The document discusses a company's effort to rationalize its property portfolio through implementing flexible working. The company had a property portfolio that no longer matched its business needs, with too many buildings and underutilization that led to heavy costs. It chose to implement flexible working to reduce its property portfolio, cut costs, and improve the working environment. This involved analyzing employee occupations, developing a business case, consulting staff, and fitting out a new workspace with fewer assigned desks, more flexible and meeting spaces, and new technology. The results were a modern, flexible workspace with a reduced footprint and lower overhead costs, providing a template to roll out elsewhere.