Corporate real estate management in the retail sector: a study of the relationship between the management of the corporate real estate and corporate performance

Book English OPEN
Gibson, V. ; Barkham, Richard (1999)
  • Publisher: University of Reading

Retail organisations have often been cited as being at the forefront of corporate real estate management. This research found that the retail sector can be characterised by diversity both in terms of the degree to which organisations are vertically integrated and in terms of the range of modes of retailing they engage in. This in turn led to highly diverse real estate portfolios. Given this diversity it may be surprising that the over riding strategy which the vast majority of sample firms adopted was focused on supporting the core retail activity. However the way in which they implement this strategy, again reflected the diversity in the sector. In terms of the future, the senior real estate managers were focusing on the medium term particularly looking at the way change would impact their functional strategy. This study provides a snap-shot of current practice and contributes to the debate however it also recognised that there is a need to answer the more fundamental questions.
  • References (11)
    11 references, page 1 of 2

    Adams, A.T. and Clarke, R.T. (1996) 'Stock market reaction to sale and leaseback announcements in the UK', Journal of Property Research 13(1):31-46.

    Avis, M. et al (1993) Property Management Performance Monitoring, Research undertaken by Oxford Brookes University and University of Reading, GTI / Oxford Brookes University, Oxford.

    Avis, M.; Gibson, V.A.; Watts, J. (1989) Managing Operational Property Assets, University of Reading, Reading, UK.

    Avis, M.and Gibson V. (1995) Real Estate Resource Management: A study of major occupiers in the UK, GTI / Oxford Brookes University & The University of Reading, Wallingford, Oxon.

    Benjamin, John D. (1994) The Changing Retail Real Estate Marketplace: An introduction, Journal of Real Estate Research, 9:1, 1-4.

    Borsuk, M. (1997) 'The Challenge of Information Technology to Retail Property', Urban Land, February.

    Burke, T. and Shackleton, J.R. (1996) 'Trouble in Store: UK Retailing in the 1990s', Institute of Economic Affairs -Hobart Paper 130, Institute of Economic Affairs (2 Lord North Street, London, SW1P 3LB).

    Eppli, Mark J. and Benjamin, John D. (1994) The Evolution of Shopping Centre Research: A review and Analysis, Journal of Real Estate Research, 9:1, 5-32.

    Gibson V.A. (1995a) Is Property On The Strategic Agenda? Property Review, Vol 5, Issue 4, May, 104 -109pp.

    Gibson V.A. (1995b) Organisational Change and the Property Resource, Proceedings of RICS Cutting Edge Conference , September 1995, pp 371 - 378.

  • Metrics
    No metrics available
Share - Bookmark