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CLS Holdings Adopts MRI Property Portfolio Solution

18.06.2020, 09:01

CLS Holdings Adopts MRI Property Portfolio Solution

FTSE 250 commercial property investment company CLS Holdings is deploying MRI’s property management platform across its operations in the UK, Germany and France.

By leveraging the platform to to improve financial processes and overall efficiency, CLS believes the deployment will support its growth strategy.

Andrew Kirkman, CLS Chief Financial Officer, says: “MRI was our preferred choice for a single property management solution across the Group to help us continue building up our operations and ultimately provide an even better service to our tenants. 

“MRI takes a consultative approach and we see them as becoming a trusted partner, enabling us to meet our business needs. The cross-border capability of the software will allow us to deploy one system across the organisation while simplifying and automating processes – and its flexible nature means that, if necessary, we will be able to integrate complementary technologies as CLS continues to grow.” 

The software supports core functions including property management, lease administration, service charge collection, property accounting, and business intelligence and accounting. 

Dermot Briody, MRI’s Executive managing director for Europe, says: “MRI empowers CLS to bring its diverse European portfolio into one cohesive platform that will generate business insights from data and enable more informed decisions. It is becoming increasingly challenging for property investors to navigate the sheer amount of data available from their extensive property portfolios – particularly when they are spread across multiple countries. However, with the right tools they can turn big data into smart data and gain actionable insights that help them maximise their assets and better serve tenants.”

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Staff Reporter covers the latest news, trends and opinion from the facilities management (FM) and corporate real estate (CRE) sectors. The FM market is currently estimated to be worth USD 1 trillion annually and is projected to grow at a compounded annualised rate of approximately 5% between now and 2026.

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