Exhibition, event and conference space owned by Yoo Capital and Deutsche Finance, Olympia London, will go under redevelopment managed by property management, construction, leasing and accounting platform, Yardi Voyager®. The 130-year-old center will be transformed into a combination of exhibition, commercial, coworking, leisure and retail space, moving forward.
Yoo Capital has also taken on the Yardi® Job Cost, a cost control solution that creates budgets and improves the forecast of payments. The equity fund will also adopt the Yardi® Procure to Pay, an E2E collection solution that streamlines the vendor management process, enables a completely transparent sending procedure and allows for 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."
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