The Leader Magazine

SEP-OCT 2015

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The SPP Survey The genesis of t he SPP Sur ve y was the Committee's 2014 Roundtable on multiple aspects of portfolio planning, in which it became evident that 1) both qualitative and quantitative metrics are essential to effective planning, and 2) the softer, qualitative measures (like those pertaining to attraction, retention and productivity) can indeed have huge impacts on a company's profitability and D espite the well-known fact that (after employee costs) corporate real estate (CRE) is one of the top three largest expenses to an organization, executives continue to leave both money and opportunity on the table by failing to take a broader, more inclusive approach to portfolio and workplace planning. This topic was the focus of a panel discussion held in June at the new A&E Networks headquarters in New York. The event was sponsored by the Strategy and Portfolio Planning (SPP) Committee of the CoreNet Global New York City Chapter. The evening's discussion centered around the results of the SPP committee's recent survey exploring how technology, mobility and sustainability align in the service of creating dynamic and relevant portfolio and workplace strategies. Where REAL ESTATE and WORKPLACE STRATEGIES ALIGN "If the Oscars can expand the best picture category from five to 10 entries, might it not be time for portfolio strategy & planning to update its scorecard, as well?" Attendees at the panel discussion, held at the new A&E Networks' headquarters in New York (or Not?) growth. Respondents were comprised of 44 C-suite and executive level real estate and workplace decision-makers drawn from the CoreNet Global New York City Chapter membership and representing a broad host of industries, primarily finance, insurance, c o n s u l t i n g a n d m e d i a . Mo s t w e r e responsible for portfolios of significant size and scope: one-third managed portfolios of five million square feet or greater, while nearly a quarter managed portfolios in the two million to five million-sq.ft-range. Survey Findings • The larger the organization, the less integrated the real estate and workplace teams. This presents an added challenge to the combined 80 percent of respondents who reported plans to expand their portfolios in the U.S., Latin America and Asia over the next 12 to 18 months. 18 the LEADER | September/October 2015 CHAPTER SPOTLIGHT BY FRAN FERRONE

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