WINNIPEG, Manitoba–(BUSINESS WIRE)–You’ve decided to take the plunge and streamline your operations with a CMMS – congratulations! Before you just install and instruct your team to start using it, now is the time to plan and plan diligently.

Implemented correctly, a CMMS can provide a single source of the asset management and health, reduce operational costs, increase customer satisfaction, meet regulations and become a center of the maintenance execution management.

Implemented poorly without proper buy-in and roll-out plans can turn your entire team off the idea of using software. Usage will be sporadic and complaints will be constant. Getting the team onboard again will most likely prove to be the biggest challenge and ultimate failure.

We’ve compiled the top steps to ensure your CMMS is implemented correctly with the highest chance of success.

1. Implementation Team
   When creating your implementation team be sure it is cross-functional, identify your champions and assign an owner.
2. Workflow and SOPs
   
   Document your existing workflows and be sure to question the whitespace in between the activities to determine if they are necessary. Once you know what you do and how you do it, then you can start adapting workflows to the CMMS.
3. Data Standardization
   This is the time to assess, validate and clean your data – before you upload it to your CMMS. Create a vocabulary, maintenance codes, job statuses and other standards you want to measure in the future.
4. Plan
   Have your team utilize your process documentation to start building the steps required.
5. System Configuration
   Now it’s time to configure the CMMS to receive data. That involves configuring forms, fields, dropdowns, refining flows and testing, testing, testing.
6. Training
   Adapt your training to the recipient so they can clearly see the value of making this change.
7. Launch
   Look at your stages of the project and launch it with the same approach.

These steps are a broad overview to success in your implementation. Follow them for each of your milestones, continue to assess and revise your processes and be open and receptive to feedback and suggestions from your team.

If you’re interested in a CMMS that’s designed to meet the maintenance demands of modern companies, start with Maxpanda. Let’s get some work done, together.

Contacts

Media:

Steve Kyriakidis

Email: steve@maxpanda.com
Phone: 1-424-272-6675

TORONTO–(BUSINESS WIRE)–Inovalis Real Estate Investment Trust (TSX: INO.UN) (“Inovalis REIT”) today announced that it has entered the Spanish real estate market with the purchase of two connected office buildings in Alcobendas, north of Madrid. The high-quality, modern office buildings, with approximately 118,400 SF of leasable space, are fully let to two blue-chip tenants from the aeronautical sector.

The leases are in line with market standards, including an annual indexation of rents to cover inflation and the full recovery of operating expenses. Current rents are lower than market levels, however the Inovalis S.A., the manager of the REIT, expects to align the rents with other competing assets over time, by improving the certifications and the cosmetic aspects of the asset at minor cost, offering tenants more services and a better experience in the building.

The property is part of the Arroyo de la Vega market, an established office area strategically located a short distance from downtown Madrid and the Madrid Barajas International Airport. It is near the A-1 highway, a major roadway that connects many corporate headquarters with Madrid. The building includes 250 parking spaces, modern and flexible space with state-of-the art equipment and great synergy for both tenants. It was built in 2001 and was recently refurbished.

Inovalis S.A. has been actively pursuing assets in the Spanish market since 2017 and now manages 10 assets in 5 cities, totalling $205 million of assets under management.

“We are thrilled to have closed our first transaction in Spain and our second acquisition of the year,” said Khalil Hankach, Chief Investment Officer of Inovalis REIT. “It is a result of Inovalis S.A.’s deep understanding and proven track record in asset management in this important and competitive market, where we have successfully negotiated leases, managed projects and executed a range of value-enhancing measures. Our asset management team builds long-term trusting relationships with tenants with a focus on enhancing the quality of our buildings and optimising tenants’ office experience. The REIT will pursue its growth strategy in the Spanish real estate market and portfolio enhancement through our innovative and hands-on asset management.”

The Transaction

Inovalis acquired the property from MERLIN Properties. It led the acquisition and sourced the financing conducted by Targobank.

Inovalis S.A. is a French fund manager with 25 years’ experience with all asset classes and with expertise in all principal fields of real estate. Capitalizing on its experience, Inovalis S.A. has the ambition to continue its expansion in the main real estate markets of Spain and to continue to focus on improving its properties to meet international environmental standards and certifications and on the quality of its servicing to tenants.

