Outsourcing: Corporates look out for savings
The announcement in November that consumer products company Procter & Gamble had signed an outsourcing agreement was further proof that the concept has fully entered the mainstream as a financing and efficiency-improving tool for corporates. Moreover, the global nature of the contract – and its scale – highlighted the vast potential for property outsourcing.
The three-year deal, the financial size of which has not been disclosed, covers portfolio management, transaction management, real estate brokerage, lease administration and strategic portfolio planning services for a portfolio of more than 150 million square feet of real estate, including plants, warehouses, offices, technical centres and other properties in more than 80 countries throughout north America, south America, Asia-Pacific, Europe, the Middle East and Africa.
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