Strategic Real Estate Consultancy

Question 1

What big issues do you see as the key strategic considerations across your occupier clients?

Answer 1

• Flight to quality space
• ESG considerations
• Flexibility in an uncertain economy
• Talent attraction
• Cost

Question 2

What challenges have you confronted assessing or determining strategies across borders?

Answer 2

• Floor area basis
• Currency changes
• Local legislation
• Space requirements
• Cultural differences

Question 3

What is the difference between CapEx and OpEx with examples? (2+2)

Answer 3

• Operating expenses refer to expenses incurred to maintain the day-to-day operations of a company.
• E.g. rent, utilities, service charges, business rates, etc.
• Capital expenditures are assets that will benefit over an extended period
• E.g. dilapidations. fit out costs, furniture etc.

Question 4

What were the 4 consolidation options for your Stay vs Go in Bristol? (4)

Answer 4

• Remain in all 3 locations
• Relocate all to a completely new office
• Consolidate into 1 current office
• Consolidate into the other current office

Question 5

In a Stay vs Go, what other considerations do you have apart from purely financial?

Answer 5

• ESG/Sustainability strategy
• Employee satisfaction - commuting, hub
• Talent attraction
• Utilisation
• Long-term objectives in that location

Question 6

Benefits of flexible office space?

Answer 6

• Lower capital expenditure costs, therefore, which positively impacts their balance sheet
• Flexibility
• Scalable office footprint

Question 7

What are the different CO2 emission scopes? (3)

Answer 7

Scope 1: emissions from sources that an organisation owns or controls directly
Scope 2: emissions that a company causes indirectly. E.g. electricity in an office building
Scope 3: emissions from 3rd party. E.g. suppliers or staff commuting

Question 8

What is a coterminous lease?

Answer 8

Where two or more leases are linked together so they end on the same day as each other regardless of their state date