Investing in Spain

Inovalis REIT’s decision to invest in Spain is driven by its confidence in the strengths of the market, with a balanced risk/reward ratio, a positive outlook and potential for growth. The country’s economy is based on solid fundamentals, being central to Europe and throughout the world (with strong cultural and economic ties to South America). Under the EU’s long-term budget, coupled with NextGenerationEU, Spain is expected to receive up to $192 billion to be invested until 2026.

The Spanish Real Estate Market

Spain’s real estate market is well-developed with significant depth: office stock of more than 140 million SF for Madrid and almost 75 million SF for Barcelona. International investors were involved in approximately 80% of all real estate transactions in the country in 2021, and the market is supported by national, European and international financial institutions. Market liquidity continues to grow as both Madrid and Barcelona are now in the top 10 of investment projections in Europe for 2022. Spain is also attracting more businesses to its cities: Madrid has the fifth highest start-up density across Europe and Barcelona is well-regarded for its digital and innovative talent.

The Spanish market offers relatively high yields, low capital values and rents compared to other markets in major European cities. It also offers attractive opportunities in established and mature locations difficult to source elsewhere in Europe when assessing comparable risk and yields. In Inovalis’ experience, short term value creation is also possible by converting properties into prime assets within their micro locations and with a minimal capital effort by improving the ESG compliance of the properties, their visibility and identity.

All currency amounts have been converted to Canadian dollars ($) using an exchange rate of $1.37 per Euro.

Forward-Looking Statements

Certain statements contained in this news release may constitute “forward-looking information” within the meaning of applicable securities laws that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “intend”, “may”, “will”, ”project”, “should”, “believe”, “confident”, “plan” and “intends” and similar expressions are intended to identify forward-looking information, although not all forward-looking information contains these identifying words. Specifically, forward-looking information in this news release includes, but is not limited to, statements made in relation to: the acquisition of a new asset in Madrid and the REIT’s corporate objectives. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events, performance, or achievements of the REIT to differ materially from those anticipated or implied by such forward-looking information. The REIT believes that the expectations reflected in the forward-looking information included in this news release are reasonable but no assurance can be given that these expectations will prove to be correct. In particular there can be no assurance that: the REIT will achieve any of its corporate objectives. Given these uncertainties, readers are cautioned that forward-looking information included in this news release are not guarantees of future performance, and such forward-looking information should not be unduly relied upon. More information about the risks and uncertainties affecting the REIT’s business and the businesses of its royalty partners can be found in the “Risk Factors” section of its Annual Information Form and in its most recent Management’s Discussion and Analysis, copies of each of which are available under the REIT’s profile on SEDAR at www.sedar.com. All of the forward-looking statements made in this news release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, the REIT. The forward-looking information included in this news release is presented as of the date of this news release and the REIT assumes no obligation to publicly update or revise such information to reflect new events or circumstances, except as may be required by applicable law.

About Inovalis REIT

Inovalis REIT is a real estate investment trust listed on the Toronto Stock Exchange. It was founded in 2013 by Inovalis S.A. and invests in office properties in primary markets of France, Germany and Spain. It holds 14 assets representing $643 million of assets under management. Inovalis REIT acquires real estate properties indirectly via CanCorpEurope, an Alternative Investment Fund authorized by the CSSF in Luxemburg, and managed by INOVALIS S.A.

About Inovalis Group

Inovalis S.A. is a French Alternative Investment fund manager, authorized by the French Securities and Markets Authority (AMF) under AIFM laws. Inovalis S.A. and its subsidiaries (Advenis S.A., Advenis REIM) invest in and manage Real Estate Investment Trusts such as Inovalis REIT, open ended funds (SCPI) with stable real estate focus such as Eurovalys (for Germany) and Elialys (Southern Europe), Private Thematic Funds raised with Inovalis partners to invest in defined real estate strategies and direct Co-investments on specific assets.

Inovalis Group (www.inovalis.com), founded in 1998 by Inovalis SA, is an established pan European real estate investment player with $10 billion of assets under management and with offices in all the world’s major financial and economic centers in Paris, Luxembourg, Madrid, Frankfurt, Toronto and Dubai. The group is comprised of 300 professionals, providing Advisory, Fund, Asset and Property Management services in Real Estate as well as Wealth Management services.

