PROPERTY MANAGEMENTProperty management | Property development | Constructionproject management | Building construction | Market view |Outsourcing vs in-house | Major players | Non-performing loans |Integrated real estate solutions | Focus on core business | Riskassessment | Investment funds | Lower costs | Emergencymanagement | Property and facility management | Professionalcompetencies | Romanian Institute of Property Management | SORIN PREDA BUCURESTI MANAGING PARTNER OCTOMBRIE 2011
4 Property management 6 Market view 8 Cost structure 9 Outsourcing vs in-house10 Our approach14 Professional competencies
PROPERTY MANAGEMENT2000 – 2005Increased number of real estate transactionsbetween developers and investment funds.P&F Management evolves from department tobusiness unit to companyGeneral contractors, real estate developers(such as Global Vision) or brokers enter theP&F Management market.
PROPERTY MANAGEMENTAsset holders:⎮ Developers⎮ Investment funds⎮ Banks⎮ Retailers⎮ Other private owners: associations, multinationals⎮ State owned companies
MARKET VIEW 2010 – 2011Numerous new office buildings, commercial galleries3,884 residential construction permits in July 201140 administrative buildings construction permits in July 2011678 other buildings construction permits in July 2011Different degrees of occupancy
MARKET VIEW 2010 - 2011⎮ What happens to non-performing investments?⎮ What happens to NPL?⎮ What happens to empty buildings?