Drooms to provide digital data room to manage 2.8 million m² real estate portfolio for L‘Etoile Properties

16. July 2019

London, 16 July 2019: Drooms, the independent supplier of secure cloud solutions, is supporting the international real estate service provider L’Etoile Properties with its Drooms PORTFOLIO platform. In future, a total of 204 properties with a cumulative surface area of approximately 2.8 million m² will be managed via Drooms PORTFOLIO.

L‘Etoile Properties will be able to securely and intelligently manage its assets using the Drooms PORTFOLIO data room solution. The platform maps the entire life cycle of real estate assets, while all assets are also kept transaction-ready at all times. Drooms PORTFOLIO allocates a customised data room to individual assets and stores all data collected together on a single platform. The virtual data room solution contains an auto-allocation function based on Artificial Intelligence (AI): all incoming documents can be sorted quickly and securely indexed. The underlying algorithm learns from the user and subsequently indexes documents added to the platform autonomously.

Renée Meier, Managing Partner of L’Etoile Properties, commented: “We offer our international investors a one-stop shop for long-term support across the entire real estate investment cycle. Using Drooms PORTFOLIO, we are able to manage our data securely from a single source and grant access to this to everybody involved in the management process. This produces efficiency gains and streamlines working processes.”

Alexandre Grellier, co-founder and CEO of Drooms, added: “We are delighted to be supporting L’Etoile Properties with our product. Simple communication and secure data exchange are the key factors behind seamless asset management processes. As an independent, European company, we are able to guarantee the security of our customers’ data.”