ASP to manage $500m portfolio

Property asset management company Knight Frank is turning to the ASP model to manage its property portfolio worth more than $500 million.

Property asset management company Knight Frank is turning to the ASP model to manage its property portfolio worth more than $500 million.

Knight Frank, has used OPM by Auckland-based Ofek Technologies for 10 years. However, with the latest version OPM Boston, Ofek will host the system remotely from its own premises.

Knight Frank CEO Ben Miller says the company has entered into a performance-based leasing arrangement and will use the system to manage more than 4500 systems around the country.

“We will focus on what we specialise in - property management services. Ofken will handle our systems requirements,” he says.

“In addition to minimising capital costs of purchase, modification and support usually associated with complex software, the new ASP platform will also provide online access for our company’s clients.”

Clients will be able to access the system via a VPN (virtual private network) for up to the minute information such as vacancy levels, arrears status, regional statistics and financial position.

Clients include companies such as Transit New Zealand, Mobil Oil, and the Office of Treaty Settlements, and client satisfaction with the system was a major factor in going with the new version.

Ofek Technologies managing director Yavin Orian says the system is Citrix-based and in the long term the company is working to offer versions that also run in a browser.

Used by more than 40 organisations throughout New Zealand, including city councils, government entities, and public and private property investment companies, OPM was developed by Ofek Technologies in 1989 and OPM Boston is the latest version was released 18 months ago.

Orian says Ofek will offer the system through its ASP to other companies starting with larger clients. Ofek also intends to take the product to the Australian market this year.

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