"New York-based VTS expands internationally to help landlords, agents and asset managers tackle real estate's biggest challenges."
London, UK -- December 8, 2015 - VTS, the world's leading commercial real estate asset management and leasing platform, announced today the opening of its European headquarters in London, marking the company's first official expansion outside of the United States. With over 2 billion square feet of commercial real estate already managed on the platform, VTS is ramping up quickly in London through key local relationships with the city's top stakeholders including Blackstone, Brookfield Asset Management and Hines. To date, VTS manages more than 9 million square feet of commercial space in the city and, with an official launch planned for January, London's leading agents and landlords are already unifying around VTS as the new market standard for tracking and managing their portfolios.
"I am thrilled to join the VTS team to help bring the platform to stakeholders across Europe," said Charlie Wade, Managing Director, UK. "People here have been longing for a more streamlined solution to the fragmented and time-consuming process of managing activity across their portfolios, and the fact that VTS is founded and run by real estate professionals with first-hand experience of the industry only adds to the efficacy of the platform."
London's commercial real estate industry has been eager to adopt a technology platform like the one provided by VTS. Agents and asset managers have been forced to operate using the same outdated processes that have been in place for years -- a dynamic that is prevalent across the $12 trillion asset class. VTS is challenging the status quo by giving stakeholders the tools they need to access and update critical information in real-time, all from a mobile device.
"After a considerable time struggling with restrictive technologies and trying to customize bespoke products, we are excited to see a platform and team that truly understand the pain points we face everyday,"said Simon Ruck, Vice President of Asset Management, Brookfield Properties.
"VTS not only makes our team faster, but we expect it will enable us to leverage information and intelligence to help us make better leasing decisions."
"The London market has always had amazing parallels to the way business is done in New York, which makes it the ideal foothold for our expansion into Europe." said Ryan Masiello, Co-Founder and CRO of VTS. "At this point, we have the world's top institutional investors running their portfolios on VTS, which has created an amazing springboard for our growth into international markets. The opportunity in London is paramount to our global expansion plans and we're thrilled to have a team with the combined local market and technology expertise leading the charge for us on the ground."
In addition to deep ties to London and elsewhere in the UK, many of the world's largest landlords trust VTS to manage over 105 million square feet of commercial space outside of the US in countries like France, Germany, Singapore, China, Australia, Chile and Russia. With more than 2 billion square feet of commercial real estate currently under management worldwide, VTS is well on pace to own both the US and international markets.