Derwent London adopts LEVERTON to streamline lease management
04 Oct 2018
LEVERTON announced today that Derwent London plc, the largest central London-focused REIT, has adopted LEVERTON’s AI-powered data extraction technology to streamline the process of managing its lease portfolio.
Derwent London plc owns and manages an investment portfolio of 5.5 million sq. ft. The multi-year agreement has Derwent London utilising LEVERTON’s data extraction software and services to accelerate the way in which the company accesses, interacts with and manages data across its entire portfolio.
LEVERTON’s award-winning technology automatically extracts and structures key data points from corporate and legal documentation, on average saving 60-70% of the time it takes for manual data abstraction.
Jennifer Whybrow, Head of Financial Planning & Analysis at Derwent London, said:
“We are pleased to be working with LEVERTON to speed up and improve the way we capture key commercial lease terms. We are always looking for ways to improve our business through innovation and leveraging the power of AI to achieve operational efficiencies fits with that ethos.”
Richard Belgrave, Chief Revenue Officer of LEVERTON, further added:
“We are thrilled to be working with Derwent London, a business that is continuing to pave the way in the industry by offering their customers the best services, while also working to find ways to improve their internal processes that add value to their team through the adoption of new technology that leads to better data management, and ultimately, smarter decisions.”