The management tool that gives Asset Managers a consolidated view of their real estate assets

Can you present AEW and explain what you do?

AEW is one of the global asset managers of respectable size since it manages just over 80 billion real estate assets worldwide, divided into three platforms: United States, Europe, and Asia. Europe being the largest establishment with 38 billion. Manager for third party accounts and fund creators. So we have institutional and private clients, since we also manage SCPIs, public OPCIs, with assets spread across all asset classes.

I manage Asset Management for France. So the two teams: ex institutional and ex SCPI perimeter. That represents a little over a hundred people in France. Since February 1, the teams have merged and are learning to work together using the same operating methods, even if the purpose is not always the same.

How did SONEKA help you integrate the two teams?

Yes because SONEKA is really the central asset management tool. It is The management tool.

Before SONEKA, we had a cash flow tool.

If I have to summarize how an Asset Manager worked, whether institutional or general public, he managed his asset, which is a small vehicle, with a large rear-view mirror that gives him exactly everything we saw and did in the past, two or three external dials that give him the outside temperature. But as he drives, he sees his retro. He can't fly, and he can't project himself.

And so SONEKA reduce the rearview mirror and gives visibility and allows assets to be projected.

Overall, it must drive value creation. At the general public level, it will be more like managing distribution after three years, so there must still be visibility ahead. And the institutional sector needs to project itself to see how much value it will create.

So yes SONEKA, as a central asset management tool, helps to converge working methods.

Does SONEKA help you manage such an important team?

Yes, I wouldn't tell you otherwise.

What I was telling you is SONEKA is the central tool. So it's actually SONEKA is the source that will allow us to create all our reports. SONEKA allows us to consolidate, allows us to have a customer, tenant, and retail focus. And that we are transversal of all asset classes in France and tomorrow in Europe.

The entire sustainable development aspect will also be integrated into SONEKA. We see the constraints we have that are becoming stronger and stronger on the part of the regulator on a certain number of things we have to do. And SONEKA will allow us to have this consolidated vision.

We must imagine with a wealth of 1,800 assets, if we did not have a tool that allows us to consolidate easily, it's days, weeks of work to consolidate data.

But now it's native.

How is the relationship with the SONEKA team going on a daily basis?

It is very good.

What is exciting and interesting is to share our desires, our letters to Santa Claus, and to translate them into very concrete things that we can put into the application.

Is there anything else you would like to share about SONEKA?

Well listen to me I am delighted that we have this.

It was an excellent decision that was taken at the time to set up SONEKA.

I feel that Asset Managers are taking ownership of it more and more, and see all the benefits. So as soon as it is accepted by Asset Management, by the employee, the middle managers and above can only applaud, because that means that What has been put in place is used to create value.