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The science behind real estate‐ The disposal of special‐purpose assets

Darcy Frank Mackay (Senior Managing Director, CBRE Consulting, 101 California Street, 44th Floor, San Francisco, CA 94111, USA; Tel: +1 415 772 0249; Fax: +1 415 772 0459; e‐mail: darcy.mackay@cbre.com)
Rachel Kessler‐Park (CUH2A Principal, Director of Strategic Facilities Planning, CN‐5380 Princeton, NJ 08543‐5380, USA; Tel: +1 609 791 7366; Fax: +1 609 791 7787; e‐mail: rpark@cuh2a.com)

Journal of Corporate Real Estate

ISSN: 1463-001X

Article publication date: 1 March 2005

827

Abstract

Mergers and acquisitions and consolidation activities contribute to the supply of technical facilities in the real estate market. The disposal of these special‐purpose assets poses unique challenges, including financial risk, redeployment of highly trained workforces and specialised equipment, and unknown timeframes. This paper will set out to take a deeper look into the internal corporate rationalisation process and the challenges and issues inherent in the disposal of special purpose assets.

Keywords

Citation

Mackay, D.F. and Kessler‐Park, R. (2005), "The science behind real estate‐ The disposal of special‐purpose assets", Journal of Corporate Real Estate, Vol. 7 No. 1, pp. 8-22. https://doi.org/10.1108/14630010510812468

Publisher

:

Emerald Group Publishing Limited

Copyright © 2005, Emerald Group Publishing Limited

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