March 22, 2006—New research carried out at the University of Portsmouth and sponsored by property solutions company Fasset has confirmed some of the problems in producing significant return on investment.
The study was based on consultations with a dozen senior managers across a variety of industry sectors. It found that in practice it is extremely difficult for companies to achieve a wide spectrum of added value from property and facilities. Two contributing factors were singled out:
Property management may have a lower profile in organizations than it deserves, with a concentration on cost rather than opportunity; and a sense of resignation may be created by long leases, which are still the norm in the UK.
Fasset provides property owners, occupiers and investors with an equal partner to advise and manage their properties, people and investments. The full report can be downloaded from the company’s Web site.
