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Industries · Real estate & facilities

The asset outlives every system built to manage it.

Developers, owners and facilities operators hold buildings for decades and run them through leasing, maintenance, service charges and tenant relationships. The technology has to serve an asset whose life is measured in decades and a tenant whose expectations change every year.

This page describes how the sector works and which of Noble’s capabilities apply to it.

How the sector runs

Revenue is contractual and recurring: leases, escalations, service charges and recoveries. The billing logic is genuinely complicated and it is where errors are expensive, because a service-charge reconciliation a tenant disputes is a relationship problem as well as an accounting one.

Operations are physical and distributed across buildings: work orders, planned maintenance, contractors, access control and building systems. The useful integration is between the maintenance record and the finance system, so that what a building costs to run is known while it is running rather than at year end.

What the estate usually looks like

01

Leasing, billing and recoveries

Contract terms that drive recurring invoices, escalations and apportioned charges — logic that is easy to get subtly wrong and hard to explain afterwards.

02

Work orders and planned maintenance

Requests raised by tenants, work assigned to internal teams or contractors, and an asset history that should inform the next capital decision.

03

Building systems on their own networks

Access control, CCTV, metering and building management, each often installed by a different contractor and connected to the corporate network without anybody deciding that it should be.

Start with the service charge.

How it is calculated, where the numbers come from, and how long it takes to answer a tenant who disagrees with it.