Value creation through the management of corporate real estate
Traditionally performance of real estate portfolios is either measured by internal rates of return or to costs per square meter (or per FTE). An increasing number of corporations have during the last couple of years been focusing on introducing performance metrics based on shareholder value. Althoug...
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| Veröffentlicht in: | Journal of property investment & finance 2003-02, Vol.21 (1), p.61-72 |
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| container_title | Journal of property investment & finance |
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| creator | Krumm, Peter J.M.M de Vries, Jackie |
| description | Traditionally performance of real estate portfolios is either measured by internal rates of return or to costs per square meter (or per FTE). An increasing number of corporations have during the last couple of years been focusing on introducing performance metrics based on shareholder value. Although the popularity of value based management changed the corporate metrics the contribution of real estate is still measured by cost reductions or capital minimisation. It is seldom that corporations proactively benefit from other, non-financial, effects resulting out of professional real estate management. The objective of this paper is to highlight the value of managing corporate real estate and its contribution to the performance of a corporation both in a financial and non-financial manner. |
| doi_str_mv | 10.1108/14635780310468310 |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 1463-578X |
| ispartof | Journal of property investment & finance, 2003-02, Vol.21 (1), p.61-72 |
| issn | 1463-578X 1470-2002 |
| language | eng |
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| source | Emerald Insight; Emerald |
| subjects | Added value Annual reports Book value Commercial real estate Corporate finance Investments Investors Management Portfolio management Property management Real estate Stock exchanges Stockholders Studies Value creation |
| title | Value creation through the management of corporate real estate |
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