M7 Real Estate Implements Yardi Advanced Budgeting and Forecasting™
Pan-European industrial real estate investor and asset manager enhances forecasting capabilities with enhanced property management technology
LONDON, April 2014 – Since becoming a Yardi client in March 2009, industrial investor and asset management company M7 Real Estate has enjoyed such a successful period of growth that the company now has offices based in Amsterdam, Copenhagen, Frankfurt and Warsaw and manages over 250 assets that comprise 17,000,000 square feet of real estate.
M7 Real Estate not only uses Yardi Voyagerwithin its own business, their property management and fund accounting partners also use the platform to ensure the integrity and accuracy of their property data. “M7’s business is extremely data heavy in nature,” explains John Croft, Director - M7 Real Estate. “The management of our real estate data and the ability to report quickly and accurately is a crucial part of our operations, the Yardi platform underpins this. We are now pleased to be implementing the Advanced Budgeting and Forecastingmodule which, as we move forward, will be used for all of our real estate forecasting.”
The scalable nature of the Voyager platform has suited M7’s growth pattern. Yardi Voyager has been rolled out across European operations in line with business expansion and following recent acquisitions in both the Netherlands and Denmark the company has utilised investment management and multi-currency translations with re-valuations and consolidation capabilities.
“We are pleased that M7 continues to leverage Voyager and that the dynamic nature of the platform easily expands functionality in-line with their growth patterns,” comments Colin O’Reilly, regional manager, UK sales at Yardi. “The flexibility of our solution helps the company meet evolving business requirements, achieve efficiency targets and maintain growth.”
About M7 Real Estate
M7 Real Estate is a leading pan European specialist investor and asset manager of multi-let light industrial real estate, with operations currently in the UK, Denmark, The Netherlands, Germany and Poland. Formed in 2009, the team consists of 40 staff.
M7 manages a portfolio of over 250 assets comprising 17,000,000 sq ft across the five jurisdictions with a capital value in excess of €600,000,000. Its JV partners include Oaktree Capital Management, Starwood Capital, H.I.G Capital and M&G Investments. For more information, visitwww.m7re.co.uk.
Now in its fourth decade, Yardi® is committed to the design, development and support of software for real estate investment management and property management. With the Yardi Commercial Suite™, Yardi Multifamily Suite™, Yardi Investment Suite™ and Yardi Orion™ Business Intelligence, the Yardi Voyager® platform is a complete real estate management solution. It includes operations, accounting and ancillary processes and services with portfolio-wide business intelligence and platform-wide mobility. Yardi is based in Santa Barbara, Calif., and serves clients worldwide from offices in Europe, Australia, Asia, the Middle East, and North America. More information about Yardi products and services is available at www.yardi.co.uk.
Martin Gedny – Marketing Manager (Europe & Middle East)
+44 (0) 1908 308400
Yardi Systems Limited
201-249 Avebury Boulevard
Milton Keynes – MK9 1AX