The post Real estate trailblazers Newsec and Moderan sign a strategic Pan-Baltic cooperation agreement appeared first on Moderan.
]]>International real estate consulting company Newsec and leading proptech company Moderan announce a strategic pan-Baltic collaboration. The partnership between two industry leaders signifies a new era of innovation and digitalization in property management across the Baltic region.
Moderan software sets itself apart with efficient solutions that digitize all aspects of property management, automating rent processing, utility management, and offering real-time access to comprehensive property data along with periodic reporting.
Within the cooperation, Newsec, a leading player in the property industry uses Moderan software for all its property management processes. By combining Newsec’s industry expertise and vast market presence with Moderan’s state-of-the-art property management software, this partnership promises to deliver unique solutions for their customers, including renowned players like Eften Capital and Capitalica.
Rida Kalvaitienė, Head of Newsec Property Asset Management in the Baltics says that digitalization is a big part of their ongoing dedication to service excellence: “Moderan and Newsec both serve real estate leaders, fostering a spirit and synergy of innovation. It’s also important that Moderan platform provides us with a comprehensive view of our processes across the Baltics. I’m confident that our partnership with Moderan will help us deliver unparalleled value to our customers, enhancing operational efficiency, portfolio value, and sustainability.””
Kristi Hakkaja, the CEO & Co-Founder of Moderan says that most progressive real estate companies trust Moderan: “With our extensive experience in commercial real estate, we can offer the best digital standard for Newsec’s processes. The real estate and property sector is experiencing a transformative period and companies that embrace digitalization can maximize their properties’ potential. We’re beyond excited to be a part of this next chapter of the Baltic real estate scene.”
Newsec is a full-service property house in Northern Europe, providing property management services, facilitating real estate investment transactions, and offering valuation services. With a strong presence in Lithuania, Latvia, and Estonia, Newsec is committed to delivering superior quality and expertise to its clients.
Moderan is the go-to property management solution for commercial real estate owners, specializing in automating lease and utility management, and portfolio reporting, including CO2 calculations for ESG reporting. Moderan’s cutting-edge solutions help optimize property management processes and portfolio performance. Moderan software is used to manage over €6 billion worth of assets in the Baltics and beyond.
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]]>Moderan customers manage more than € 4 billion worth of assets and 8 000+ leases all over Europe. Commercial real estate portfolios come in all shapes and sizes but they often face similar problems. Moderan is an all-in-one solution for Commercial Real Estate management, combining properties and spaces management, lease rent-roll tools, automated utility calculations and thorough reporting. It is as flexible as Excel, but easier to use.
Moderan loves to work with real estate managers who come up with interesting and innovative tenant-centric solutions. And we offer them the toolbox to manage even the most complicated CRE portfolios.
Even though all our customers are different and some have very specific needs, the most common Commercial Real Estate management problems are roughly the same for them all. Solving these problems give CRE owners and managers significant gains in revenue and property value.
Here are 4 of the most common issues of CRE lease management.
Most CRE owners manage at least 50 leases, but usually hundreds or thousands. Managing the information is tough, reporting even more so, especially if you have hundreds of leases and each of them with very different terms. Often CRE managers are still using Excel and/or some legacy software that no longer matches their day-to-day needs. Their lease information is not centralised and automated. Managing the portfolio takes a lot of manual labour which wastes time and causes errors in the data.
SOLUTION: Moderan keeps all your property and lease information in one place, for everyone. You get an instant real-time overview of the properties. All reports are always up-to-date and only 1 click away. And, you can give each property manager access only to the properties that they manage, while you have an overview of the entire portfolio.
Managing space size changes and vacancies is one of the key challenges in CRE. The space one tenant occupies can consist of one or several units. And the size of each space can change constantly – in a shopping centre, any new tenant would usually have their space totally rebuilt at the beginning of their lease.
All these changes in spaces need to be automatically reflected in rent and utilities calculations, but even more so in all your portfolio reports. Not only is the space distribution between tenants changing, but the total leasable area of the building would typically change when a new office tenant chooses to rent a whole floor, including the corridor between the cabinets.
SOLUTION: This is the area where Moderan is particularly useful. You can easily manage all spaces, their sizes and their history. All vacancies are highlighted by colour, so you get an instant overview across your portfolio. And you have a history of prior tenants and rent prices for each space.
In any CRE portfolio, there are always a bunch of deadlines coming up with different spaces. For example insurance requirements, upcoming indexation windows, notice periods for regular contract termination, etc. Missing those deadlines can cost the landlord some serious money.
SOLUTION: Moderan gives you timely reminders and puts you in control of your deadlines. This means both email reminders and a task list of upcoming (and overdue) tasks.
Calculating utilities in Excel can take hours, if not days. You have to take into account all the vacancies, mid-month tenant changes, different contractual exceptions, etc. There’s a high risk of making errors in Excel (see problem 1 in this article) and you might end up with reimbursement claims from the tenants.
SOLUTION: We have built a solution specialised on Commercial Real Estate management, with a standardised setup and a powerful tenant exceptions management tool. You only have to import the readings (or have them integrated with a remote metering system), insert the utility charges and your monthly calculations can be done in a matter of minutes.
Find out more about the topic and watch a live demo of using Moderan software from our webinar.
