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Stuart Adamson

What does your Commercial Property cost you...? A Finance Director's perspective on Commercial Property...

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Finance Director’s Perspective...

What does your Commercial Property cost you...? A Finance Director's perspective on Commercial Property...

Commercial Property is not an “Investment” unless you are investing in Commercial property as your core business. It is a cost to your business like any other.

So, what does it cost your business? If you were appearing on TV and were asked how much per square foot your property cost your business would you be able to answer?

It is strange how few senior financial managers are aware of just what they are spending on property, whether they are freehold or leasehold occupiers this will be a significant cost item in the P&L. Often your business is locked into a lease deal that extends for a further 10 or more years!! How have you defined in your business “property costs”? Do you include items such as security, mail-room, catering as a property cost or do you see some of these as inevitable business costs no matter what.

What you can do to manage this cost base depends on your appetite to be a little creative and spend some time focusing on an issue not primarily related to your core business. It will be worth it however as the rewards can be considerable. These rewards will be reflected in efficiency savings, cost reductions, space reductions (even in freehold occupation!!) and don’t forget tax savings.

In future Blogs, I will be sharing some interesting thoughts on what can be done…

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