tracera, an ESG software provider for real estate, raised a $12M Series A round led by Foundry. Tracera empowers property owners and managers with automated, auditable ESG data to meet sustainability goals and regulatory compliance.

Homelend, a homeownership fintech in Latin America, secured an $8M debt round led by RBR. Homelend streamlines the home buying process by connecting buyers with financing and managing transactions end-to-end.

viAct, a construction management platform using AI, raised a $7.3M Series A round led by Venturewave. viAct enhances construction site safety and compliance through real-time AI monitoring and ESG reporting.

FridayHarbor, an AI-driven mortgage platform, raised a $6M Seed round led by Abstract. FridayHarbor leverages artificial intelligence to simplify mortgage approvals and improve borrower experience.

Prosperty, a Greek real estate marketplace, raised a €5.5M Series A round led by Eurobank. Prosperty offers a digital platform connecting buyers, renters, and sellers with transparent property listings and seamless transactions.

Sustainability Breakthrough

♻️ Straw isn’t just for the countryside anymore

Photo: EcoCocon

It’s quietly becoming one of the most sustainable, 100% natural and high-performance construction materials on the market – and it's made from straw.

EcoCocon has engineered a modular straw panel system that transforms agricultural by-products into airtight, breathable, and super-insulated building blocks. Each panel is composed of compressed straw within a timber frame – outperforming many conventional insulation systems both thermally and environmentally.

What we found most interesting – this is not just about sustainability and moving away from typical PIR insulation (made from petroleum), but serious building performance:

  • 🌾 Carbon-negative from day one–up to 120 kg of CO₂ locked away per m²

  • ⚡ Operational energy use optimized by up to 85%

  • 🌬️ Exceptional indoor air quality –no toxins, no plastics, and fully vapour-permeable

  • 🛠️ Prefabricated - fast to install 

  • ❄️ Airtight yet breathable – meaning year-round thermal comfort and low energy bills

For developers and real estate leaders searching for low-embodied carbon solutions that don’t sacrifice on comfort, speed or performance – straw might just be the most future-proof material you’re not using (yet).

What do you think…. is this concrete’s last straw? 💀

Technical Recommendation:
Make sure you keep the straw dry during installation - otherwise it may get damaged with grass and mold growing on it!

Jake Meehan - PropTech Pool’s Architect Expert

🗓️ Real Estate Arena Hannover 2025

Upcoming Event

May 14–15, 2025 in Hannover, is one of Germany’s fastest-growing real estate events – built around dialogue, digitalisation, and deal-making.

  • Focus on mid-sized players and urban development – with a strong mix of public and private stakeholders

  • Covers key themes: proptech, sustainability, logistics, and future city planning
    Expect over 10,000 visitors, 250+ exhibitors, and a dynamic program of panels and networking

  • Strong emphasis on real conversations over sales pitches – it’s a business forum, not a trade fair

If you’re active in DACH or expanding into Europe, this is a sharp one to have on your radar. Details and tickets right here.

☀️ What’s on your mind?

I'd love to hear your thoughts on this week's newsletter!

What resonated with you the most, and what topics would you like to explore further? Let's connect on LinkedIn and chat about it.

Thanks for diving into the PropTech Pool!

Until next time,

The PropTech Pool Team 👙🩳🩱

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