Tritax Symmetry Selects Yardi Software to Manage Growing Portfolio

The development arm of Tritax Big Box REIT will streamline portfolio
operations utilising Yardi’s fully connected property and asset management solution

Northampton, UK (23, Jan
20) – Tritax Symmetry, the
development arm of Tritax Big Box REIT, has selected products from the Yardi® Commercial Suite, a cloud-based real estate
technology platform, to streamline its property development, accounting and
asset management operations.

Tritax Symmetry is
replacing several legacy systems with a single connected software solution for the
development and ongoing management of its significant pipeline of logistics
assets.

In addition to Yardi Voyager® Commercial for property, leasing and tenant management, Tritax
Symmetry will implement Yardi® Investment Accounting for streamlined investment
accounting and asset reporting. Tritax Symmetry will also use products from the
Yardi® Procure to Pay Suite to simplify supplier management, provide
complete spend visibility and enable paperless invoicing, and Yardi® Job Cost to manage costs for capital projects,
track budgets and improve forecasts.

“Moving to the Yardi
platform is a strategic move for us given the size of our logistics portfolio
and the complexity of financial control around development activity. We were seeking
a single system that provides efficiency, transparency of asset performance and
the ability to report on projects and forecast through the full property lifecycle.
Yardi was an obvious choice,” said Will Oliver, finance director for Tritax Symmetry.
 

“We’re very excited that Tritax
Symmetry has chosen to manage its portfolio on Yardi. The scalable nature of
our solution accommodates the portfolio growth that Tritax Symmetry anticipates,
as well as transparency and accuracy in asset performance reports,” said Neal
Gemassmer, vice president of international for Yardi.

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

About Tritax Symmetry

Tritax Big Box REIT
purchased an 87% stake in db symmetry in February 2019. Now rebranded Tritax
Symmetry it has a land portfolio comprising 2,900 acres, capable of
accommodating 41 million square feet of B8 logistics space. For more
information, visit tritaxsymmetry.com and tritaxbigbox.co.uk.

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.co.uk.