02 — Capability · BC-370.10
Real Estate & Portfolio Strategy
Decide which sites the organization needs, where, how large and on what terms, and manage the leases and owned property that result as a portfolio rather than a pile of contracts.
- Corporate Real Estate
- Lease Management
In scope
- Site strategy and location decisions
- Lease negotiation and administration
- Acquisition and disposal of property
Out of scope
- Store site selection for retail networks (see BC-1370)
- Lease accounting entries (see BC-210)
Decomposes into · 3
- BC-370.10.10Portfolio & Site StrategyMatch the footprint of sites to how and where the organization actually works, and plan the moves to get there.
- BC-370.10.20Lease AdministrationTrack every lease's terms, options, critical dates and obligations, so a renewal deadline never arrives unannounced.
- BC-370.10.30Property TransactionsAcquire, lease, sublease and dispose of property on terms that fit the strategy, with the approvals and diligence done.