History of real estate management from a corporate perspective

Author:

Krumm Peter J.M.M.

Abstract

Although often regarded as mere bricks and mortar, real estate often plays an important role in supporting corporate growth and even survival. Parallel to the rapid growth and evolution of (multinational) corporations, real estate portfolios expanded. In order to manage these portfolios, corporations established special staff and supporting departments in order to take care of these assets. Based on the results of case studies, this paper provides an analysis. In addition to a mere historical overview the outcomes of the study also provide lessons for corporations currently facing a similar path of growth. This article builds on a previous contribution and presents an in‐depth analysis of the evolution of (corporate) real estate departments related to changes in the corporate setting. In addition to a mere historical overview the outcomes of this contribution provide lessons as well for today’s managers facing similar paths of growth.

Publisher

Emerald

Subject

Building and Construction,Architecture,Human Factors and Ergonomics

Reference18 articles.

1. Ebert, L.P. (1993), “The future of corporate real estate”, The Digest of Corporate Real Estate, Ernst & Young, London, p. 5.

2. de Jong, H. (1997), “Corporate real estate management”, presented at the NSC Conference, Utrecht, 27 October.

3. Louargand, M.A. and Lambert, S. (1996), “Transformation: the evolution of the property management industry”, working paper WP64, MIT Centre for Real Estate, Boston, MA.

4. Veale, P.R. (1989), “Managing corporate real estate assets: current executive attitudes and prospects for an emergent management discipline”, The Journal of Real Estate Research, Fall.

5. Blanken, I.J. (1992), “Geschiedenis van Philips Electronics NV, deel 3, De ontwikkeling van de NV Philips’s Gloeilampenfabrieken tot elektrotechnisch concern”, Proefschrift aan de Rijksuniversiteit Leiden, Martinus Nijhoff, Leiden, p. 289

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