Resource flexibility is increasingly vital to meet the ever changing needs of organisations. Property is, by its nature, a highly inflexible resource. It needs to become not only more physically flexible, but also more functionally and financially flexible. The paper argues that core property, which is functionally flexible, should be supported by peripheral property, which is financially flexible. A framework for evaluating the flexibilities of a property portfolio is proposed as a basis for assessing when and where flexibility is required.
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