Corporate Real Estate Management: The New Zealand Evidence
AbstractThis study represents the first to be performed on corporate real estate asset management in New Zealand. A nationwide survey of all non-real estate companies listed in the New Zealand Stock Exchange, and a case study of a New Zealand corporation were undertaken. An interdisciplinary model of corporate real estate asset management is developed based on the findings of both the survey and the case study. The study results indicate that having a positive corporate perception on corporate real estate asset management, a separate corporate real estate unit, and a real estate inventory record, are primary to the success of the said function. Having a team of motivated property staff and a fair and competitive reward system are also observed to be vital.
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Bibliographic InfoArticle provided by American Real Estate Society in its journal Journal of Real Estate Research.
Volume (Year): 8 (1993)
Issue (Month): 4 ()
Contact details of provider:
Postal: American Real Estate Society Clemson University School of Business & Behavioral Science Department of Finance 401 Sirrine Hall Clemson, SC 29634-1323
Web page: http://www.aresnet.org/
Postal: Diane Quarles American Real Estate Society Manager of Member Services Clemson University Box 341323 Clemson, SC 29634-1323
Find related papers by JEL classification:
- L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Jeffrey Gale & Fred Case, 1989. "A Study of Corporate Real Estate Resource Management," Journal of Real Estate Research, American Real Estate Society, vol. 4(3), pages 23-34.
- Ronald C. Rutherford & Hugh O. Nourse, 1988. "The Impact of Corporate Real Estate Unit Formation on the Parent Firm's Value," Journal of Real Estate Research, American Real Estate Society, vol. 3(3), pages 73-84.
- Gailen L. Hite & James E. Owers & Ronald C. Rogers, 1984. "The Separation of Real Estate Operations By Spin-Off," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 12(3), pages 318-332.
- Hugh O. Nourse, 1994. "Measuring Business Real Property Performance," Journal of Real Estate Research, American Real Estate Society, vol. 9(4), pages 431-444.
- Anna-Liisa Lindholm & Karen M. Gibler & Kari I. Levainen, 2006. "Modelling the Value Adding Attributes of Real Estate to the Wealth Maximization of the Firm," Journal of Real Estate Research, American Real Estate Society, vol. 28(4), pages 445-476.
- Linda Ellis Johnson & Arnold L. Redman & John R. Tanner, 1997. "Utilization and Application of Business Computing Systems in Corporate Real Estate," Journal of Real Estate Research, American Real Estate Society, vol. 13(2), pages 211-230.
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