Submitted by Jonathan Moore, EC Harris, Head of Property, Asia
Biography
The key driver for corporate property executives is to reduce operating costs, improve margin and to free up capital to allow for investment in new and more profitable markets. The boardroom agenda will become more agile and responsive, improving speed to market and allowing their business to execute plans efficiently and effectively, to grow and sustain revenues.
Weighed down by an excess of property assets, the successful corporate will be those that manage their assets strategically, put in place clear asset plans that will improve utilisation and productivity and create a workplace that retains the best talent, drives innovation and competitive advantage. Asset plans should look to reduce fixed asset costs by developing flexible workplace solutions, optimising the use of the building and accelerating on a managed divestment of property assets. Operation costs can be reduced by implementing whole life cycle costing and sustainability approaches to lower costs and reduce carbon footprint.
The need to deliver overall reduction of operational costs from simple outsource models are largely not sustainable and we will see many property service models evolving. These models should deliver clear asset plans that integrate the very best practice and expertise, reduce overall operation costs and enable corporates to become agile and proactive. When these types of models are implemented successfully they should provide a sustainable solution to the asset planning challenge of developing asset strategies to support corporate business plans.
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