DWS deploys leasing management solution across 39 million sq ft of its pan-European portfolio
DWS today announced it has started to roll-out a digital leasing management solution for 39 million square feet across more than 150 properties in its pan-European commercial asset portfolio.
DWS is driving operational efficiencies across its real estate asset management division as part of its tech-driven European real estate strategy. Based on VTS Lease, the solution enables DWS to access critical deal and tenant information from anywhere in real time, improving productivity and accuracy for leasing teams and providing visibility into portfolio risk and opportunities. DWS is the first German headquartered asset manager to roll out VTS across its commercial pan-European real estate portfolio.
VTS Lease will transform the asset management team’s capabilities, enabling DWS to be more collaborative and efficient, whilst providing unparalleled insights to its client base of international investors. The digital leasing process provides the DWS real estate asset management team with more capacity for creating value, and also enables them to make better informed decisions based on leasing performance data.
Benita Schneider, Head of Real Estate Asset Management, Europe, at DWS, said: “We are focused on providing an active asset management approach which ensures we retain our competitive edge in the leasing market. Rolling out this solution across our portfolio is an important milestone in ensuring that we reduce administrative efforts for our asset management teams, embrace innovative solutions to enable us to be more collaborative with internal and external stakeholders and have access to real-time information to help inform our strategy.”
Charlie Wade, EMEA Managing Director of VTS said: “It is more crucial than ever that real estate owners have visibility into the relationship with their tenants and the performance of their portfolios. Harnessing real-time data insights to drive strategic decision making is the game changer, especially on the scale that is available to DWS. VTS Lease facilitates increased portfolio value by enabling owners to proactively identify occupier risk, collaborate with local teams to efficiently lease space, and proactively manage the relationship with the current or future customer. DWS is leading the way in digital transformation across asset classes and we are really excited to be partnering with them in Europe to ensure they maintain that competitive edge.”
DWS’s pan-European portfolio in scope for the solution comprises industrial, office, and retail assets across 13 countries including Germany, France, Poland, Italy, and the UK. The solution is being rolled out in properties such as WestendDuo office tower in Frankfurt, Germany, Diagonal Mar Shopping Centre in Barcelona, Spain, and Kering’s Global Logistics Hub in Trecate, Italy.