The Leader Magazine

SEP 2018

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F E A T U R E A R T I C L E 20 September 2018 the leader Innovation in Corporate Real Estate: The 2018 H. Bruce Russell Global Innovator's Award W ho are the true innovators in corporate real estate (CRE) – the game-changers whose new ideas, fresh perspectives, and connecting-the- dots insights are reshaping the profession? They're this year's finalists for the 2018 H. Bruce Russell Global Innovator's Award, which will be announced in October at the CoreNet Global Summit in Boston. The award, which has been sponsored by Gensler since its inception 19 years ago, invites finalists to compete and present their innovations each summer before a judges' panel of senior CRE executives and academics at the Massachusetts Institute of Technology (MIT). Here are summaries of this year's eight finalists for this prestigious award. l iberty b raamfontein water project It's been said that "water is the new oil." Indeed, water scarcity is a growing concern in many parts of the world, including South Africa. The Group Real Estate Services sustainability team at Liberty, a pan-African financial services company, led the way on a water project at Liberty Centre, Braamfontein (a building with 3,500 occupants) to save water, use water more efficiently, and collect and store water. The project has three main elements: water storage, rainwater collection and use, and grey water collection and use. With the increase in water storage, the facility can operate for three days if municipal water supply is cut off. The building was retrofitted to collect rainwater from 70 percent of the roof area. That water is treated onsite and used in the air-conditioning systems and in flushing toilets. This part of the project will reduce water consumption by approximately 20 percent – up to 40,000 liters (10,567 gallons) per day. The project has been operating successfully since July 2017 and is on track to financial payback within five years, as planned. It was completed ahead of a wider focus on water in South Africa. Cushman and Wakefield: e xperience per sf ™ In a competitive race to attract talent, there is an increasing focus on the workplace experience within companies to improve employee engagement. Cushman and Wakefield has developed Experience per SF™ (XSF), the first tool of its kind to measure and diagnose workplace experience. Cushman and Wakefield partnered with online company LinkedIn in the effort. They assessed what is important to employees and how effective employers are at addressing those needs. Their collaboration resulted in 70 percent participation through a survey as well as observations and focus groups designed to tap into 33 attributes and 10 experience outcomes. Analytics were then run to determine the overall workplace experience score, employee-engagement score, and overall experience index for each workplace attribute. The analytics identified how much improving an attribute's experience score contributes to improving engagement. Through XSF, Cushman and Wakefield and LinkedIn revealed that it is the real estate that drives employee experience, productivity and engagement.

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