Get Corporate Property Management: Aligning Real Estate With PDF

By Victoria Edwards

ISBN-10: 0632060514

ISBN-13: 9780632060511

Company estate is regularly pointed out because the moment greatest fee inside a enterprise association after employees. potent administration of this type of significant asset calls for a basic knowing of either the operation of the valuables markets and the operational specifications of the company 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 worth to the first enterprise job of a company. instead of separate the wishes of the enterprise 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 publication introduces a favourite framework designed to help within the research of any company estate portfolio, operating as a pragmatic relief to determination making. The ebook is established round this framework, delivering a close overview of its program and makes use of. this is often then built extra via huge use of 5 in-depth case stories that covers a wide selection of estate kinds and estate clients - Borders bookshops; melanoma examine excessive highway retailers; The adolescence Hostel organization; Clifford Chance's circulate to Canary Wharf and the Ardtornish Rural property in Scotland.

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There is a possibility that the yield will rise but this may not necessarily be the case. The extreme of this situation is the provision of totally serviced commercial space (normally offices) for as long or short a term as the tenant requires, starting at the most flexible end of the market with hourly rates. For companies with short-term projects, this enables rapid access to appropriate space with perhaps relatively high overall charges when compared to rental levels of similar space, but which when compared to the overall cost of occupation, including rates, maintenance and transaction costs, look much more attractive.

This requires (amongst other things) providers of services to: . make reasonable adjustments to ensure disabled people can have access to those services, (in force from October 1999), and . to consider making permanent physical alterations to buildings to ensure accessibility for disabled people, (in force from October 2004). For some users, in particular care homes for the elderly, these requirements have made their continued use of the property uneconomic. Notwithstanding the social or political implications this may have, the property market response is to find an alternative use that is more economically viable.

Functional obsolescence locational obsolescence demographic change fashion economic change. It is equally possible that a property can move from being secondary to prime. Any external factors, such as an urban regeneration initiative, the relocation or development of a road, rail or other transport link will affect the rental value of a property. Terms of occupation In terms of occupation, it could it be that your tenant does not want to renew on the lease terms you are offering because shorter terms are available elsewhere.

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Corporate Property Management: Aligning Real Estate With Business Strategy by Victoria Edwards

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