Survival strategies for corporate real estate in uncertain times

Cooke, H

Survival strategies for corporate real estate in uncertain times - 2002 - Journal of Corporate Real Estate 4(4) September 2002, 365-374(10) .

Discusses the prospects for the UK property industry and corporate real estate managers (CREM) following the September 11 terrorist attacks and subsequent economic downturn. Looks at the current economic climate and the performance of property over the last few years. Provides several property market forecasts and outlines key survival strategies for CREMs which include: keeping data on properties accurate and current; reviewing the corporate real estate (CRE) strategy; delaying acquisitions; building flexibility into leases; bringing foward disposals; developing a strategy for breaks and lease expiries; looking for property investment bargains; actively managing rent collection and repair; and reassessing the risk profile on sublet properties for FRS12 provisions. Graphs. Tables.


PROPERTY MARKET
RENTAL VALUES
ECONOMIC DOWNTURN
CORPORATE REAL ESTATE MANAGEMENT
PROPERTY-COMMERCIAL PROPERTY