Grosvenor Selects Yardi Voyager

LONDON, December 20, 2011 /PRNewswire/ --

Yardi Systems, one of the leading developers of software for the investment, asset and property management sectors, announces that the property company Grosvenor has selected Yardi Voyager™ as its new UK property portfolio management and finance system.

Brian McShea, Grosvenor's Group IT Director said "This project is the most critical technology-driven change project we have had in Grosvenor Britain & Ireland for many years.  We are working with Yardi to create a platform that will enable the business to operate more efficiently and will provide all users with the tools to obtain on a timelier basis much greater insight into the operational and financial performance of all parts of the business. This will help us improve as a business and deliver an exceptional service for our customers and partners."

"We are very excited that Grosvenor hasselected Yardi to play such an important role in their business transition programme," comments Richard Gerritsen, Regional Director for Yardi Europe. "This implementationdemonstrates the highly effective nature of Voyager to initiate operational change and business efficiencies aimed at growth and increasing business performance on a large scale."

About Grosvenor:

Grosvenor is a privately owned property group with offices in 18 of the world's most dynamic cities. It has four regional investment & development businesses in Britain&Ireland, the Americas, Australia and Asia Pacific; an international fund management business, which operates across these markets and in continental Europe; and a portfolio of indirect investments. As at 31 December 2010, the Group had total assets under management of £10.9bn. Unusually for a private company, Grosvenor publishes a full Annual Report & Accounts, available at: http://www.grosvenor.com  

Grosvenor Britain & Ireland's strategy emphasises the creation and management of successful places, with a particular focus on high-end residential and mixed-use. The core portfolio comprises 300 acres of Mayfair and Belgravia in London, which first came into the Grosvenor family in 1677. Ownership and active management of its London estate remains at the heart of Grosvenor Britain&Ireland's strategy. Investment assets comprise the largest part of its portfolio. Grosvenor Britain&Ireland also undertakes development across London, and in selected city centres around the UK. As at 31 December 2010, Grosvenor Britain&Ireland had assets under management of £3.5bn.

About Yardi

Yardi Systems has been committed to the design, development and support of realestate investment management and property management software for more than 28 years. The Yardi Voyager™ system is the most comprehensive single realestate management platform on the market today. Yardi serves clients around theWorld from offices in Europe, North America, Asia and Australia. More information about Yardi products and services is available at http://www.yardi.co.uk

Press Contact:
Martin Gedny - European Marketing Manager
Yardi Systems Limited
+44(0)1908-308400
Martin.gedny@yardi.com

SOURCE Yardi Systems