Downing has chosen MRI Software, a global leader in real estate solutions, to support its expanding build-to-rent (BTR) portfolio.
The property developer, which is currently on-site delivering a £400m co-living scheme on First Street in Manchester, has selected the MRI LivingTM suite of solutions as its preferred platform for managing and enhancing its BTR portfolio.
The new neighbourhood, Square Gardens, comprises three buildings with 1,772 apartments. All residents will have access to amazing amenities including co-working spaces, a state-of-the-art fitness centre, media room and private dining facilities for hosting family and friends. It will also have 17,000 square feet of commercial, leisure and retail space that the developer is seeking tenants to enhance the neighbourhood.
This is the first co-living scheme for the company, which has a long history of successfully owning and managing assets across the commercial, retail, residential and student living sectors.
As Downing enters the co-living market, the company required a tailored solution that integrated with its existing finance platform.
The implementation of the MRI Living suite will empower Downing to streamline and digitise the entire leasing process, while also facilitating robust resident engagement.
The core property management solution will effectively oversee asset operations, ensuring efficient management across the entire BTR portfolio.