LLB Immo an investment trust company, a subsidiary of Liechtensteinische Landesbank (Austria) AG, deals with the condition and administration of real estate funds under the Real Estate Investment Fund Act (ImmoInvFG) and the Alternative Investment Fund Manager Act (AIFMG) and manages real estate assets of around 750 million euros (as of August 2018).
“Our growth of assets under management is too big to manage all portfolios manually. The reliable and secure storage and checking of information as well as data is our top priority, “says Karin Baumgartner, Head of Risk Management.
Project start for the implementation of metamagix.ICRS was in January 2018. LLB Immo KAG opted for a comprehensive package including the discounted cash flow and portfolio matrix modules. From the individual modules, a system was compiled, which then was adapted to the individual requirements of LLB Immo KAG.
“As an investment company, a high level of data security and reliability is essential for us. With ICRs from metamagix, we have found a system that fully meets these requirements,” explains managing director Michael Schoppe.
Parallel to the ICRS-project, LLB Immo KAG changed the property management partner for parts of its portfolio, this new data connection already was realized quickly and easily via the existing metamagix.ICRS interface. “Thanks to ICRS, we can now retrieve portfolio analyses conveniently at the touch of a button. This not only saves us valuable time and resources, but also simplifies the planning and coordination of all activities, “concludes managing director Michael Schoppe.
Data security and rapid adaptation to the developments of the market, as well as comprehensive fund-data and KPI reporting are fundamental functions for LLB Immo KAG in order to manage its portfolios in a professional and up-to-the-minute manner – all this and more with the new solution – metamagix.ICRS. After only 9 months, the extensive project has been completed, and metamagix.ICRS is fully implemented and operational.