Country for PR: United States
Contributor: PR Newswire New York
Wednesday, June 09 2021 - 06:15
AsiaNet
Jellis Craig Stonnington Leases Australia Properties Faster and Cuts Costs with Matterport
SYDNEY, June 9, 2021 /PRNewswire-AsiaNet/ --

--Leading agency successfully leases properties during lockdown, while doubling 
agent productivity and reducing annual operating expenses

Matterport, Inc., the leading spatial data company driving the digital 
transformation of the built world which has entered into a definitive agreement 
to enter into a business combination with Gores Holdings VI (NASDAQ: GHVI, 
GHVIU, and GHVIW), today announced that one of Australia's leading realtors for 
sought-after Melbourne real estate, Jellis Craig Stonnington ( 
https://c212.net/c/link/?t=0&l=en&o=3186634-1&h=3483475775&u=https%3A%2F%2Fmatterport.com%2Findustries%2Fcase-studies%2Fjellis-craig-stays-ahead-competitors-matterport&a=Jellis+Craig+Stonnington 
), is accelerating its use of Matterport 3D technology to power and 
differentiate its high-end property listings with more authentic and immersive 
real estate experiences for customers. Using Matterport, Jellis Craig 
Stonnington reduced its annual operating expenses by nearly AUD$200,000, 
achieved significant sales conversions, and leased 80 properties sight-unseen 
during a three-month period. 

Logo - https://mma.prnewswire.com/media/1519327/Matterport_Logo.jpg 
Logo - https://mma.prnewswire.com/media/1526465/Jellis_Craig_Logo.jpg 

Jellis Craig Stonnington has also realised a number of business efficiencies 
using Matterport. The company doubled the productivity of its agents with more 
streamlined operations driven by virtual viewings. With 3D listings available 
to prospective buyers or tenants globally, Jellis Craig Stonnington has closed 
sales or lettings directly with interstate- or internationally-relocating 
clients, reducing its reliance on global relocation agents. Jellis Craig 
Stonnington estimates that its transition to listings with Matterport 3D 
experiences has saved it between $150,000-$200,000 per year.

New research from Matterport confirms growing demand for 3D listings, with data 
showing that 72% of renters would lease an apartment or home without ever 
seeing it in person if it included a 3D tour. 95% of people surveyed said they 
would be more likely to rent a property if its listing included a 3D tour. 
Matterport provides dimensionally-accurate digital twins filled with rich data 
to power 3D listings, enabling potential buyers and renters to view, interact 
with, and more deeply understand properties. Matterport's add-on features and 
integrations also give greater insight into properties - both for potential 
buyers and sellers, as well as real estate agents. 

Jellis Craig Stonnington is also leveraging Matterport's platform integration 
with PHORIA ( 
https://c212.net/c/link/?t=0&l=en&o=3186634-1&h=4007388113&u=https%3A%2F%2Fmatterport.com%2Findustries%2Fcase-studies%2Fphoria-creates-immersive-xr-experiences-matterport&a=PHORIA 
) which unlocks detailed intelligence and listing performance analytics to 
provide an in-depth view of how clients interact with listings, including what 
rooms and spaces they look at and for how long. This information enables Jellis 
Craig Stonnington to better understand prospective buyer engagement with a 
listing, such as comparing which rooms are being viewed within a property and 
making adjustments if inquiries are fewer than anticipated.

Sam Nokes, Head of Property at Jellis Craig Stonnington, commented: "Matterport 
technology aligns with Jellis Craig Stonnington's commitment to progressive 
thinking and innovation. As one of Melbourne's first realtors to adopt 
Matterport, we initially added 3D virtual tours to rental listings about four 
years ago. Since then, we have seen demand for 3D virtual tours quadruple, as 
clients are impressed by their authenticity. Matterport has enabled Jellis 
Craig Stonnington to win new business, as clients know our listings reflect the 
true condition of properties. We saw a surge in demand during the pandemic 
which has continued, and we plan to continue using Matterport going forward."

Bruce Wells, Asia Pacific Managing Director at Matterport, commented: 
"Melbourne's real estate sector is one of the most competitive in Australia, so 
estate agents must constantly differentiate to win clients. Matterport's 
technology enables real estate agents to achieve an edge through authentic, 
immersive and navigable 3D experiences, detailed analytics, and efficiency 
gains. By leveraging Matterport's powerful insights and integrations, Jellis 
Craig is positioning itself at the forefront of the sector's rapid 
transformation, which harnesses technology to drive deeper understanding and 
analysis of listing performance." 

About Matterport
Matterport is leading the digital transformation of the built world. Our 
groundbreaking spatial computing platform turns buildings into data making 
every space 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 
https://matterport.com and browse a gallery of digital twins ( 
https://c212.net/c/link/?t=0&l=en&o=3186634-1&h=985411022&u=https%3A%2F%2Fmatterport.com%2Findustries%2Fgallery&a=gallery+of+digital+twins 
).

In February 2021, Matterport announced that it has entered into a definitive 
agreement to enter into a business combination with Gores Holdings VI (NASDAQ: 
GHVI, GHVIU, and GHVIW), a special purpose acquisition company sponsored by an 
affiliate of The Gores Group, LLC, that will result in Matterport becoming a 
publicly listed company. Upon closing of the proposed business combination, the 
combined company will be named "Matterport, Inc." and intends to remain listed 
on NASDAQ under the ticker symbol "MTTR."

(C)2021 Matterport, Inc. All rights reserved. Matterport is a registered 
trademark and the Matterport logo is a trademark of Matterport, Inc. All other 
marks are the property of their respective owners.