Contacts

David Giraud, Chief Executive Officer
Inovalis Real Estate Investment Trust

+33 1 5643 3323

david.giraud@inovalis.com

Khalil Hankach, Chief Financial Officer
Inovalis Real Estate Investment Trust

+33 1 5643 3313

khalil.hankach@inovalis.com

IWBI joins forces with smart building market leaders to introduce new rating, which launches to strong demand and early commitments from Cyclone Energy Group, Delos, Edge Technologies, Environmental Charter School, Ernst & Young (EY), Ethos, GreenJump Sustainability, Honeywell, International Commerce Centre (ICC), Laguna, Nucleus Office Park, StrongLED Smart Lighting, View Inc. and WELL Living Lab China

SCOTTSDALE, Ariz. & NEW YORK–(BUSINESS WIRE)–The International WELL Building Institute (IWBI) today announced the launch of the WELL Performance Rating, a new rating that recognizes building owners and operators for achieving excellence in healthy building performance aimed to enhance the well-being and experience of the people inside. The announcement was made during the opening session of the WELL Summit, with IWBI leading partner organizations driving a movement for people-first places forward through application of WELL at scale.

Developed in collaboration with a host of industry leaders in smart building technologies and with input from IWBI Performance Advisory, WELL Performance Testing Organizations (PTOs) and WELL Enterprise Providers (EPs), the rating provides a roadmap for organizations to demonstrate excellence in occupant experience and building performance across key indoor environmental quality (IEQ) indicators related to air quality, water quality, thermal comfort, acoustics and lighting.

“The WELL Performance Rating puts us on an accelerated path to make buildings smarter for human health, unlocking the use of new technologies and more intelligent approaches to improve and enhance well-being and performance,” said Rachel Hodgdon, President and CEO, IWBI. “Thanks to the contributions of our collaborators from across the globe, the rating will connect building performance with the experience of the people inside, allowing organizations to make actionable what was once invisible through data and occupant insights.”

Through the achievement of the rating, organizations can garner intelligence to drive better business performance and strengthen organizational culture through the use of sensor networks, onsite tests and surveys that assess employee perceptions of their health, well-being and performance while in the building.

Recognizing the many world-class experts and leading companies involved, such as Carrier, Honeywell, Johnson Controls, Panasonic, Schneider Electric, SGS and Trane Technologies, Hodgdon added, “The creation of this rating has been a deeply collaborative effort. The top players in the industry united around a common set of performance thresholds for healthy buildings and best practices for continuous monitoring through the installation of sensor networks to advance human health and experience.”

Leaders from Cyclone Energy Group, Delos, EY, Honeywell, StrongLED Smart Lighting, View and WELL Living Lab China joined Hodgdon on stage at the WELL Summit to celebrate the launch and to signal their commitments to be among the first to pursue the WELL Performance Rating. “I am excited to stand with organizations on the leading edge of this work, who see the importance of creating people-first places for everyone, everywhere,” Hodgdon said.

Demonstrating a commitment to optimizing the health of the people inside the buildings, the following organizations have enrolled in the WELL Performance Rating:

• Cyclone Energy Group
• Delos
• Environmental Charter School (ECS)
• Edge Technologies
• Ernst & Young (EY)
• Ethos Engineering
• GreenJump Sustainability
• Honeywell
• International Commerce Centre (ICC)
• Laguna
• Nucleus Office Park
• StrongLED Smart Lighting
• View Inc.
• WELL Living Lab Beijing

Organizations currently enrolled in the WELL Performance Rating span all industries and building types, signaling the rating’s substantial impact across sectors. Here’s what they’re saying:

“Building performance extends beyond material resources, energy, and water efficiency. People’s health and well-being are core to our mission and was the driver behind achieving the WELL Health Safety Rating for Cyclone Energy Group’s Chicago Office in September 2021. The newly released WELL Performance Rating aligns with Cyclone’s airPLAN service which enables our team and occupants to continuously monitor key metrics of indoor air quality,” said Sumayyah Theron, Director of Sustainability, Cyclone Energy Group. “Cyclone leverages the real-time data to help manage the balance between energy efficiency and a comfortable and healthy space. We’re glad to be on the leading edge with IWBI in pioneering places that leverage technology for people, extending this to our clients for greater benefits all around.”

“Edge knows it’s possible to activate people-centricity on a holistic and a personal level. The WELL Performance Rating enables us to leverage technology to gather insights on the built environment in order to make adjustments that unleash human potential,” said Thomas Ummels, Chief Development Officer, Edge Technologies. “We are proud to continue our WELL journey with IWBI in enrolling for the WELL Performance Rating, making buildings better for people.”

