MRI Software selected by UK Foreign Office to manage portfolio
The global real estate software firm will deploy Horizon to aid the UK’s Foreign & Commonwealth Office in managing its assets in over 220 locations around the world.
The FCO has become one of the largest Horizon clients, which provides quick access to property information and produces KPI reports and dashboards, managing more than 5,000 properties on the platform.
Dermot Briody, MRI’s executive managing director of Europe, said: “Supporting government departments and other organisations to ensure they are able to effectively manage extensive property and asset portfolios is central to what Horizon delivers.
“Horizon enables collaboration and efficient practices for large teams spread across various geographies.”
The functions supported by MRI’s Horizon software include:
- Lease management
- Lease accounting and compliance with IFRS 16 obligations
- Facilities management
- Health and safety compliance inspections
- Property condition inspections
- Forward maintenance bids
- Asset registers
- Property and asset valuations
St John Barton, strategic asset manager at the FCO, said: “The efficient and cost-effective management of our complex portfolio of properties around the world through the effective use of digital tools is critical to the operations of the FCO. Investing in and making the best use of technology is vital to achieving those aims.”
MRI’s Horizon is used by some of the largest property owners and occupiers, including Network Rail.