For more information, please visit https://matterport.com/en-gb

About Jellis Craig
Jellis Craig is a leading real estate group based in Melbourne, Australia, that 
is distinguished by a commitment to progressive thinking and innovation. 
Founded in 1991, the company specialises in selling and leasing high-end 
properties in and around the Australian state of Victoria. 

For more information, please visit https://www.jelliscraig.com.au/

Matterport Media Contact:
Naomi Little
Global Communications Manager
press@matterport.com 
+44 203 874 6664

Investor Contact: 
Soohwan Kim, CFA
VP, Investor Relations
ir@matterport.com

Forward-Looking Statements

This document contains certain forward-looking statements within the meaning of 
the federal securities laws with respect to the proposed business combination 
between Gores Holdings VI, Inc. ("Gores") and Matterport, Inc. ("Matterport"), 
including statements regarding the benefits of the proposed business 
combination, the anticipated timing of the proposed business combination, the 
services offered by Matterport and the markets in which Matterport operates, 
business strategies, debt levels, industry environment, potential growth 
opportunities, the effects of regulations and Gores' or 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 but not limited to: (i) the risk that the proposed 
business combination may not be completed in a timely manner or at all, which 
may adversely affect the price of Gores' securities; (ii) the risk that the 
proposed business combination may not be completed by Gores' business 
combination deadline and the potential failure to obtain an extension of the 
business combination deadline if sought by Gores; (iii) the failure to satisfy 
the conditions to the consummation of the proposed business combination, 
including the approval of the proposed business combination by Gores' 
stockholders, the satisfaction of the minimum trust account amount following 
redemptions by Gores' public stockholders and the receipt of certain 
governmental and regulatory approvals; (iv) the effect of the announcement or 
pendency of the proposed business combination on Matterport's business 
relationships, performance, and business generally; (v) risks that the proposed 
business combination disrupts current plans of Matterport and potential 
difficulties in Matterport employee retention as a result of the proposed 
business combination; (vi) the outcome of any legal proceedings that may be 
instituted against Gores or Matterport related to the agreement and plan of 
merger or the proposed business combination; (vii) the ability to maintain the 
listing of Gores' securities on the NASDAQ; (viii) the price of Gores' 
securities, including volatility resulting from changes in the competitive and 
highly regulated industries in which Matterport plans to operate, variations in 
performance across competitors, changes in laws and regulations affecting 
Matterport's business and changes in the combined capital structure; and (ix) 
the ability to implement business plans, forecasts, and other expectations 
after the completion of the proposed business combination, 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 that will be described in Gores final proxy 
statement/information statement/prospectus contained in the registration 
statement on Form S-4, including those under "Risk Factors" therein, and other 
documents filed by Gores from time to time with the U.S. Securities and 
Exchange Commission (the "SEC"). 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 Gores 
and Matterport assume no obligation and, except as required by law, do not 
intend to update or revise these forward-looking statements, whether as a 
result of new information, future events, or otherwise. Neither Gores nor 
Matterport gives any assurance that either Gores or Matterport will achieve its 
expectations.

Additional Information and Where to Find It

In connection with the proposed business combination, Gores has filed a 
registration statement on Form S-4 that includes a proxy statement of Gores, an 
information statement of Matterport and a prospectus of Gores. The proxy 
statement/information statement/prospectus is not yet effective. The definitive 
proxy statement/information statement/prospectus, when it is declared effective 
by the SEC, will be sent to all Gores and Matterport stockholders as of a 
record date to be established for voting on the proposed business combination 
and the other matters to be voted upon at a meeting of Gores' stockholders to 
be held to approve the proposed business combination and other matters (the 
"Special Meeting"). Gores may also file other documents regarding the proposed 
business combination with the SEC. The definitive proxy statement/information 
statement/prospectus will contain important information about the proposed 
business combination and the other matters to be voted upon at the Special 
Meeting and is not intended to provide the basis for any investment decision or 
any other decision in respect of such matters. Before making any voting 
decision, investors and security holders of Gores and Matterport are urged to 
read the registration statement, the proxy statement/information 
statement/prospectus and all other relevant documents filed or that will be 
filed with the SEC in connection with the proposed business combination as they 
become available because they will contain important information about the 
proposed business combination.

Investors and security holders will be able to obtain free copies of the proxy 
statement/information statement/prospectus and all other relevant documents 
filed or that will be filed with the SEC by Gores through the website 
maintained by the SEC at www.sec.gov, or by directing a request to Gores 
Holdings VI, Inc., 6260 Lookout Road, Boulder, CO 80301, attention: Jennifer 
Kwon Chou or by contacting Morrow Sodali LLC, Gores' proxy solicitor, for help, 
toll-free at +1 (800) 662-5200 (banks and brokers can call collect at +1 (203) 
658-9400).

Participants in Solicitation

Gores and Matterport and their respective directors and officers may be deemed 
to be participants in the solicitation of proxies from Gores' stockholders in 
connection with the proposed business combination. Information about Gores' 
directors and executive officers and their ownership of Gores' securities is 
set forth in Gores' filings with the SEC. Additional information regarding the 
interests of those persons and other persons who may be deemed participants in 
the proposed business combination may be obtained by reading the proxy 
statement/information statement/prospectus regarding the proposed business 
combination. You may obtain free copies of these documents as described in the 
preceding paragraph.

Disclaimer

This document relates to a proposed business combination between Gores and 
Matterport. This document does not constitute an offer to sell or exchange, or 
the solicitation of an offer to buy or exchange, any securities, nor shall 
there be any sale of securities in any jurisdiction in which such offer, sale 
or exchange would be unlawful prior to registration or qualification under the 
securities laws of any such jurisdiction.

SOURCE: Matterport