LONDON, April 13, 2017 /PRNewswire/ -- Prominent European real estate firms are turning to MRI Software, a global leader in real estate software solutions, to more effectively manage their local and global real estate portfolios and investments. Companies like Savills Plc, TH Real Estate, and others in the EMEA region have selected MRI Software's web-based Version X property management and accounting platform to drive global operational efficiencies and provide an intuitive online experience for users.
Real estate technology is poised to be an integral tool for owners, operators, and investors to adapt their strategies in response to the potential impact of political and economic change. According to a 2017 research report from KPMG, the real estate industry will have to "live with uncertainty on an ongoing basis, particularly around what Brexit is likely to mean in practice for the UK and the EU." Additionally, in a joint survey from PwC and the Urban Land Institute, entitled "Emerging Trends in Real Estate Europe 2017", sixty-one percent of survey respondents indicated they plan to tailor their real estate strategy in response to demographic and social changes.
"For real estate companies across the globe, the ability to make strategic business adjustments based on changing market conditions will be critical for future success," said Stephen Baker, Vice President, International and Strategic Markets at MRI Software. "MRI's open and flexible Version X platform gives real estate investors and managers the agility to make the best decisions for their business, even during uncertain times."
Savills Plc selects MRI Version X for property management
Savills Plc, a global real estate services provider, has selected MRI's Version X platform to drive operational performance and efficiencies for its commercial property business in key European locations. Savills is one of the largest real estate companies in the world, and its property management team manages 230,000,000 square feet of property with a capital value in excess of £30 billion.
"Savills is delighted to continue our journey with MRI Software," said Aron Feeley, Director and Head of Property Management Systems at Savills. "We continue to innovate how we provide solutions not only to our clients, but to our internal staff – be they property managers, financial analysts, operational, or site-based staff. We have developed a number of solutions that rely on MRI's core platform. Without MRI's open architecture, we simply wouldn't be able to deliver this level of innovation. Version X builds on this further by ensuring we can always integrate with best-in-class solutions."
TH Real Estate manages global investments with MRI Version X
TH Real Estate, one of the largest real estate investment managers in the world with c.$97bn in assets under management, is among the growing number of firms worldwide that benefit from MRI Software's premier web-based Version X platform. Following a successful upgrade, TH Real Estate now has more than 400 total users at locations throughout Europe on Version X, including more than 30 managing agents. Users have the freedom to access MRI's intuitive web-based interface from any device and any browser. TH Real Estate relies on MRI Software to track and manage a diverse set of holdings across multiple countries, including Austria, France, Germany, Italy, and the UK.
"The ability to access relevant property and investment data via the web gives our users and managing agents the freedom to focus on making the best decisions for stakeholders," said Mark Griffiths, Director of IT and Operations at TH Real Estate. "The MRI team gives us the expertise and support we need to manage our real estate business."
MRI's London-based global professional services team worked in partnership with TH Real Estate to deliver a powerful yet flexible web-based property management solution. MRI's unique ability to support local and global property management requirements gives TH Real Estate the flexibility to manage portfolio performance at the local and multinational level.
Savills provides consulting services in connection with commercial, residential and agricultural properties, property-related financial services and investment management, which includes investment management for institutional or professional investors. Savills operates from over 700 owned and associate offices, employing more than 30,000 people in over 60 countries throughout the Americas, Europe, Asia Pacific, Africa and the Middle East. For more information, visit http://www.savills.com/.
About TH Real Estate
TH Real Estate, an investment affiliate of Nuveen (the investment management arm of TIAA), is one of the largest real estate investment managers in the world with $97bn in AUM (as of 31 December 2016). Managing a suite of nearly 80 funds and mandates spanning both debt and equity across diverse geographies, sectors, investment styles and vehicle types, the firm provides access to every aspect of real estate investing. With offices in 20 cities throughout the US, Europe and Asia Pacific, over 500 professionals and 70 years of investing experience, the platform offers deep local expertise coupled with a sophisticated global perspective. TH Real Estate's investment, asset management and corporate strategies grow from a deep understanding of the structural trends that will shape the future of real estate and responsible investing beyond market cycles. This 'Tomorrow's World' approach sits at the core of our investment process and business operations, informing our long-term view of real estate investments for the enduring benefit of both clients and society. For more information, visit www.threalestate.com.
About MRI Software
MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI's comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses—from property-level management and accounting to investment modeling and analytics for the global commercial and residential markets. A pioneer of the real estate software industry, MRI develops lasting client relationships based on nearly five decades of expertise and insight. Through leading solutions and a rich partner ecosystem, MRI liberates real estate companies to elevate their business and gain a competitive edge. For more information, please visit www.mrisoftware.com.
SOURCE MRI Software