Corporate and public real estate management strategies

What is it about?

The sixth special issue of the Journal of Corporate Real Estate presents four papers from the 22th European Real Estate Society (ERES) conference in Istanbul. This conference was organized from 24 to 27 June 2015 in the historic building of the Faculty of Architecture and Urban and Environmental Planning and Research Center. Originally, it was built as a military medicine academy for the Ottoman Army. The building has been restored several times. A good example of the dynamic relationship between the demand and supply of corporate and public real estate. In total, 281 abstracts were submitted by 424 authors from 41 countries. The conference covered a huge variety of topics, ranging across real estate valuation, finance and investment, market research and forecasting, tax and legal issues, regional and urban economics, environmental policies, housing markets and economics, marketing and communication, public–private partnerships, asset management, property management, facility management, real estate portfolio management, corporate real estate, performance and risk management and real estate education. Although real estate from an investors’ point of view is still dominant, corporate real estate management (CREM) issues are growing in the attention of academics. Three full sessions focused on corporate real estate. In some other sessions, CREM-issues came to the fore as well, with topics like adaptive-reuse of offices, building information modeling (BIM), green buildings, global brands and municipal real estate management. The four papers that were selected for this special issue show a variety of topics: 1) Determinants of satisfaction amongst Tenants of UK Offices; 2) the relationship between energy consumption, physical building characteristics, operational sales performance and corporate environmental performance of the Metro Group’s wholesale and hypermarket stores in 19 European countries; 3) the current municipal real estate management (MREM) in The Netherlands and how this evolved over a period over five years; and 4) data from six theses into adding value by health-care real estate.

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