GLOBAL CORPORATE SERVICES
B A R C L A Y S C A P IT A L & C B R I C H A R D E L L I S
Headquartered in London, Barclays Capital is the investment banking
division of Barclays Bank plc, one of the largest multi-national financial
services groups in the world. With a focus on financing and risk
management, Barclays Capital acts internationally as an intermediary
and advisor to corporate, financial institutions, governments and
supranational organisations.
CHALLENGES
PORTFOLIO
INFORMATION
The global portfolio consists of
approximately 42 properties,
totaling 1.61 million sq ft
Barclays Capital is a dynamic organisation that needs robust, yet flexible,
planning for its future real estate needs. In particular, Barclays Capital
wished to:
ƒ
Have a detailed, robust and accurate records of all property lease,
occupancy and financial information, from which to drive analysis to
support business decisions and management reporting.
ƒ
SERVICES DELIVERED
Consulting
Transaction Management
Lease Auditing
Database Management
Effectively track business growth against occupancy profiles, to
strategically plan for real estate changes across the whole portfolio.
ƒ
Use this tool to engage with management in business and real
estate decision making at an early stage, to ensure that all options
are considered and opportunities are captured. As a result of this
interaction, to increase the profile of the Real Estate Centre of
Excellence.
CBRE CONTACTS
Fiona Collier
Luke White
ƒ
Use the strategic plan to develop tactical plans on a building-bybuilding basis.
ƒ
Drive the utilisation of real estate processes to meet consistent, high
quality standards across the Real Estate Centre of Excellence.
SOLUTIONS
PORTFOLIO DATABASE
CBRE collated lease and financial information for all of Barclays
Capital’s properties, abstracted all leases, cross-checked data and
transferred data to a web-accessible database. CBRE is currently working
with Barclays Capital to produce detailed bespoke management
reporting, enabling Barclays Capital to report activity and property
performance to management on a regular basis.
1
STRATEGIC PLANNING
With the benefit of robust portfolio data, CBRE devised analysis tools to
track headcount growth against occupancy potential, by building. These
have been used to create a building-by-building strategy and identify
“hot spots” for immediate action.
On the basis of this analysis, we have developed individual transaction
strategies in the context of a portfolio-wide plan. We are currently
undertaking transactions in the US and Latin America, Europe and Asia
Pacific. Transactions include:
ƒ
ƒ
“We are working with CB Richard
Ellis on a global basis to define a
strategic plan for the whole
portfolio. The breadth and depth
of their skills and market
coverage enables us to deliver
solutions to of all of our business
units, worldwide.”
Paul Copeland, Barclays Capital
ƒ
UK – acquisition of accommodation for global data centre.
US – acquisition of additional contiguous accommodation in New
York.
Asia Pacific – acquisition programme to support significant growth
in Asian markets including: Japan, Hong Kong, Singapore, China,
Korea and Taiwan.
PROCESS AND PROCEDURE DEVELOPMENT
In support of the above, CBRE has worked with Barclays Capital to
improve real estate process and procedures. We have reviewed current
practices in the light of Barclays Group requirements, made changes in
content and process structure and provided a simple mechanism by
which team members can access and use the information. The output of
this process is now being disseminated to the internal Barclays Capital
team on a global basis, and will be the platform for further reviews within
different business units.
ACCOUNT MANAGEMENT
To ensure that CBRE provides all of the above service to Barclays Capital
in the most efficient and responsive way, we have developed a global
account management structure that reflects the client’s own organisation
structure. The account is managed from London, with local markets
experts being deployed globally, as required.
BENEFITS
ƒ
ƒ
ƒ
ƒ
ƒ
ƒ
Detailed portfolio data, enabling robust decision-making.
Pro-active approach to real estate decisions.
Global strategic planning supported by tactical planning at local
level.
Platform to support fast-paced business decision-making.
Process and procedures to support project execution in a consistent
way across the portfolio.
Barclays Capital has a single point of contact for all real estate
issues, able to marshal CBRE’s extensive global network.
2