Towards value‐creating corporate real estate assets management in emerging economies

Abstract

Purpose

This paper aims to increase the awareness of developing countries' corporations and academics concerning the significant importance of CRE holdings in corporate asset portfolios. It seeks to demonstrate how corporate real estate management can be employed by organisations in developing countries to add value to overall business value by adopting quantitative evaluation measures to determine space utilisation and occupation of organisations.

Design/methodology/approach

The methodology involved the review and analysis of previous related papers in respect of the subject in advanced countries as a guide to practitioners in developing countries. The paper identified the various concepts and attributes of real estate that make it a unique value‐adding product to a business organisation. The paper outlines performance measures that are in common practice in advanced countries for use in developing countries.

Findings

The practice of corporate real estate management is still relatively new to African countries like Nigeria. The implication is not benefiting from value contribution that real estate could make to business organisations. Understanding real estate performance measures is a major pathway to tapping the benefits of real estate.

Originality/value

The paper is a useful guide to corporate real estate managers in developing countries towards employing real estate holdings to increase the overall value of their companies.

Citation

Tunde Oladokun, T. (2010), "Towards value‐creating corporate real estate assets management in emerging economies", Journal of Property Investment & Finance, Vol. 28 No. 5, pp. 354-364. https://doi.org/10.1108/14635781011069963