Developing Property to be Operations Ready
The origins of ‘Operations Ready’ go back in time and relate to the military being ready to engage.
Property companies are turning to military like tactics to ensure property developments achieve the best possible performance at completion – and are mission ready for operations.
Whether property companies develop their own property or portfolios, procure by contracting or through property acquisitions, they tell us of the challenges of navigating handover – through transition from construction to ‘taking ownership’ of the property – and the ongoing management requirements. Continue reading
Strategic Asset Management
Property owners are now emerging from survival mode and searching for opportunities.
One of the first steps is evaluation and gaining a better understanding of their existing portfolios, to make the best of what they’ve got – given constraints on availability of finance. Typically the portfolios are older, B grade and ripe for opportunity.
Strategic Asset Planning provides short, medium and long term views on minimising cost, managing risk and maximising returns through continued due diligence.
There is a positive trend towards this approach starting with understanding baseline data in terms of condition, performance and environmental and regulatory compliance in such a way that is cost effective, meaningful, useable and enduring. It is vital to know what data needs to be collected and how it should be best used and managed for maximum effect. Continue reading
