search query: @supervisor Viitanen, Kauko / total: 282
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Author: | Mets, Maarja |
Title: | Corporate real estate ownership and the cost of occupancy in Finland |
Publication type: | Master's thesis |
Publication year: | 2013 |
Pages: | vii + 47 + [5] Language: eng |
Department/School: | Maankäyttötieteiden laitos |
Main subject: | Kiinteistöoppi (Maa-20) |
Supervisor: | Viitanen, Kauko |
Instructor: | Falkenbach, Heidi |
OEVS: | Electronic archive copy is available via Aalto Thesis Database.
Instructions Reading digital theses in the closed network of the Aalto University Harald Herlin Learning CentreIn the closed network of Learning Centre you can read digital and digitized theses not available in the open network. The Learning Centre contact details and opening hours: https://learningcentre.aalto.fi/en/harald-herlin-learning-centre/ You can read theses on the Learning Centre customer computers, which are available on all floors.
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Location: | P1 Ark Aalto 373 | Archive |
Keywords: | corporate real estate strategies CRE CRE ownership changes occupancy cost ownership leasehold outsourcing |
Abstract (eng): | Finnish companies own a significant share of commercial real estate. Every company having its unique corporate real estate strategy being aligned to the core business. The current thesis presents and analyses the CRE strategies from financial and operational point of view. Previous research has observed the decreasing trend in CRE ownership and has predicted the increasing popularity of the sale and leaseback concept. It is, however, impossible to foresee the turbulences and its impacts in the world economy and its impacts to CRE ownership. Current research points out how the European financial crisis has tangled the asset ratios and the earlier predictions. During last years the Finnish companies have recovered their financial positions and even executed new property investments. The financial surviving is about cost, and the theoretic analysis and empiric study exhibits a direct link between ownership and cost higher CRE ownership results in lower occupancy cost and smaller CRE ownership in higher occupancy cost. However, there are sectors where such link is not self-evident. The thesis underlines the importance of understanding the company's whole expense base (including CRE related cost) which has a great impact to the business's profit (and loss). The results of the thesis can be directly linked to the new features in the literature for CRE - cost effectiveness and competitiveness, industrial peculiarities and the direct impacts on company revenues. |
ED: | 2013-07-31 |
INSSI record number: 46987
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