Company property

from Wikipedia, the free encyclopedia

Real estates or corporate real estate (in the international environment and corporate real estate or short- CRE are called) all forms of real estate , the company for the implementation of its core business need. This includes land and leasehold rights as well as buildings and structures, regardless of whether these are owned by the company or are only rented or leased or their use has only been permitted.

The success and value-oriented procurement, administration and marketing of company real estate is called operational real estate management (also corporate real estate management or CREM for short ).

background

Real estate does not only serve companies as an investment or capital investment to generate a return . They can also be regarded as operating resources if their purpose is only to fulfill a task that is not related to real estate management. In such a case, the acquisition, operation and sale of real estate is not a core business process , but a support process in the company.

Definition of terms

Investment property or business property

Companies whose core business is not focused on real estate are referred to as non-property companies in the real estate industry . Your real estate portfolio as part of the fixed assets falls entirely into the category of company real estate .

Conversely, companies whose core business is explicitly focused on real estate are referred to as property companies in the real estate industry . Their real estate portfolio is fully assigned to the investment property category . In the case of investment properties, the focus is on adding value in the sense of generating income or a return from the property itself.

A qualified corporate real estate management also has to make a value contribution for the company. The focus here is not on the income or the return from the construction, management or utilization of the company property. The respective value contribution, however, is derived from the core business processes. These can vary greatly from company to company, from industry to industry and from country to country. Usually these are value contributions that are aimed at financial indicators, efficiency and effectiveness in dealing with the property or user satisfaction - i.e. the satisfaction of the core business with the support process.

Operationally essential or non-operational real estate

Commercial real estate is required as operating resources for the fulfillment of the core business process. They are therefore also essential for operation. Companies align their strategies with the realities of the market. These in turn are subject to regular changes. Derived from this, it is also necessary that companies also have to adapt their real estate portfolio to the changed corporate strategies. In the course of this, not only new properties are acquired or built, but previously used properties are also given up. These then belong to the non-operational real estate.

In the context of a qualified corporate real estate management, when purchasing or building company real estate, care is taken to ensure that value-optimized utilization is possible in the event that operational necessity ceases to exist in the future.

Company property or corporate property

In contrast to corporate real estate , the term corporate real estate is much more narrowly defined. Corporate real estate (also called industrial real estate ) includes real estate that is related to industrial production, logistical processes or their commercial re-use. This includes production and logistics properties , transformation properties and business parks .

literature

Individual evidence

  1. ^ Thomas Glatte: Development of operational real estate . Springer-Verlag, 2014, ISBN 978-3-658-05687-2 , page 12.
  2. ^ Thomas Glatte: The Importance of Corporate Real Estate Management in overall Corporate Strategies . Whitepaper, Atlanta, Georgia / USA, 2013.