Yardi Platform to Manage Olympia London Redevelopment and Operations

London’s £1 billion renovation project to be managed on
Yardi’s flagship cloud-based property management, budgeting, forecasting and
accounting platform

London (11, June 2019) – Olympia London, a major mixed-use
redevelopment project owned by Yoo Capital and Deutsche Finance, will be
managed with Yardi Voyager®, a cloud-based and mobile-enabled
property management, construction, leasing and accounting platform. The
redevelopment of Olympia London will entail the transformation of the
130-year-old centre into a mix of exhibition, commercial, coworking, leisure
and retail space. 

In conjunction with Yardi
Voyager, Yoo Capital has also adopted Yardi® Job Cost, a cost control solution that
tracks budgets and improves forecasts, and Yardi® Procure to Pay, an end-to-end
procurement solution that simplifies vendor management, provides complete
visibility into spending and enables paperless invoicing.

“We chose to invest in a
modern technology platform to power the success of this high-profile project
from the ground up. Replacing spreadsheets and offline systems, Yardi’s solutions
will deliver a fully-connected development and accounting platform with
intuitive reporting for project cost tracking. Yardi Voyager will then be
utilised to manage developed assets post development,” said Andy Colman, finance
director of Olympia London.

“We’re very pleased to be
part of such an exciting project, and to be providing a technology solution
that will support the successful redevelopment of Olympia London,” said
Neal Gemassmer, vice president of international for Yardi. “We are looking
forward to helping manage all aspects of the development and supporting longer
term operational success after the project is completed.”

Learn more about how Yardi is supporting clients in the UK and across Europe.

About Yoo Capital

Yoo Capital, part owner
of Olympia London, is a private partnership with over $1.0 billion of AUM and
1.7 million square feet across Greater London in hospitality, leisure, retail,
commercial, residential and real estate operating companies. The firm specialises
in high value creation, turnarounds and special situations in urban
regeneration, corporate opportunities, restructuring and world-class place
making. The firm recently signed major capital commitments with Deutsche
Finance, a global German institutional investor, and is actively focused on
identifying and investing into real estate special situations. For more
information, visit the Olympia London website.

About Yardi

Yardi® develops and
supports industry-leading investment and property management software for all
types and sizes of real estate companies. Established in 1984, Yardi is based
in Santa Barbara, Calif., and serves clients worldwide from offices in Australia,
Asia, the Middle East, Europe and North America. For more information, visit yardi.com/uk.