Portfolio management for IBM
BNP Paribas Real Estate provides IBM with a range of services to assist in the smooth and efficient management of its UK and Ireland portfolio.
IBM required assistance in consolidating its UK and Ireland property portfolio in order to drive down occupational costs and provide increased flexibility to their leasing requirements.
The management of lease data was key, enabling BNP Paribas Real Estate to accurately manage a treasury service, whilst also being able to advise accurately on critical data. Accurate data has enabled us to assist on a comprehensive strategy, involving the disposal of surplus properties, the restructuring of leases and the execution of critical dates. By holding accurate data, we have been able to challenge occupational costs, creating substantial savings for the client over a prolonged period.
“IBM and BNP Paribas Real Estate’s long-standing relationship dates back to the 1970s. We currently provide services ranging from management and treasury to office agency and building consultancy. Due to the long-term relationship, we are seen as a trusted adviser.“