Time to Move from Reactive to Proactive Business View
With a globally dispersed real estate portfolio in over 150 countries and 9,000 employees, our client, a global engineering, management and development consultancy, engaged the Corporate Solutions team to strategize their operating profile. At the time of engagement in 2000, the client’s local managers were leasing their offices independently with no clear oversight or direction, nor was there a centralized management team to align corporate and real estate strategies.
Defining Objectives Leads to Significant Cost Savings
The team developed and implemented a centralized lease database for the company to keep track of their portfolio, immediately providing the client with a better understanding of their financial obligations, timelines and accountability. By compiling their real estate portfolio and providing guidance on better optimization of their current use of space, team quantified the client’s real estate metrics and subsequently standardized their real estate and internal processes and office specifications across the globe. Over the past 20 years Colliers completes an average of 75 transactions per year with the company, leading to company savings in excess of US$10 million.