Corporate real estate asset management: aligned vision

Abstract

PurposeThe purpose of this paper is to evaluate the relationship between corporate strategy and corporate real estate (CRE) strategy.Design/methodology/approachThe paper will identify, and evaluate, a number of components that collectively form the CRE strategy. Linkages between the business environment, the aims and objectives of the organisation and the real estate solution will be explored.FindingsThe paper will illustrate the alignment of the CRE strategy to the corporate strategy through the development of a CRE alignment model. The model will demonstrate that only when optimum alignment is achieved can the CRE strategy deliver added value and enhanced organisational performance.Practical implicationsCRE managers can use the model to evaluate the alignment of their CRE strategy with their corporate strategy.Originality/valueThe paper fills a void by proposing a framework that seeks to identify the true impact of real estate to business by examining the benefits of optimal alignment between, planet, position, purpose, place, paradigm, processes and people to produce performance and productivity.