SSUD71-216: Corporate Property and Asset Management

Corporate real estate is generally recognised as being the second biggest cost to organisations after staff. The effective management of such assets calls for a fundamental understanding of the operation of the property market and the operational needs of the business occupier. This subject adopts a strategic approach to the management of the corporate property asset and focuses on how such assets can be utilised to add value to the primary business activity of an organisation. To achieve this, the subject aims to provide a generic framework to assist with the analysis of a corporate real estate portfolio as practical aid for stakeholders in the management of this major asset. The program is structured around three themes: the analysis of the real estate asset and its value maximisation; the different roles property plays within an organisation, society and the economy and the importance of taking a strategic approach to the management of the real estate asset.