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Global Vision-Property Management Conference

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Global Vision-Property Management Conference

  1. 1. 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
  2. 2. 4 Property management 6 Market view 8 Cost structure 9 Outsourcing vs in-house10 Our approach14 Professional competencies
  3. 3. 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.
  4. 4. PROPERTY MANAGEMENTAsset holders:⎮ Developers⎮ Investment funds⎮ Banks⎮ Retailers⎮ Other private owners: associations, multinationals⎮ State owned companies
  5. 5. 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
  6. 6. MARKET VIEW 2010 - 2011⎮ What happens to non-performing investments?⎮ What happens to NPL?⎮ What happens to empty buildings?
  7. 7. COST STRUCTURE Land & Building Taxes 46.11% Cleaning 4.89% Security 5.21% Firefighting Prevention 3.27% Accounting Services 2.88% Management Fee 5.52% Technical Maintenance 9.67% Utilities 17.84%
  8. 8. OUTSOURCING VS IN-HOUSE⎮ Single point of contact⎮ Focus on core business⎮ Lower costs⎮ Law compliance⎮ Preventive maintenance⎮ Emergency maintenance
  9. 9. OUR APPROACH⎮ Integrated real estate solutions⎮ Full-service property management⎮ Independent & market-oriented⎮ Defining professional competencies⎮ Developing professional education
  10. 10. INTEGRATED REAL ESTATE SOLUTIONS
  11. 11. FULL-SERVICE PROPERTY MANAGEMENT
  12. 12. INDEPENDENT & MARKET ORIENTED⎮ Independent⎮ Unbiased solutions (owner – tenant - lender)⎮ Local knowledge⎮ Local solutions⎮ Custom-made P&F M business model
  13. 13. DEFINING PROFESSIONAL COMPETENCIES1. Research and analysis2. Strategy and planning3. Financial and accounting4. Property management5. Facility management6. Sales and leasing
  14. 14. DEFINING PROFESSIONAL COMPETENCIES7. Marketing and communications8. Procurement and supply-chain9. Customer service10. Human resources11. Legal and contract management
  15. 15. ROMANIAN INSTITUTE OF PROPERTY MANAGEMENT

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