By Victoria Edwards
Company estate is many times pointed out because the moment greatest price inside a company association after employees. potent administration of one of these significant asset calls for a primary knowing of either the operation of the valuables markets and the operational specifications of the enterprise occupier.This primer on strategic estate administration makes a speciality of how estate held as a company asset can be utilized so as to add price to the first enterprise task of a company. instead of separate the wishes of the company shape the administration of the enterprise property, the purpose of company estate administration is to allow the reader to at once aid the first enterprise functionality via strategic administration of company estate, thereby including price to the enterprise as a whole.The e-book introduces a universal framework designed to aid within the research of any company estate portfolio, operating as a pragmatic relief to choice making. The e-book is dependent round this framework, delivering a close overview of its software and makes use of. this is often then constructed extra via large use of 5 in-depth case stories that covers a large choice of estate forms and estate clients - Borders bookshops; melanoma learn excessive road retailers; The adolescence Hostel organization; Clifford Chance's circulate to Canary Wharf and the Ardtornish Rural property in Scotland.
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Extra info for Corporate Property Management: Aligning Real Estate With Business Strategy
1986) An agenda for the study of institutions. Public Choice, 48 3±25. Ostrom, V. (1976) John R. Common's foundations for policy analysis. Journal of Economic Issues, 10 (4) 839±57. Porter, M. (1998) Competitive Strategy: techniques for analysing industries and competitors. Free Press, New York. e. those that might underlie the immediate. n Chapter 3 Property Performance Evaluation Introduction Property performance evaluation has traditionally been accepted as referring to the performance of an investment asset.
Cost per square metre cost per square metre per employee total square meterage percentage of space occupied income generated per square metre ratio of square metres to revenue occupier satisfaction. Nourse (1994) identified a link in his research between the number of measures monitored by an occupier and tighter links between their business strategy and real estate operations. Performance measures used by industrial occupiers will depend on the activity but will also reflect productivity per square metre and cost per square metre, cost per employee and cost as a proportion of productivity, for example.
The last of the warehouses opened by Safeway was closed again in late 2001. What can we learn from these examples? Strategic management requires awareness of changes in the political economic context and, more specifically, an understanding of the impact it will have on the operation of the business and how the property portfolio can provide support. This may demand a change of location, a change in the configuration of space, upgrading of technological capability or any number of other possible combinations of options.