ICRS for one of Austria’s largest real estate holdings

ARE is wholly owned by Bundesimmobiliengesellschaft (BIG; federal real estate company) of the Republic of Austria and manages a portfolio of hundreds of marketable office, commercial and development properties.

Professional software for strategic portfolio and asset management is essential, especially for Bundesimmobiliengesellschaft m.b.H., one of the largest real estate owners, which has approximately 2,200 properties with a fair market value of nearly 12 billion euro.

At the BIG, the use of ICRS is implemented in several stages. During the first stage, the most essential modules for asset management were implemented at ARE Austrian Real Estate GmbH. In the meantime, this project has been completed and has proved to be a complete success; it was implemented within just five months and within budget. Our customer particularly appreciates the combination of an appropriate IT solution and metamagix’ specialist real estate know-how.

At the next stage, ICRS will be introduced and further refined at the BIG, too.

A market environment that is moving ever faster, increasing complexity and increasing demands on reporting call for a system that enables each user to get the right information and KPIs in a simple, fast and reliable manner to in the end be able to optimally and professionally control the real estate portfolio. We are pleased to note that ICRS has been selected for that purpose.