Added Value of Corporate Real Estate Management in Industrial Premises

Eetu Ristaniemi and Anna-Liisa Lindholm

ERES from European Real Estate Society (ERES)

Abstract: Industrial facilities (manufacturing facilities, warehouses, logistics centers, etc.) constitute a significant proportion of the overall real estate assets in Western countries. However, mainstream of the previous corporate real estate management research (CREM) has focused mainly on knowledge intensive branches and office use while there has been only a few studies about CREM in industrial facilities. The main objective of this research is to recognize the added value elements of corporate real estate management in industrial companies. The study is implemented with a constructive research method and it applies a normative case method implemented with three case studies and web based surveys for a larger sample. Based on the empirical research nine value adding attributes of CREM in industrial premises are recognized. Of these the most effective attributes to create added value are to promote employee safety and health, improve employee satisfaction, cost control, reduce environmental impacts and enhance productivity.

JEL-codes: R3 (search for similar items in EconPapers)
Date: 2011-01-01
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Persistent link: https://EconPapers.repec.org/RePEc:arz:wpaper:eres2011_134

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