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Corporate Real Estate Function: A Review

Author

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  • Farahiyah Fadzil
  • Hishamuddin Mohd Ali
  • Ahmad Ariffian Bujang

Abstract

Nowadays, the indicators used to determine the real estate_s contribution to business activities in most organization are primarily focused on cost reduction or capital minimization. However, what is often not realized is that property can also assist revenue enhancement. This paper highlights the synthesis of previous studies from 1990 to 2010 in relation to the corporate real estate function. The considerations include the task of CRE executives that influence the shareholder_s wealth. The trends of the corporate real estate function are discussed. In summary, by recognizing the important of CRE function, it will provide the greatest support to CRE executives in public listed companies to enhance share price performance and dividend growth.

Suggested Citation

  • Farahiyah Fadzil & Hishamuddin Mohd Ali & Ahmad Ariffian Bujang, 2011. "Corporate Real Estate Function: A Review," ERES eres2011_207, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2011_207
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    References listed on IDEAS

    as
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    2. Ingrid Nappi-Choulet & Franck Missonier & Marion Cancel, 2009. "Value creation and the impact of corporate real estate assets : An empirical investigation with French listed companies," Post-Print hal-02313151, HAL.
    3. Chris Manning & Stephen E. Roulac, 1999. "Corporate Real Estate Research within the Academy," Journal of Real Estate Research, American Real Estate Society, vol. 17(3), pages 265-280.
    4. Ingrid Nappi-Choulet & Kim Hiang Liow, 2008. "A combined perspective of corporate real estate," Post-Print hal-00629226, HAL.
    5. Ingrid Nappi-Choulet & Franck Missonier Cancel & Franck Missonier-Piera & Marion Cancel, 2007. "Value Creation and the Impact of Corporate Real Estate Assets," ERES eres2007_150, European Real Estate Society (ERES).
    6. Stephen E. Roulac, 2001. "Corporate Property Strategy is Integral to Corporate Business Strategy," Journal of Real Estate Research, American Real Estate Society, vol. 22(1/2), pages 129-152.
    7. Christopher A. Manning & Stephen E. Roulac, 1996. "Structuring the Corporate Real Property Function for Greater "Bottom Line" Impact," Journal of Real Estate Research, American Real Estate Society, vol. 12(3), pages 383-396.
    8. Anna-Liisa Lindholm & Karen M. Gibler & Kari I. Levainen, 2006. "Modelling the Value Adding Attributes of Real Estate to the Wealth Maximization of the Firm," Journal of Real Estate Research, American Real Estate Society, vol. 28(4), pages 445-476.
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    More about this item

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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