Grubb & Ellis and Manhattan Software form Strategic Alliance |
Relationship revolutionises commercial real estate managementLondon (4th November 2010) - Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, and Manhattan Software, the global leader in enterprise real estate software, today announced they have formed a strategic alliance, creating a unique real estate management offering unmatched in the commercial real estate industry. The combined strengths of the two firms, and the resulting synergies of this relationship, will allow both companies to service clients more effectively than ever before. “Grubb & Ellis is known for delivering best-in-class, forward-thinking management solutions that go beyond the day-to-day to create real value for clients looking to outsource their real estate function,” said Thomas P. D’Arcy, president and chief executive officer of Grubb & Ellis. “Our alliance with Manhattan was driven by the knowledge that combining disparate packages and reporting tools is far inferior to an integrated product that can manage the lifecycle of real estate from end to end. We believe that there is no better solution than Manhattan for our clients in need of a full-scale, comprehensive management platform.” The alliance between Grubb & Ellis and Manhattan is unique in that it will allow the two firms to work together with clients from the exploratory stage of a management engagement to deliver an integrated solution that offers unsurpassed visibility into their real estate operations, no matter where they are around the globe. Through the sharing of information, collaborative thinking and comprehensive approach both companies are known for, the specific needs of a real estate portfolio will be efficiently addressed – without costly overlaps. Equally important, clients can be confident that they are investing in a solution that will help them plan effectively for the future. “From the beginning, we focused on designing a platform that would allow real estate management decision makers to reduce occupancy costs, improve sustainability and release capital back to the business,” said Craig Gillespie, Chief Executive Officer, Manhattan Software Inc. “Our product delivers so much more than traditional property management software, and we are excited to be aligned with Grubb & Ellis professionals who share similar goals and objectives when working with clients. By combining our industry-leading expertise, we can help companies unlock the full value of their real estate.” Real state users have the ability to outsource management to Grubb & Ellis’ world-class experts while capitalising on an enterprise-system-level integration of all functions of real estate. Through a single, adaptable interface, Manhattan Software provides applications such as space planning, maintenance, project and portfolio management, lease administration and other functionality, as well as a full financial suite not present in other software packages. Its clients, including a number of Fortune 200 companies, have discovered this approach to real estate management is more efficient and effective than how real estate portfolios have been managed historically. About Grubb & Ellis Company About Manhattan Software Recognised as a leader by Gartner, Inc., in their Magic Quadrant for Integrated Workplace Management Systems (IWMS), the Manhattan suite comprises of over 30 modules designed to manage the complete property life-cycle and meet the requirements of real estate managers, investors, owners, occupiers, asset managers and property managers. With its heavy emphasis on research and development, quality assurance, system testing and customer support, Manhattan has built a substantial high-quality user base of multinational organisations - many with multiple locations around the world. Manhattan can be installed at clients’ sites as part of their IT infrastructure, or through the Manhattan Software-as-a-Service (SaaS) offering. For further Information: |