This feature explores the issues surrounding the operation, control, and management of commercial property.
There are three key management areas that are critical to operations: Investment, Advisory and Facilities Management.
In order to source, purchase, then ensure a property's effective day to day running,long life span and return on investment,an owner must be a jack of all trades with financial savvy, an eye for monitoring, strong accountability, and an understanding of the need for outsourcing.
Despite enormous downward pressure in the current economic crisis, property will continue to offer one of the most stable long-term investments globally despite increasing sophistication of the financial and commercial structures used in property transactions. Being both an interest-earning and capital growth investment, its value and optional rental income stream can increase over the long term and, as a long term investment, the capital growth to be achieved will usually exceed overall inflation by some margin.
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The full article is available in the June / July 2012 Issue of Business Brief and is available in the online magazine. To access this magazine, click here to subscribe