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    The development of corporate real estate asset management in New Zealand

    McDonagh, John
    Abstract
    The first substantial research into the practice of Corporate Real Estate Asset Management (CREAM) in New Zealand was carried out by Wei Kium Teoh in 1992. Subsequently the author has published a number of papers in this area and a variety of post graduate students at Lincoln University have also undertaken research into CREAM via their dissertations. Several of these research projects involved surveys of large organizations in New Zealand and included similar questions. They were also spread in time over a period of 14 years. This led to the opportunity to carry out a time series analysis of the development of CREAM practice in New Zealand, the results of which are described in this paper. Findings include substantial and continuous improvement in some aspects of CREAM practice, such as the qualifications of those responsible for the management of corporate real estate and the development of strategic plans for these assets. However other findings have remained remarkably stable or plateaued, for example the percentage of organizations with a separate real estate unit, reporting levels to management and the allocation of real estate costs.... [Show full abstract]
    Keywords
    corporate real estate asset management (CREAM); asset; corporate; development; real estate management; New Zealand; property performance; surveys; time series analysis
    Date
    2008-01
    Type
    Conference Contribution - Published (Conference Paper)
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    • Department of Land Management and Systems [375]
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    Citation
    McDonagh, J. (2008). The development of corporate real estate asset management in New Zealand. In Proceedings of the 14th annual conference of the Pacific Rim Real Estate Society, Kuala Lumpur, Malaysia, 20-23 January, 2008.
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