Cadogan EstatesWhy Cadogan Estates has chosen LandMark to manage its prestigious London portfolio
Few residential property portfolios are as synonymous with quality, history and the establishment as the Cadogan Estate. For almost 250 years the business has owned some of the most prestigious addresses in the capital. The present portfolio includes 3,000 luxury flats, 600 houses, 200 shops and almost 300,000 sq ft of commercial office space.
In recent years greater importance has been given to their investment into the commercial sector. An ongoing rationalisation of the residential portfolio has provided capital for the increased level of commercial investment.
With the strategy of commercial investment set to change in the future, it is very important that Cadogan Estates are able to ensure the efficient management of such a diverse collection of interests. Landmark is the perfect tool for managing and controlling Cadogan’s varied portfolio into the future.
The full complement of modern business tools
Despite its huge historic lineage Cadogan Estates is a modern company utilising the full modern business tools and as you might expect was extremely discerning in the choice of their property management and accountancy products. Cadogan Estates wanted a flexible and effective solution management system to meet the company's needs. They felt that Landmark 'ticked all the boxes' and gave them the control that they needed over all of their properties within the Estate.
Highly informed functionality
With the organisation and structure of the LandMark database being derived from 15 years of experience in dealing with large and complex portfolios it is easy to see the attraction to Cadogan Estates. As Cadogan's Financial Director Richard Grant says, "With such a long history it's hard to imagine just how varied and complex management of such a diverse portfolio as ours has become. We were looking for a user friendly, well supported, interactive system that could cope with a varied range of holdings, old and new, on an individual basis regardless of their age of contractual status."
Unique advantages for analysing financial reports
As LandMark is a true Windows based system, customised interrogation and reporting is easily handled by most popular reporting tools including Crystal Reports and Microsoft Access. Cadogan Estates have been able to compile reports quickly and easily alongside different views of their data that provide key management information upon request.
For Cadogan Estates the marriage of LandMark with their Dream accounting software offers its own unique advantages. Richard Grant again, "The powerful combination of LandMark and Dream now gives us the ability to look in fine detail at the portfolio, analysing and projecting financial performance right down to a single unit."
The personnel at Cadogan quickly adopted and integrated LandMark into their existing systems. Now firmly entrenched in the operational culture of the company, LandMark continues to play an important part in the fortunes of Cadogan Estates as it embarks on another 250 years of successful business.
