real estate in emerging markets: key success factors....emea & india portfolio overview. emea /...
TRANSCRIPT
![Page 1: Real Estate in Emerging Markets: Key Success Factors....EMEA & India Portfolio Overview. EMEA / India Port. Pfizer’s property portfolio in EMEA and India has a total square footage](https://reader034.vdocuments.us/reader034/viewer/2022043017/5f399de51827a14cc26d33e8/html5/thumbnails/1.jpg)
Real Estate in Emerging Markets: Key Success Factors.
CoreNet Global Zurich Discovery Forum11th December 2014
Operational Performance Process Improvement Environment
![Page 2: Real Estate in Emerging Markets: Key Success Factors....EMEA & India Portfolio Overview. EMEA / India Port. Pfizer’s property portfolio in EMEA and India has a total square footage](https://reader034.vdocuments.us/reader034/viewer/2022043017/5f399de51827a14cc26d33e8/html5/thumbnails/2.jpg)
Overview of Discussion
• Real Estate Property Portfolio• Challenges• Success Factors• Summary• Questions
![Page 3: Real Estate in Emerging Markets: Key Success Factors....EMEA & India Portfolio Overview. EMEA / India Port. Pfizer’s property portfolio in EMEA and India has a total square footage](https://reader034.vdocuments.us/reader034/viewer/2022043017/5f399de51827a14cc26d33e8/html5/thumbnails/3.jpg)
Real Estate Portfolio Overview
Operational Performance Process Improvement Environment
![Page 4: Real Estate in Emerging Markets: Key Success Factors....EMEA & India Portfolio Overview. EMEA / India Port. Pfizer’s property portfolio in EMEA and India has a total square footage](https://reader034.vdocuments.us/reader034/viewer/2022043017/5f399de51827a14cc26d33e8/html5/thumbnails/4.jpg)
EMEA & India Portfolio Overview
EMEA / India Port
Pfizer’s property portfolio in EMEA and India has a total square footage of 14,579,032
• ~27.5 million sqftoffice space globally(non-manufacturing)
• ~15 million sqftEMEA & India(manufacturing inclusive)
![Page 5: Real Estate in Emerging Markets: Key Success Factors....EMEA & India Portfolio Overview. EMEA / India Port. Pfizer’s property portfolio in EMEA and India has a total square footage](https://reader034.vdocuments.us/reader034/viewer/2022043017/5f399de51827a14cc26d33e8/html5/thumbnails/5.jpg)
EMEA & IndiaPortfolio Breakdown
![Page 6: Real Estate in Emerging Markets: Key Success Factors....EMEA & India Portfolio Overview. EMEA / India Port. Pfizer’s property portfolio in EMEA and India has a total square footage](https://reader034.vdocuments.us/reader034/viewer/2022043017/5f399de51827a14cc26d33e8/html5/thumbnails/6.jpg)
Emerging Markets Overview (Non-manufacturing space)
![Page 7: Real Estate in Emerging Markets: Key Success Factors....EMEA & India Portfolio Overview. EMEA / India Port. Pfizer’s property portfolio in EMEA and India has a total square footage](https://reader034.vdocuments.us/reader034/viewer/2022043017/5f399de51827a14cc26d33e8/html5/thumbnails/7.jpg)
Challenges
Operational Performance Process Improvement Environment
![Page 8: Real Estate in Emerging Markets: Key Success Factors....EMEA & India Portfolio Overview. EMEA / India Port. Pfizer’s property portfolio in EMEA and India has a total square footage](https://reader034.vdocuments.us/reader034/viewer/2022043017/5f399de51827a14cc26d33e8/html5/thumbnails/8.jpg)
Environment and Political Arena
• Political, economic and security uncertainty• Complexity of governmental regulations and
procedures (i.e. tax and legal compliance)• Corruption• Rapidly growing markets• Ability to do business
![Page 9: Real Estate in Emerging Markets: Key Success Factors....EMEA & India Portfolio Overview. EMEA / India Port. Pfizer’s property portfolio in EMEA and India has a total square footage](https://reader034.vdocuments.us/reader034/viewer/2022043017/5f399de51827a14cc26d33e8/html5/thumbnails/9.jpg)
Business Requirements
• Labour, skills and accessibility• Business Expectations in growth markets• Mergers and Acquisitions (M&A)• Organisational change• Cost saving pressures• Financing• Lease data and documentation (paper trail)• Lease clauses:
