SHB REAL ESTATE LAUNCHES NEW LEASE MANAGEMENT PLATFORM FOR MULTI-SITE
OPERATORS SHB Real Estate, a London-based consultancy, has unveiled TERA, a new lease management platform designed to help organisations manage complex property portfolios with a simplified approach. The platform is aimed at multi-branch companies and charities that often struggle with the limitations of traditional spreadsheet-based lease tracking but do not want the complexity of other available solutions.
TERA is the fifth technology product built by SHB since 2018 and builds on the company’s track record of developing tools that solve real-world challenges for its 900-plus clients, which include multinational brands, start-ups, charities and corporates. The firm has been named finalists in several awards this year for, including PropertyWeek’s 2025 Tech and Innovation Awards.
The system replaces reactive, manual lease administration with proactive, strategic portfolio-level lease management. By providing real-time insights, automated alerts and comprehensive reporting, TERA helps clients avoid missed deadlines, consolidate underperforming space, cut unnecessary costs and make better- informed decisions about their properties.
Josh Pattison, Director of Technology at SHB Real Estate, said:
MITIE BAGS TATE CONTRACT
Mitie has secured a contract to provide 24-hour security and customer services across four Tate locations including Tate Britain and Tate Modern worth £21.5m.
The three-year contract, which has the option to extend for a further two years, marks a significant expansion of Mitie’s cultural and heritage customer portfolio.
Mitie will play a vital role in ensuring that each gallery, home to some of the country’s most iconic artwork, is both a secure and welcoming environment. With 4.6m annual visitors to Tate Modern alone, robust
www.tomorrowsfm.com
“Many existing lease management systems complicate the process for property teams. TERA is designed for organisations that have outgrown basic tracking methods but do not have the resources to build and maintain their own internal systems. The cloud-based platform allows secure, consistent access for teams in multiple locations and is fully compliant with data protection standards.”
Key features include:
• Real-time dashboard with complete portfolio visibility.
• Automated alerts for key dates and deadlines with strategic reporting of options.
and responsive security and high- quality visitor services, are central to each gallery’s overall operations. Mitie already has more than 27,000 Security Officers protecting some of Britain’s biggest organisations, most iconic landmarks and national critical infrastructure.
Under the terms of the agreement, 275 colleagues will transfer to Mitie from a previous contractor via TUPE, providing a comprehensive suite of specialist services including visitor services, event and gallery security and visitor search and screening, as well as security intelligence services supported by Mitie’s Intelligence Security Operations Centre (ISOC) in Northampton. Officers will be
• Scalable design for portfolios from 10 to 500 properties or more.
• API integration to connect with existing systems.
• Comprehensive audit trails and customised permissions.
• Collaborative reporting across multiple sites and territories.
The launch comes as rising property costs and increasingly complex regulations make professional- grade lease management more important than ever for operational and financial success.
https://shbre.co.uk/our- technology/tera-lease-
connected to the ISOC providing 24/7 remote monitoring services across the estate. Data-driven intelligence will enhance threat detection and risk management, record local crime, theft and anti-social behaviour to ensure the safety of both visitors and gallery artwork.
As part of its commitment to create better places and thriving communities, Mitie will work in close partnership with Tate to upskill colleagues. Mitie will also focus on ensuring Tate sites are fully inclusive, supporting the diverse needs of its visitors, ensuring sites are accessible to all.
www.mitie.com TOMORROW’S FM | 19
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