If you have more questions in detail, feel free to arrange an online meeting with our team lead specialist and we will be happy to answer all your questions. Just click on the button below and book a free online meeting. We speak 6 languages.
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]]>Proptech has been a hot topic in real estate for a while now, but in 2020, Covid left an understandable dent to the whole real estate industry. With travel restrictions, lockdowns and working from anywhere shift, the property industry along with proptech companies initially took a hard hit. In 2020, global venture capital in commercial real estate proptech dropped sharply after the pandemic hit by almost 80% compared to 2019. Yet, the sector successfully weathered the test, most of them are seeing a rise in sales and vigorously recruiting new people.
Property management digitization is on fast forward
Moderan Co-founder & CEO Kristi Hakkaja notes: “After the initial shock, the pandemic might even have been a blessing in disguise for property management tech companies. On the one hand, real estate managers needed to work as efficiently as possible to mitigate the situation and keep costs low, on the other hand, the tenants were expecting more professional and flexible service than ever before.” This only ignited the growing hunger for technology.
Even though many companies still use spreadsheets as the primary tool, there are specialized solutions to automate most key processes, i.e. leasing, budgeting and reporting. Yet, many CRE companies are still unsure which solutions could deliver the highest return on investment. Moderan gives them the tools and the high-quality data they need.
Moderan software makes upgrading from Excel and maximizing commercial property revenue easy. It’s focused on the unique needs of commercial property management, offering property and spaces management, as well as the most extensive lease rent-roll tool and automated utility calculations.
Moderan is going strong in 2021
In 2021, Moderan has been going and growing strong – the team has grown by 80% in the past year and they’ve expanded to 4 new markets: Czech Republic, Slovakia, Canada and Hungary. Their software is used to manage over € 3 billion worth of assets with more than 2 million m² of leasable space, 650+ buildings and 10 000+ tenants.
As a nice change that also supports fast expansion, on-site real estate expos and forums are finally back. This year, Moderan has participated in 6 events all over Europe, from EXPO Real 2021 in Munich with nearly 20,000 participants, to our own Commercial Real Estate Management Conference in Tallinn where Moderan was discussing “Concerns and solutions for the introduction of CRE technology”. And across Europe, Moderan was present at the Polis Convention in Düsseldorf, The Baltic Real Estate Leaders (BREL) Forum, Baltic Real Estate Investment Forum & Awards (BREIF), and Prague Property Forum, which all bring together the key players in the region. Good job to all the organizers for managing these great events yet again!
It was also a pleasure to see Moderan customers being recognized for their innovative approaches. On BREIF Awards 2021, recognizing the best projects of the year, Moderan is proud to have been able to support many of the winners and nominees, i.e. Kaamos, VPH and Colliers (for SĀGA Shopping Center).
Moderan partner and integration network is also growing in leaps and bounds. This year alone they’ve integrated with Standard Books and Visma Horizon (accounting), Siemens Desigo CC, Agatark, Delta E, Fidelix (remote metering), Casavi. Wowflow (facility management) and many more are also on the way.
Kristi Hakkaja says that Moderan is continually hiring and expanding: “We’re growing in all aspects and we are happy to see key players like EFTEN Capital, Capital Mill, Riga Plaza & IAD Investments placing their trust in us. It’s definitely motivating to see that from Baltic top 10 local CRE players, 60% already use Moderan or have started a pilot. Furthermore, working with Slovakia’s largest real estate fund this year has taught us a lot about the specifics of the Central European property market. This all comes to show we’re doing the right thing.”
Looking ahead to 2022 and beyond
In the upcoming years, technological solutions are becoming ever more important. For one thing, environmental requirements are causing a surge in data needs. Over the past years, numerous building certification systems (e.g. LEED or BREEAM) have been established worldwide, aiming to make the building sector more sustainable or future-proof. According to these standards, buildings should not only be planned, constructed and renovated sustainably, but also operated sustainably.
Both publicly listed funds and corporate tenants are striving to be ESG (Environmental, Social, and Governance) certified. Anyone looking to conduct high-quality environmental analysis, should have started collecting detailed data yesterday. Moderan has provided customers such data collection tools for some time now – as a result, all Moderan users have accumulated detailed data for several years. They’ll have no problem in generating sufficient reports needed for these certifications.
“One of our large corporate tenants requested a 12-month overview of their energy consumption for each meter, which they need to provide for the corporate ESG reporting. They were pleasantly surprised, when I delivered it to their mailbox in less than 20 minutes. This is what Moderan has enabled us,” summarizes Jānis Benfelds from Mūkusala Business Centre the value Moderan generates for complex business centres.
On another environmentally related note, the constant electricity price fluctuations make efficient utility calculations more important than ever. The tenants will expect even more precise metering and utility cost calculations and analysis. Moderan’s powerful utility calculation engine makes monthly utility calculations easier, smarter and faster than ever.
All in all, using the right tools and efficiently utilizing data will help CRE companies work smarter and greener and uncomplicate property management for all parties involved. As Kristi Hakkaja notes: “We’ve seen first hand how real estate companies committing to adopting new technologies have the right mindset and tools to beat competition and turn challenges in their favour. Moderan in looking forward to even bigger appetite for proptech solutions and growth in the upcoming year.”
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