We recently sat down with NewRiver, a leading UK REIT specialising in shopping centres and retail parks, to see how Yardi Deal Manager has helped to streamline leasing, centralise data, remove duplicate entries, and enhance portfolio-wide data integrity.
“Yardi Deal Manager has transformed how we manage leasing across our portfolio. The platform’s automation and real-time insights have significantly shortened the deal process. With seamless integration to Voyager, we’ve streamlined approvals and enhanced visibility across every stage of the leasing process.”
Richard Melville, IT Director, NewRiver REIT
The Company
NewRiver own and manage a portfolio of retail assets that provide essential goods and services to communities across the UK. These assets provide affordable and well-located space that is compatible with the increasingly omnichannel strategies of household retailer names.
NewRiver’s strategy is underpinned by four key pillars:
- Focused portfolio positioning
- Market-leading operating platform
- Financial flexibility and capacity
- Clear strategy for growth
The Challenge & Solution
Before adopting Yardi’s leasing management software solution, NewRiver’s leasing workflow was fragmented. The process spanned multiple platforms and required significant manual effort from property analysts, asset managers, and external leasing agents. In addition, with delayed insights and increased risk of data inconsistencies, the company required a connected platform to help streamline and automate processes.
To address these challenges, NewRiver implemented Yardi Deal Manager in conjunction with its existing Yardi Voyager system, integrating it directly with a data visualisation system for advanced reporting. The solution created a centralised, end-to-end leasing workflow, with live visibility across all deal stages – from negotiation to completion.
Results
With Yardi’s integrated solution, which is purpose-built for commercial real estate, NewRiver’s challenges were addressed head-on. By automating lease validation and updates, NewRiver saved approximately seven days per quarter for each of two analysts. Additionally, this efficiency freed up resources for higher-value activities, helping the team progress deals more quickly and reduce the lease validation turnaround time by 50%.
Furthermore, with automated updates and a centralised workflow, leasing data is more accurate and easier to verify. Tenancy schedules and expirations from Voyager are reliably transmitted to leasing agents, while approved deal data flows seamlessly back into Voyager as future leases, eliminating the need for manual re-entry. A complete digital audit trail tracks every stage, supporting compliance and better decisions.
Want to see how Yardi’s cloud technology can help you centralise data and enhance portfolio-wide data integrity? Get in touch and speak to an expert today.