November 30, 2001—Real estate partnerships reduce cost, improve service and increase flexibility say over 80% of a sample of NACORE UK members. More than two thirds also think REPs do not endanger corporate real estate jobs.
However, NACORE members are split on whether REPs only work for companies with good covenants and large portfolios and 43% think they take too much time, money and effort to set up.
“Real Estate Partnerships are a growing force in corporate real estate and bring a dynamic influence to the property industry and business in general,” explained David Turner, president of NACORE UK. “Our survey shows there is a need for more information and debate about the value of REPs which is why we have set up a special interest group and devoted a session to it at our annual summit this year.”
NACORE UKs CRElevance survey was conducted by independent firm, SAS Events who contacted 56 real estate executives. Many survey questions will be posed to delegates again at Wednesday’s CRElevance Summit and the association will re-evaluate the results following the event.
Asked which issues were most relevant in terms of their business, NACORE’s members cited the threat of recession (32%) and globalisation (24% although another 21% found it to be their least relevant issue).
Managing growth; significant space reduction; disaster recovery; mergers & acquisitions; lease reform and benefits of single building corporate occupancy all ranked fairly low at 10% or under.
—Richard Byatt
Reprinted with permission; copyright 2001 i-FM
