Finance executives: Understanding the true cost of property

The true cost of property whitepaper is available to download on this site by clicking here.

The Whitepaper written by Rachel Fielding, whose work has appeared in Econima, Financial Director and Finance Week provides an overview of the issues facing Financial Directors and Executives when examining property costs. Exclusively released to a select audience this week the paper’s content has evolved from interaction with a variety of leading financial executives and their comments on the issues that face them.

There is an increasing awareness at board level that Property and the associated cost is often the largest cost next to that of personnel. In addition there is an increasing desire by financial executives to arrive at a cost per workstation number, encompassing not only rent and rates but the entire supporting infrastructure that contributes to total property cost.

“Property has been a headache for CFO’s and I would certainly expect it to be on the radar. It’s clearly attractive for companies to know what their costs are but collating all of these costs in one place may be quite difficult”- Eric Tracey, non-executive director and chairman of the audit committee of FTSE 250 Chloride Group

With the increasing desire to align property to business needs, your property strategy can have huge implications on your company’s financial performance. The acceptance that along with traditional property models, outsourced solutions that provide a tailored solution at a location of the clients choice can provide tangible benefits, and even competitive advantage. Independently proven to be cost effective, they provide based on a comprehensive consultation process an optimised solution and remove capital expenditure requirements and mitigate risk.

Please contact Iain Shipley, Sales and Marketing Manager at Portal regarding any issues or comments related to the whitepaper:  iain.shipley@portalgroup.uk.com