Under the agreement, Gaw Capital Partners will use products from Yardi's commercial suite for property management, accounting, asset and facility management for the new properties.
The private equity firm acquired the 12 malls from Link Real Estate Investment Trust for HK$12.01 billion in March, and has conceived an innovative approach to managing the malls with the aim of delivering quality service for tenants and creating engaging community hubs for locals and visitors.
Gaw Capital Partners will use the Yardi Voyager suite to manage property management and accounting needs in a single database.
"The ability to easily access reliable operational and financial data is essential to making the malls a productive part of our portfolio,” Gaw Capital Partners chairman and founder Goodwin Gaw said.
“Adopting the Yardi Commercial Suite allows us to have better control, more efficient processes and more reliable reporting that enables our asset managers to better leverage the data for asset management.”
California-based Yardi was established in 1984, and has offices in Asia, Australia, the Middle East, Europe and North America.
The newly acquired shopping centers are the retail areas and car parks within Ap Lei Chau Estate, Chun Shek Shopping Centre, Fortune Shopping Centre, King Lam Shopping Centre, Lei Tung Commercial Centre, Ming Tak Shopping Centre, Shan King Commercial Centre, Siu Hei Commercial Centre, the retail and car park within the Tai Ping Estate, Wah Ming Shopping Centre, Wah Sum Shopping Centre and Wang Tau Hom (Wang Fai Centre).