Colliers International Asset Management, (CIAM) a partnership between Colliers International and EggSystems, a value manager for more than 140 property assets in Singapore, is utilizing Intuit Real Estate Solutions' (IRES) Financial Accounting Property Management System as the platform for their next generation property management solution.

“We had been searching for a state-of-the-art real estate accounting solution since July 2002, explains Jeffrey Cha, Chief Technology Officer for CIAM. “After several months of evaluation and a short listing exercise, IRES evolved as the clear choice. We believe that with the future-proof, web-based solution offered by IRES, we will be able to compete at the highest level of real estate management in the region.

“The implementation of our system started in May 2003. Despite a very challenging timeline, the dedicated IRES consultant analyzed and customized the software to cater to our requirements.

“We are confident that with MRI Commercial and Residential's strong reporting tools, intuitive interface and excellent database platform, we will be more productive and efficient while delivering premier solutions for our customers.”

“We are excited to work with CIAM and to help them simplify and streamline their business processes, says Stephen Wilson, General Manager of IRES' Asia office. “The combination of IRES' products and services with CIAM’s domain expertise provide the foundation for a great localized product.

“The incorporation of IRES' latest technology, flexibility and an easy-to-use interface are some of the benefits we can offer CIAM today and in the future. We look forward to a long and prosperous relationship.

“Our Asia strategy is simple: We wish to continue to provide superior products and services to our clients and offer solutions that are right for their business.”

About Colliers International Asset Management

Colliers International Asset Management Pte Ltd (CIAM) is the product of a partnership between the Colliers International and EggSystems. Formed in July 2001, CIAM is a strategic 50/50 joint venture that leverages the full potential of the Internet to provide technology-enabled capabilities in property asset and facilities management by using sophisticated communication and portal technology developed by EggSystems for worldwide application. CIAM has over 30 years experience in the effective management of residential, commercial, retail and industrial properties in Singapore and the region. As value-added managers, the team services over 140 property assets in Singapore.

Colliers International, through its network of offices, conducts real estate business through offices in over 200 global markets in 52 countries on six continents with approximately 9,000 property professionals. In 2000, on a worldwide basis, Colliers International managed 465 million sq ft with revenue of $1.1 billion. For more information, please visit their website at www.colliers.com.