PUBLIC SECTOR CLIENT’S REAL ESTATE master plan

January 21, 2021
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PUBLIC SECTOR CLIENT’S REAL ESTATE master plan

Challenge: Oversized, disaggregated and inefficient portfolio with upcoming lease expiries

01 APPROACH

  • Analysis of headcount, working practices, existing supply, building condition assessments, asset valuations, lease profiles and obligations, market conditions.
  • Define short, medium and long term property strategies to align with business requirements with a focus on reducing operating costs and releasing value from the real estate portfolio.

02  SOLUTION

  • Identify solutions for consolidation into long term key strategic properties to allow for release of surplus space.
  • Financial modelling, qualitative analysis and risk assessments were carried out on each option and an implementation plan and timeline were developed for the recommended solutions.

03  RESULTS

  • The strategies identified optimisation opportunities to deliver in Gauteng alone:
  • 74% reduction in number of properties
  • 48% reduction in annual portfolio cost
  • 25% reduction in total space
  • The strategy also recommended asset management opportunities to unlock further value and improved space utilisation efficiencies.

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