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Improving Efficiencies Leads to Cost Savings for Telecom Giant

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Lack of Process Leads to Missed Opportunities

With over 950 properties and 47,000 employees, a national communications company lacked a robust process to realize real estate savings throughout their portfolio. The company engaged Colliers Corporate Solutions to assist with portfolio management, transaction management, project management and lease administration, including the development of a new lease database.

New System Tracks Accountability, Produces Results

By assembling a dedicated account team, implementing software for lease administration, and conducting a study of their key locations, the team developed solutions that met the company’s internal business goals. The company now has improved the accuracy of lease administration and a reporting process deployed for increased accountability and timelines. They experienced a reduction of 11% in provincial head office cost per square foot and a 31% reduction in occupied space. Working with the client for nearly a decade, the team has completed 25 projects per year across their office, retail, network, and industrial assets.