The ability to appraise various property options is a key requirement for any Strategic Property Manager. With regard to acquiring a freehold office in Bristol provide a detailed analysis of the process that must be completed before reaching the appraisal stage, noting any data likely to be required. Give a detailed account of the advantages and disadvantages of a variety of option appraisal methods that could be used to identify a short list of 2 properties.
Any conclusions should be fully justified, reasoned and explained. Where appropriate your answer should be referenced.
You are the Estates Manager for a major high street fashion retailer with “Growth” as a corporate object. With this in mind the company is just about to acquire a regional competitor in an area of the country where it is under represented. Describe the process for reviewing the property portfolios and discuss the likely criteria for identifying surplus properties and those that would benefit from additional investment. What data/information will be required to analyse the portfolios and consider how they would be applied and utilised.
Your discussions should fully analyse the processes and highlight any potential benefits. Any recommendations should be fully justified, reasoned and explained. Where appropriate your work should be referenced.