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Facilities Management Poised to Lead China’s Transformation 

china real estate news

Hong Kong skyline.

Facility management and corporate real estate professionals will play a central role in the design and planning of the growth of China’s mostly state-owned, national corporations, according to new research published by CoreNet Global, which appears in the January 2013 issue of LEADER magazine.

While China is the world’s second-largest economy, it is still catching up to the developed world’s more mature markets in regard to modern office planning and design.

The report says facilities managers, and the plans they follow, will become more strategic in nature as these managers influence all aspects of the workplace. Goals include sustainability, energy efficiency, and increased worker productivity.

The report continues that the facilities management industry will continue to make inroads throughout China because by 2050, the country is expected to build as many as 50 new cities that don’t exist today.

The report also notes China’s business evolution is making larger strides because corporate real estate, a more strategic version of facilities management, is driven in large part by multinational corporations that are beginning to instill their best-in-class global management practices across China’s vast economic landscape. The research says: “Many companies rely on outsourced partners because of the lack of internal expertise.”

CoreNet Global’s findings also show that branding and marketing are two specific ways facilities managers can help make their companies more globally competitive, because corporate real estate is often an expression of the brand and product lines of the corporate enterprise. Reputation is another way, as China’s 80 million square feet of LEED certified space help to show.

Click here for complete details.

CoreNet Global is the world’s leading professional association for corporate real estate and workplace executives, service providers and economic developers.

Illustration by Arvind Balaraman at Free Digital Photos.net

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