Cromwell Property Group Selects Yardi Voyager for End-to-End Fund & Property Management Operations in Australia.

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Sydney, November 2011 – Yardi Systems, a leading developer of software solutions for the real estate investment, asset and property management industry is very pleased to announce that Cromwell Property Group has selected Yardi Voyager as platform of choice for their real estate fund and property management operation.

Cromwell Property Group is an ASX-listed property trust and funds manager with over $1.8b AUM in the office, retail and industrial sectors and was recently awarded the prestigious Fund Manager of the Year 2011 for Australia Property Securities by Money Management/Lonsec.

“After an extensive evaluation process, we determined that only Yardi provides a fully integrated real estate platform that met all of our needs in a single application”, comments Daryl Wilson – Chief Financial Officer, Cromwell Property Group. “Moving to a single, scalable platform will allow us to increase operational efficiency through all levels of our business, provide higher value client services and enable focus on our growth forecast”.

Cromwell will be implementing Yardi’s Voyager Investment Management and Property Management platform through Yardi’s Cloud Services. This approach provides a true end-to-end solution which will be managing business operations and processes from the tenants in the properties, up through asset and fund management.

“The key to meeting Cromwell’s requirements lay in the unique way in which Yardi’s solutions are developed to work in a seamless manner to reach across the spectrum of operational needs within real estate”, comments Neal Gemassmer, Vice President for Yardi Systems in Asia Pacific. “We are very excited to be working with Cromwell and are again pleased that our continued investment in Australia and New Zealand enables our clients to drive efficiencies and maximise performance within their businesses”.

About Cromwell Property Group:

Cromwell Property Group (ASX:CMW) is an internally managed Australian real estate investment trust (A-REIT) and property funds management business with in excess of $1.8 billion in assets under management. Cromwell’s Australian property focus enables it to provide a full suite of property related services including transaction sourcing, due diligence, property management, leasing, asset enhancement and realisation. The Group has significantly outperformed the S&P/ASX 300 A-REIT Accumulation Index by 3.5%, 17.6% and 13.7% over 1, 3 and 5 years respectively as at 30 June 2011.

About Yardi

Yardi Systems has been committed to the design, development and support of real estate investment management and property management software for more than 28 years. 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, Europe and North America. More information about Yardi products and services is available at www.yardi.com.

Press Contact:
Martin Gedny – International Marketing Manager
Yardi Systems Limited
+44 (0) 1908 308400
[email protected]

Yardi Sydney Ltd
Suite 3, Level 23,
25 Bligh Street
Sydney, NSW 2000
Tel: +61 (2) 8227 2200
Fax: +61 (2) 8227 2222
Email Inquiries: [email protected]

Trade Media Contact: Joel Nelson 805.699-2040, ext. 1255