Solutions for managing an international corporate real estate portfolio
Petar Andonov
Corporate Real Estate Journal, 2014, vol. 4, issue 1, 62-69
Abstract:
What are the challenges in managing an international corporate real estate (CRE) portfolio, and how can they be overcome? This paper notes the importance of development of a system of measurement that differentiates objectives and takes into account the varying operating environment conditions in different countries. It identifies principal risks in management of an international CRE portfolio and summarises three methods to reduce their influence. The approaches could be used as effective tools for providing better management of an international CRE portfolio and increasing shareholder value. The paper discusses application of each method and its benefits and disadvantages. Each method could be applied individually or as a combination of two or three, depending on an assessment of the company and its goals. In this way, each interested company could choose the best approach, depending on its portfolio and business strategy. In an uncertain climate, with increasing competition due to globalisation, the CRE property portfolio has to become more relevant to a company's business activity and shareholder value in order for the company to survive.
Keywords: globalisation; performance measurement; portfolio management (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:aza:crej00:y:2014:v:4:i:1:p:62-69
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