PropTech Insights: Shannon Commercial Properties
David Neylon, Capital Sales Executive at Shannon Commercial Properties and Neal Gemassmer, Vice President of International at Yardi, discuss Shannon’s proptech strategy, how the company and has been impacted by Covid-19 and Shannon’s future plans to invest in proptech.
Embracing PropTech for Change
“When I joined the company, we had many disparate systems including several spreadsheets. In 2015 we went to market for an all-encompassing system to run all of our operations and Yardi was the solution for us”
David Neylon, Capital Sales Executive
Shannon Commercial Properties
Shannon Commercial Properties, part of Shannon Group, continues to be one of the fastest growing commercial real estate companies in Ireland. With over 1.7 million Sq. Ft. of industrial and office space, Shannon has performed well even during challenging times brought by the pandemic. The company continues to break records, including being the first to develop a new airplane hangar in Ireland since 20 years ago.
Shannon is heavily invested in technology and in a bid to streamline processes, tenant engagement and staff productivity, the firm chose to utilise Yardi’s connected platform.
“When I joined the company, we had many disparate systems including spreadsheets. In 2015 we went to market for an all-encompassing system to run all of our operations and Yardi was the solution”, David Neylon, Capital Sales Executive at Shannon Commercial Properties.
“We did a staff survey a year after implementing Yardi’s technology and staff satisfaction was very high. We’re always looking for technology to help make staff’s day-to-day lives easier”, Neylon continues.
Neylon explains the impact of Covid on the business, “Although Covid hasn’t impacted Shannon too much, currently, most of our office operations are managed by staff working from home which is another example of how technology is an enabler. The benefits of Yardi have been clear to see throughout Covid. If Covid arrived 10 years ago, we would have been in a big mess!”
Shannon has a development land bank of 1,500 acres and looks to continue its growth with a ‘build it and they will come’ strategy.
“We’ve got a very ambitious investment programme to roll out over the next five years. We have a ‘build it and they will come’ approach which has worked well for us over the last five years and we hope it will for the next five to ten.”