Outsourcing corporate real estate asset management in New Zealand

John McDonagh (Property Group, Applied Management and Computing Division, PO Box 84, Lincoln University, Canterbury, New Zealand; Tel: +64‐3‐3253859; Fax: +64‐3‐3253839; e‐mail: mcdonagj@lincoln.ac.nz)
Timothy Hayward (Property Group, Applied Management and Computing Division, PO Box 84, Lincoln University, Canterbury, New Zealand)

Journal of Corporate Real Estate

ISSN: 1463-001X

Publication date: 1 October 2000

Abstract

The outsourcing of non‐core business activities has recently mushroomed throughout the world as organisations seek reduced cost and strategic business advantage in an increasingly competitive marketplace. A component of this overall trend has been a dramatic increase in the extent to which real estate asset management functions of non‐property investment organisations have been taken over by ‘external service providers’. This study is the first in New Zealand to examine current practice and emergent trends and to identify outsourcing issues and problems in detail. Via a survey of 457 organisations, the reasons behind the trend to outsourcing are identified, as are the types of services outsourced; the basis of selection of service providers; the skills and attributes required of real estate professionals; and the success or otherwise of outsourcing experiences.

Keywords

Citation

McDonagh, J. and Hayward, T. (2000), "Outsourcing corporate real estate asset management in New Zealand", Journal of Corporate Real Estate, Vol. 2 No. 4, pp. 351-371. https://doi.org/10.1108/14630010010811437

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Publisher

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MCB UP Ltd

Copyright © 2000, MCB UP Limited

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