Tristan Capital Partners teams with Drooms to maximise real estate value

Tristan Capital Partners, a pan-European real estate investment manager, has entered into a framework agreement with leading virtual data room provider, Drooms.

This is to collect, structure, host and exchange documents via a single online platform. The move from a number of standalone software systems to a single data room provider aims to facilitate the control and organisation of data by Tristan Capital Partners across Europe.

Previously, documents relating to Tristan Capital Partners’ investment portfolio have been stored online with a number of virtual data room (VDR) providers.

Jean-Philippe Blangy, managing director of portfolio and asset management at Tristan Capital Partners, commented: “During the procurement stage it was important to identify and select the most effective system and platform for our stakeholders.

“Drooms provides a number of key benefits. The centralisation of data in a secure and structured way streamlines processes contributing to increased efficiency and the speed at which we can move on assets.

“Drooms has provided a solution that delivers the technological flexibility and performance required to meet market needs”.

In February 2017, the firm began centralising its data as part of a longstanding plan to successfully innovate and streamline current practices.

By engaging with the EU service provider hosting the data on EU servers, Tristan Capital Partners is compliant with the Alternative Investment Fund Managers Directive, EU data protection legislation and European security standards.

The adoption of enhanced security measures will continue to reduce risk contributing to a new international standard for data management.

Jan Hoffmeister, Drooms’ managing director, commented: “Our goal is to empower experts by developing intuitive tools that don’t feel like a burden. With everything just a click away, decision-making can be more accurate and businesses more successful.

“Increasing market volatility is speeding up the rate at which companies need to bring their assets to market in order to avoid missing out on favourable opportunities. Offering a high degree of transparency, the new solution will increase reactivity and limit overall time spent on preparing for a transaction.

“Permanent virtual data rooms for the whole lifecycle of a fund can help make real estate market ready even at extremely short notice.”

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