Corporate Real Estate Services

Real Estate Issues:

• Client preparing to become publicly traded firm and needed to improve earnings.
• Client wanted business units to assume more responsibility over real estate costs/solutions
• Client wanted to keep high service level (facilities) while reducing costs

Key Activities:

• Participated in company-wide costs savings initiatives
• Reviewed space utilization/furniture issues
• Outsourced facility management operations
• Created process improvement program
• Created space standards whish significantly reduced move and space costs
• Streamlined all critical real estate processes
• Found savings in areas of construction, energy/utility, real estate taxes and lease administration/transaction management
  

Value Delivered:

• $1.8 million in savings identified
• Churn (move related activity) reduced from 98% to 70% in 1 st year
• Projected 8-year cost savings are $10.5 million