October 12, 2001—Half of the occupiers questioned by Andersen Real Estate Consulting at last weeks Property Forum are considering outsourcing or have already divested their real estate services in the last year.
According to a poll of property professionals at last weeks event, the number of companies choosing to outsource is continuously increasing. Speaker Kevin Hines, director of Andersen Real Estate Consulting commented: “The results from our interactive poll provide a very strong indication that corporate occupiers have an increased value delivery expectation from real estate.
“This confirms the trends we have seen in working with our clients. Shareholder Value Analysis measurement is permeating many organisations and focus is increasingly falling on property functions within companies.”
Almost all (94%) of the occupiers attending the conference said their boards have placed a greater emphasis on property performance over the last 12 months. Half (49%) confirmed that they employ shareholder value techniques within their organisations, with 17% applying the techniques to their property portfolio.
Hines added: “By understanding and utilising shareholder value techniques the real estate executive can influence corporate decisions at board level by providing informed property strategies that will deliver added shareholder value.”
—Jessica Jarlvi
Reprinted with permission; copyright 2001 i-FM
