TechnologyOutlookSoft wins British Land REIT contract

OutlookSoft wins British Land REIT contract

Europe's largest listed property group installs OutlookSoft 5 to enable REIT analysis

British Land, the largest listed property group in Europe, has selected
OutlookSoft 5 to manage its new status as a real estate investment trust.

The FTSE 100 group will use the system to automate the rental income
forecasting of its £16.9bn property portfolio, which is focussed primarily on
the London Offices and Out of Town Retail sectors.

Previously, British Land used a number of Excel-based databases to monitor
and forecast the performance of each property in the portfolio. While this
provided access to top line data, it did not easily allow the forecasting of
future business scenarios, such as buying or selling new assets.

REIT legislation requires British Land to perform detailed entity-by-entity
computations to calculate its property income distribution and the income in its
residual business.

OutlookSoft will automate this process, which was handled manually in the
past.

Further reading:

Banking giant opts for OutlookSoft finance software

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