“As an industry leader in mechanical and electrical consultancy in Ireland and across Europe EMEA, Ethos Engineering is dedicated to advancing our knowledge of the effect of the built environment and its impact on human health and well-being,” said Greg Hayden, CEO, Ethos Engineering. “That’s why we are delighted to be an early participant in the new WELL Performance Rating process, adopting it for our Head Office in Dublin, which is on track to become one of the first in Europe to achieve this standard of building performance and analysis.”

“Environmental Charter School (ECS) began as a group of inspired parents and community leaders and bloomed into a system of learning,” said Jon McCann, Chief Executive Officer, Environmental Charter School. “As we support young learners and future leaders, we understand how the environment where they learn impacts their well-being. With the WELL Performance Rating, ECS can help our students by using information about where they’re learning, to help impact how they live.”

“At EY, we thrive in helping our clients create optimized experiences. With the roadmap the WELL Performance Rating provides, there is enhanced building intelligence through actionable visibility of the levers that adjust our environments,” said Jade Dauser, Corporate Real Estate and Technology Services Leader, EY. “This can improve the well-being of visitors and tenants alike. With IWBI’s WELL Performance Rating, EY can use real-time data to make impactful changes.”

“GreenJump Sustainability is committed to creating healthy, sustainable living environments and lifestyles, enhancing employee well-being through the WELL Performance Rating with smart building features and objectivity,” said Tzung-Han Ho, CEO, GreenJump Sustainability. “We are proud to join IWBI in using this rating to better inform our actions.”

“Based on research we’ve conducted, people want viable evidence that the buildings they use every day for work, school or care are healthier and use technology that helps to foster their well-being,” said Manish Sharma, vice president and general manager of sustainable buildings, Honeywell Building Technologies. “We look forward to implementing the WELL Performance Rating at our new corporate headquarters in Charlotte, N.C., where our priority is to deliver an unmatched occupant experience to support the well-being of our employees and guests while also being conscious of our environmental impact.”

“Sun Hung Kai Properties is fully committed to providing its customers and tenants with the best services. Health and well-being have become even more important nowadays. The WELL Performance Rating will help us improve our building performance and maintain the International Commerce Centre (ICC) as one of the best business locations in the world for our tenants,” said Lo King-Wai, General Manager, Sun Hung Kai Real Estate Agency, ICC.

“Measured performance is what attracted Laguna to WELL in the first place. Not just the promise of better, healthier buildings, but the ability to track various settings and understand the impact that different strategies have on people’s lives,” said André Marin, Director of Incorporation, Laguna. “That’s very important to us, and it’s the reason we are excited about prototyping the WELL Performance Rating at Galeria Laguna, our new experiential design space and showroom.”

“Health and well-being are prime considerations for Nucleus Office Parks. Nucleus Office Parks is committed to implementing meaningful and measurable building performance and tangible strategies across our portfolio to enhance the quality of life of our customers, partners and employees,” said Quaiser Parvez, CEO Nucleus Office Parks. “The newly launched WELL Performance Rating from IWBI is a gold standard and will help us continuously monitor and improve the ongoing performance of our buildings. We at Nucleus Office Parks are excited to partner with IWBI at the launch of the WELL Performance Rating and create new benchmarks in health and wellness in the built out and operating environment in India.”

“StrongLED Smart Lighting is committed to developing the most technologically advanced lighting products, including intelligent sensors and control systems, through scientific research. Leveraging the WELL Performance Rating is our response to WELL’s human-centered, healthy building concept, and we pledge to provide the highest quality indoor lighting environment,” said Lawrence Lin, CEO, StrongLED Smart Lighting (Cayman) Co., Ltd. “Putting people’s well-being and experience first is our commitment to IWBI, and our unremitting goal to achieve.”

“Our mission at View is to create delightful human environments by transforming buildings to improve human health,” Chief Business Officer of View, Rahul Bammi. “We are excited to use our own smart building technology to achieve the WELL Performance Rating at our headquarters and promote the health and well-being of our employees.”

The WELL Performance Rating consists of features drawn from the WELL Building Standard (WELL) along with new strategies and features that call for specific leadership thresholds, and can be earned as a standalone designation or a milestone toward a single-building certification or enterprise commitment. IWBI first announced plans for developing the new rating system in July 2021, tapping the expertise of a global network of advisors as well as a diverse group of organizational and industry leaders, including Aircuity, BSI, Carrier, CETEC, Cognian Technologies, Honeywell, Johnson Controls, Kaiterra, LeGrand, Lennox International, Panasonic, Schneider Electric, SGS, Thornton Tomasetti, Trane Technologies and WSP.

