The nature of property, with long decision gestation periods, needing significant capital expenditure and inflexible leasing arrangements, means portfolio planning is seldom done proactively.
It is the norm for portfolio decisions to be driven by events such as lease expiry dates, business mergers and sudden changes in business needs. But in this connected age, portfolio planning can now challenge traditional industry dogmas.
As smart buildings emerge with ubiquitous sensors and monitoring via the Internet of Things (IoT), multifunctional building systems are being integrated, interrogated and analysed, all linked directly to business operating systems.
‘Big data’ diagnostics is enabling the analysis of building efficiency, use patterns and occupier comfort, including space utilisation, indoor air quality, daylight measures, acoustic, water consumption and building services performance. Maintenance and servicing are optimised and managed…
