Via Outlets, an owner-operator of premium fashion outlets, has chosen California-based Yardi’s cloud technology to support growth across Europe.

Via Outlets offers a mix of premium international and local fashion brands in 11 locations across Europe. Providing experience-led local shopping, it has a 3Rs strategy of remodelling, remerchandising and remarketing. The company is set to see its portfolio grow significantly with planned developments and potential acquisitions.

The retailer will be implementing Yardi’s cloud-based and connected technology platform including: Voyager to centralise property management and accounting; Investment Accounting for accurate and fast investor reporting; Construction Manager to support construction projects in its growth strategy; Lease Manager to measure tenant performance; Retail Manager to automate key retail metrics and leasing activities; Commercial Cafe to communicate with retailers; Forecast Manager to create faster, more accurate budgeting and rolling forecasts; and Procure to Pay for paperless procurement.

“We’re excited that Via Outlets chose to manage its portfolio on Yardi and support its growth strategy by providing transparency, accuracy in reporting and the ability to achieve closer integration of daily retail statistics,” said Neal Gemassmer, vice president at Yardi.

The platform will drive operational consolidation, including the amalgamation of more than ten existing technology systems. Yardi’s offering will enhance collaboration between teams while helping integrate business information with retail trading data and communications between 1200 retail partners and the Via Outlets team.

“Consolidating our technology platform will further streamline operations as we look towards further growth,” said Peter Stals, chief financial officer at Via Outlets. “In today’s dynamic retail environment, it’s vital we have access to data that are fully integrated across functions, including the daily sales data we collect from our brand partners. As well as driving performance, this enables better communication with our brands and ultimately delivers an enhanced experience for our guests.”

Via Outlets was founded in 2014 and is owned by Dutch pension fund asset manager APG. It has 11 fashion outlets across Europe, offering over 1100 stores across 267,000m² GLA (gross lettable area) in nine European countries.

Yardi develops and supports investment and property management software for all types and sizes of real-estate companies. Established in 1984, it is based in Santa Barbara, California, and serves clients worldwide from offices in Australia, Asia, Middle East, Europe and North America.