Corporate Real Estate Consulting & Technology Services

We help clients across all industries to achieve their corporate real estate (CRE), facilities management, workplace strategy, technology, and transaction goals. EY corporate real estate consulting and technology practitioners apply deep skill sets and marketplace experience to help clients develop and implement strategies that positively impact the environments in which we work.

Delivering transformative corporate real estate consulting and technology services that positively impact people and reimagine the workplace.

Our services include:

  • CRE Transformation

    Restructure your CRE operating model, organization and service delivery model so you can thrive in today’s competitive corporate real estate arena. Lean on our decades of global experience to improve your footprint strategy, real estate portfolio costs and workplace experience.

    Our capabilities include:

    • CRE operating model and service delivery strategy
      • CRE operational assessment and health check
      • CRE operating model development
      • CRE organizational design
      • CRE governance model design
      • CRE facilities management (FM) service delivery and outsourcing
      • CRE cost management programs
      • Sustainability services
      • WELL certification
    • Real estate portfolio and workplace strategy
      • Location strategy
      • Site selection
      • Real estate portfolio strategy
      • Workplace strategy
      • Real estate lease advisory
      • CRE program management

    EY at work

    Fortune 100 industrial conglomerate

    ▇ The issue

    With the COVID-19 Pandemic accelerating changes across the real estate and construction industries, there was a significant opportunity to perform cost-saving analysis across a wide range of areas, including energy usage, rent/leasing, facilities management, office strategy, excess land, property incentives and more.   

    ▇ The solution

    The company turned to EY to identify run-rate real estate savings and asset monetization through performing a detailed cost analysis, developing business cases, and implementing transformative solutions. 

    ▇ The outcome

    EY identified $40M+ annual cost savings opportunities and $200M+ of one-time cost savings opportunities, including footprint consolidations, lease renegotiations, property tax appeals, and asset monetization. 

  • M&A and Divestitures

    Take advantage of our market-leading due diligence, integration and separation solutions for clients who acquire and sell properties. Our proprietary real estate integration and separation analytical tools are leveraged by our global network of experienced CRE professionals.

    Our capabilities include:

    • CRE pre-deal due diligence
    • CRE buy and integrate services
    • CRE sell and separate services
    • CRE post-close, spin, and integration support

    EY at work

    International manufacturing company

    ▇ The issue

    Client desired to improve shareholder value by simultaneously spinning-off non-core assets and reimagine its remaining business.

    ▇ The solution

    Client turned to EY to support with the tax-free spin-off of a critical and highly entangled business unit with real estate across multiple asset types and regions, while supporting the Global RE leader with the selection of Global HQ, design of an operating structure for SpinCo. EY identified, designed and executed value creation initiatives to reposition the remaining enterprise for success within a fast-paced timeline.

    ▇ The outcome

    The “SpinCo” now trades on the NYSE and is completing construction for its new HQ. EY continues to support the client on additional efforts to attain its ESG objectives through various methods such as solar power generation across the US. Client achieved an excess of $1M+ of additional value opportunities.

  • Digital workplace and corporate real estate technology

    Explore and assess your existing CRE technology landscape, drawing on our decades of experience with hundreds of clients. Together, we develop a comprehensive CRE technology strategy, drive IT system selection and implement leading-practice solutions.

    To enhance your workplace experience, connect with one of our CRE leaders for leading-practice options based on our digital workplace ecosystem. We can support your efforts from use case development to solution selection to deployment.

    Our capabilities include:

    • CRE IT assessment
    • CRE IT strategy
    • CRE IT system selection
    • IWMS implementation
    • CRE platform implementation
    • Digital workplace and smart building
      • Strategy development
      • Technology selection
      • Implementation services

    EY at work

    Multi-national luxury retailer

    ▇ The issue

    A global organization spanning 4M SF and 1,500+ retail stores was implementing TRIRIGA lease administration and accounting to meet the FASB standard for their global lease portfolio. The in-flight distressed project had missed its functionality and delivery deadlines.

    ▇ The solution

    EY provided program management, financial reporting requirements, development, integrations and extended support, including ongoing technical managed services for enhancements and support. EY Delivered additional functionality to support complex percentage rent leases and sales data, eliminating multiple legacy systems and integrations.

    ▇ The outcome

    The client is now successfully managing their portfolio, meeting their reporting requirements and expanding use.

  • Managed services

    Simplify and enhance the ongoing management of your integrated CRE technology platform or integrated workplace management system (IWMS) with management services support from our CRE teams. Challenged to secure up-front budget to invest in your CRE technology needs? Connect with us about our cloud-based CRE analytics-as-a-service and digital twin-as-a-service offerings.

    Our capabilities include:

    • IWMS application managed services
    • CRE analytics as a service
    • Digital twin as a service

    EY at work

    Professional services company

    ▇ The issue

    The organization spanning 150 countries and 700+ offices was embarking on a Future of Work initiative across their global portfolio. To support these new environments, they required a new workplace technology to support flexible seating, collaboration and meeting space.

    ▇ The solution

    EY developed the strategy, plan, functional requirements, and the support organization. Performed program management, sourcing and implementation services. Deployed pilot program across 100 sites within 365 days.

    ▇ The outcome

    Established technology infrastructure for hoteling and space management globally, and improved workplace experience to attract and retain top talent.

  • Capital equipment strategy

    Change how you view your fixed assets and capital equipment. Uncover quick-win cost management techniques and leading practices for fixed-asset ledger data integrity and maintenance. Link financial and operational aspects of your capital equipment and fixed assets by conducting asset life cycle studies, analyzing capex and better controlling the maintenance costs of your assets. 

    Our capabilities include:

    • Capital equipment and fixed asset data optimization
    • Asset lifecycle studies
    • Replacement capex studies and deferred maintenance quantification
    • Fleet management and optimization

    EY at work

    Fortune 100 industrial conglomerate

    ▇ The issue

    With the COVID-19 Pandemic accelerating changes across the real estate and construction industries, there was a significant opportunity to perform cost-saving analysis across a wide range of areas, including energy usage, rent/leasing, facilities management, office strategy, excess land, property incentives and more.   

    ▇ The solution

    The company turned to EY to identify run-rate real estate savings and asset monetization through performing a detailed cost analysis, developing business cases, and implementing transformative solutions. 

    ▇ The outcome

    EY identified $40M+ annual cost savings opportunities and $200M+ of one-time cost savings opportunities, including footprint consolidations, lease renegotiations, property tax appeals, and asset monetization. 

How our corporate real estate consulting and technology services can help

We are real estate professionals, engineers, architects, tax professionals, project managers and more. Our team offers the full suite of corporate real estate competencies.

Our CRE team brings an array of qualifications

Let's have a conversation

Contact our corporate real estate consulting and technology team.
 

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