Viva Industrial Trust Management (VIT) will leverage cloud-based property management and automated budgeting solutions from Yardi to manage its 2.4-million-square-foot business park and industrial property portfolio.
VIT selected Yardi Voyager®, a browser-agnostic, mobile enabled Software as a Service (SaaS) platform that utilises the latest in cloud services technologies. VIT has its own installation of the application and its own secure database, allowing the company to control program versions and upgrades.
VIT anticipates faster budget review completion, highly accurate budgeting and forecasting, timely calculation of net present values and internal rates of return, and advanced commercial tenant analytic reports from Yardi Advanced Budgeting & Forecasting™.
“We were impressed with Voyager’s extensive functionality, ease of use and strong local presence. Voyager will help us make well-informed business decisions by improving our business processes resulting in better service for our tenants,” said the financial controller of VIT, Mr Lawrence Chan.
“VIT is one of many real estate investment trusts (REITs) to recognize the benefits of applying proven property solutions that solve critical business challenges,” said Neal Gemassmer, vice president of international for Yardi. “We are excited to welcome VIT to our growing roster of Asia Pacific clients.”
About Viva Industrial Trust Management (VIT)
Viva Industrial Trust (vivaitrust.com) is a Singapore-focused business park and industrial trust listed on the Mainboard of the Singapore Exchange (SGX-ST), which comprises Viva Industrial Real Estate Investment Trust (VI-REIT) and Viva Industrial Business Trust (VI-BT). VIT focuses on a diversified portfolio of income-producing real estate that is used predominantly for business parks and other industrial purposes in Singapore and elsewhere in the Asia Pacific region. VIT properties cover an aggregate gross floor area of 2.4 million square feet. Its 11 buildings serve more than 100 tenants.
Now in its fourth decade, Yardi® (yardi.hk) is committed to the design, development and support of software for real estate investment management and property management. The Yardi Voyager™ system is the most comprehensive single real estate management platform on the market today. Yardi serves clients around the world from offices in Australia, Asia, Middle East, Europe and North America.
Writer: Joel Nelson Senior Writer +1 800-866-1144 x1255 joel.nelson[.]yardi.com