C&W Identifies Major Savings Across Global HQ Portfolio
Coca Cola Enterprises currently occupies 55,000 sq. m. of headquarters space globally over seven locations supporting some 2,500 employees at an annual total cost of €18 millon. CCE challenged Cushman & Wakefield to support it in collating and consolidating global property and portfolio information into a globally consistent database, as well as to identify opportunities to improve financial performance and space efficiency and, where possible, identify market opportunities for capital generation.
Step 1: Collate quality review and consolidate global property information into a central, accessible and sustainable property database solution, providing guidance on KPI and management reporting on portfolio data.
Step 2: Analyze current property in line with portfolio and market performance to identify opportunities for financial and space optimization.
Step 3: Work with local country mangers to understand each opportunity in the context of globally consistent standards and local cultural relevance. Identify a suitable delivery, implementation program and timeline for realization of opportunities. The work included translating the IPD Cost Code for the first time in Russian.
Cushman & Wakefield identified a number of opportunities for CCE to meet its project and business drivers and are currently supporting CCE in determining appropriate management KPIs to monitor and report across its property portfolio. This resulted in identifying circa €35 million in capital generation projects. As well, our team is currently supporting CCE to deliver the same engagement throughout its Global Sales, Marketing and Distribution sites.