– Environmental Health and Safety (EHS)– U.S. Foreign Corrupt Practices Act of 1977 (FCPA)
![Page 10: Real Estate in Emerging Markets: Key Success Factors....EMEA & India Portfolio Overview. EMEA / India Port. Pfizer’s property portfolio in EMEA and India has a total square footage](https://reader034.vdocuments.us/reader034/viewer/2022043017/5f399de51827a14cc26d33e8/html5/thumbnails/10.jpg)
Real Estate
• Property availability, standards and grades• Condition and age of real estate portfolio• Landlord capabilities• Building Services (Cafeteria, Gym, etc.)• Location and transport routes• Fire life safety standards• Geographical reach and quality of service
providers and affiliates (i.e. RE/FM)• Environmental health and safety due diligence• Security due diligence
![Page 11: Real Estate in Emerging Markets: Key Success Factors....EMEA & India Portfolio Overview. EMEA / India Port. Pfizer’s property portfolio in EMEA and India has a total square footage](https://reader034.vdocuments.us/reader034/viewer/2022043017/5f399de51827a14cc26d33e8/html5/thumbnails/11.jpg)
Success Factors
Operational Performance Process Improvement Environment
![Page 12: Real Estate in Emerging Markets: Key Success Factors....EMEA & India Portfolio Overview. EMEA / India Port. Pfizer’s property portfolio in EMEA and India has a total square footage](https://reader034.vdocuments.us/reader034/viewer/2022043017/5f399de51827a14cc26d33e8/html5/thumbnails/12.jpg)
Success Factors
• Stakeholder engagement– Business, HR, IT, etc.– Business and headcount changes
• Core delivery team (space planning, project management, facilities management team, etc.)
• Centralised real estate legal support• Broker model and partnership • Property database and critical date summary• Financial (not main CBD, landlord fit-out, etc.)• Corporate Services Account Team (CSAT)
![Page 13: Real Estate in Emerging Markets: Key Success Factors....EMEA & India Portfolio Overview. EMEA / India Port. Pfizer’s property portfolio in EMEA and India has a total square footage](https://reader034.vdocuments.us/reader034/viewer/2022043017/5f399de51827a14cc26d33e8/html5/thumbnails/13.jpg)
Market Reports and Overview
• Market Reports• Property overviews• When to go to market• Broker support
• Short lists• Floor plans• Due Diligence
![Page 14: Real Estate in Emerging Markets: Key Success Factors....EMEA & India Portfolio Overview. EMEA / India Port. Pfizer’s property portfolio in EMEA and India has a total square footage](https://reader034.vdocuments.us/reader034/viewer/2022043017/5f399de51827a14cc26d33e8/html5/thumbnails/14.jpg)
Space Standards
• Space guidelines• Flexibility (sub-lease)• Landlord fit-outs guidelines• Quality of fit-out
![Page 15: Real Estate in Emerging Markets: Key Success Factors....EMEA & India Portfolio Overview. EMEA / India Port. Pfizer’s property portfolio in EMEA and India has a total square footage](https://reader034.vdocuments.us/reader034/viewer/2022043017/5f399de51827a14cc26d33e8/html5/thumbnails/15.jpg)
Summary
Operational Performance Process Improvement Environment
![Page 16: Real Estate in Emerging Markets: Key Success Factors....EMEA & India Portfolio Overview. EMEA / India Port. Pfizer’s property portfolio in EMEA and India has a total square footage](https://reader034.vdocuments.us/reader034/viewer/2022043017/5f399de51827a14cc26d33e8/html5/thumbnails/16.jpg)
Emerging MarketsActive Space Glidepath 2010 - 2014
![Page 17: Real Estate in Emerging Markets: Key Success Factors....EMEA & India Portfolio Overview. EMEA / India Port. Pfizer’s property portfolio in EMEA and India has a total square footage](https://reader034.vdocuments.us/reader034/viewer/2022043017/5f399de51827a14cc26d33e8/html5/thumbnails/17.jpg)
EMEA Active Space Glidepath 2010 - 2014
![Page 18: Real Estate in Emerging Markets: Key Success Factors....EMEA & India Portfolio Overview. EMEA / India Port. Pfizer’s property portfolio in EMEA and India has a total square footage](https://reader034.vdocuments.us/reader034/viewer/2022043017/5f399de51827a14cc26d33e8/html5/thumbnails/18.jpg)
Questions
?
Operational Performance Process Improvement Environment