5-year Estates Strategy
Cushman & Wakefield provided consultancy support to the IPCC in preparing an updated Estates Strategy to guide the organisation’s property decisions over the next 5 years. The objective of the report was to ensure that the IPCC estate was fit-for-purpose and would be able to meet operational requirements going forward.
The main justification of the creation of an Estate Strategy for IPCC involved a need to compile and document a number of other reports and business plans to create a strategy document that was dedicated to the organisation’s estate and could be updated in years to come. Therefore, Cushman & Wakefield reviewed all the required documentation as well as carried out an estate audit, analysing the costs of the estate, including rents, service charge, rates, hard and soft FM etc. As part of individual analysis of assets we also looked at lease terms, liabilities and expiries. One of the main aspects of the work involved numerous stakeholder consultations with core operational teams and corporate functions in each office. This enabled all stakeholders to be represented and their requirements satisfied in terms of the operational need, which was paramount to the recommendations and next steps to be produced as part of the strategy.
Recommendations were included in a report tailored to the IPCC’s requirements. All recommendations allowed the organisation to understand how operational best practice should be aligned with the estate, including how to manage the estate, whilst remaining flexible for future headcount increase. Key themes included staffing projections, geographical distribution of assets and space utilisation.