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Realizing the Value of Corporate Real Estate Management

Hartmann, Steffen and Linnemann, Peter and Pfnür, Andreas and Siperstein, Boris (2009):
Realizing the Value of Corporate Real Estate Management.
In: Wharton Real Estate Review, Spring Issue 2009,, Samuel Zell and Robert Lurie Real Estate Center, pp. 21-33, [Article]

Abstract

This study examines how corporate real estate management (CREM) departments are viewed within the larger corporate culture. It draws particular attention to the European and U.S. markets, focusing on four specific sectors: banking, energy, telecommunication, and transport and logistics. The study reveals that although corporate real estate remains an important asset on corporate balance sheets, it is currently "under-managed" in both the United States and Europe, and CREM departments lack prominence in most companies. As a result, companies are not realizing the full value of their real estate assets, and are turning attention to them only in difficult times when property valuations are generally depressed.

Item Type: Article
Erschienen: 2009
Creators: Hartmann, Steffen and Linnemann, Peter and Pfnür, Andreas and Siperstein, Boris
Title: Realizing the Value of Corporate Real Estate Management
Language: English
Abstract:

This study examines how corporate real estate management (CREM) departments are viewed within the larger corporate culture. It draws particular attention to the European and U.S. markets, focusing on four specific sectors: banking, energy, telecommunication, and transport and logistics. The study reveals that although corporate real estate remains an important asset on corporate balance sheets, it is currently "under-managed" in both the United States and Europe, and CREM departments lack prominence in most companies. As a result, companies are not realizing the full value of their real estate assets, and are turning attention to them only in difficult times when property valuations are generally depressed.

Journal or Publication Title: Wharton Real Estate Review, Spring Issue 2009,
Publisher: Samuel Zell and Robert Lurie Real Estate Center
Divisions: 01 Department of Law and Economics > Betriebswirtschaftliche Fachgebiete > Fachgebiet Immobilienwirtschaft und Baubetriebswirtschaftslehre
01 Department of Law and Economics
01 Department of Law and Economics > Betriebswirtschaftliche Fachgebiete
Date Deposited: 24 Aug 2009 16:09
Additional Information:

Executive Summaries of Wharton Real Estate Review XIII

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