Since 2021, IWBI has engaged stakeholders in a series of sessions to further the integrity and use of the rating, including educating individuals on how the rating works and what to prepare for. In March, IWBI’s Governance Council, the leadership body tasked with upholding the integrity of WELL through rigorous standard development criteria, ratified the rating in a unanimous vote. The Governance Council includes public health icons such as Dr. Risa Lavizzo-Mourey of the University of Pennsylvania and former President and CEO of the Robert Wood Johnson Foundation; the 17th U.S. Surgeon General, Dr. Richard Carmona; and Nancy Roman, President and CEO of Partnership for a Healthier America.

About the International WELL Building Institute

The International WELL Building Institute (IWBI) is a public benefit corporation and the world’s leading organization focused on deploying people-first places to advance a global culture of health. IWBI mobilizes its community through the administration of the WELL Building Standard (WELL) and the WELL Health-Safety Rating, management of the WELL AP credential, the pursuit of applicable research, the development of educational resources, and advocacy for policies that promote health and well-being everywhere. More information on WELL can be found here.

International WELL Building Institute pbc is a wholly owned subsidiary of Delos Living LLC. International WELL Building Institute, IWBI, the WELL Building Standard, WELL v2, WELL Certified, WELL AP, WELL Portfolio, WELL Portfolio Score, The WELL Conference, We Are WELL, the WELL Community Standard, WELL Health-Safety Rating, WELL Health-Safety Rated, WELL Health-Equity, WELL Performance Rated, WELL Performance Rating, WELL and others, and their related logos are trademarks or certification marks of International WELL Building Institute pbc in the United States and other countries.

Contacts

Media:

Yan Tai
media@wellcertified.com

Global Brokerage Gives People a Chance to Win a Custom Pet-Sized Version of Their Home

IRVINE, Calif.–(BUSINESS WIRE)–Berkshire Hathaway HomeServices, a global residential real estate brokerage franchise network, has announced the launch of the Berkshire Hathaway HomeServices Pawfect Home Sweepstakes, where individuals can enter for a chance to win a custom-built, pint-sized replica of their own home for their loyal companion.

“Pets are what make a house a home and we all know when considering a property there’s no denying pets call the shots much more than we give them credit for,” said Christy Budnick, CEO of Berkshire Hathaway HomeServices. “We are excited to provide an opportunity to give pets something that’s better than treats or toys: a custom-built, pet-sized pet house.”

To enter the sweepstakes, consumers can visit www.BHHSpawfecthome.com between April 11, 2022, at 12:00 p.m. Eastern Time (“ET”) U.S. and June 6, 2022, at 11:59 p.m. ET U.S. Limit 1 base entry per person per day. See Official Rules eligibility requirements, prize description and limitations.

Five Grand Prize winners will receive a custom-made pet home. The sweepstakes is available in the United States, Canada and Mexico on April 11 followed by the United Kingdom, Portugal, Greece and Spain which launches on April 25. The Berkshire Hathaway HomeServices Pawfect Home Sweepstakes is a Pawfect opportunity for all four-legged friends (or if your pet’s a snake, no-legged friend) to have a home that’s Pawfect.

Real Estate Forever Agents care about their clients and their pets. Pets are part of the family. From first time homebuyers to high-end residential markets to middle-market communities, our pets are there for us through it all.

For more information or to enter the sweepstakes visit: www.BHHSpawfecthome.com

About Berkshire Hathaway HomeServices

Berkshire Hathaway HomeServices is a global residential real estate brokerage franchise network with more than 50,000 real estate professionals and nearly 1,500 offices across 12 countries including, the U.S., Canada, Mexico, Europe, the Middle East, The Bahamas, and India. In 2021, the Berkshire Hathaway HomeServices global network represented more than $179.9 billion (USD) in real estate sales volume. The network, among the few organizations entrusted to use the world-renowned Berkshire Hathaway name, brings to the real estate market a definitive mark of trust, integrity, stability, and longevity.

Contacts

Chelsea Freeman

PR & Communications

+1 949 241 5239

chelseafreeman@hsfranchise.com