Strategic Management of Buildings Available to Purchase

Buildings are a major asset to any organisation. They need good management in all respects to enable them to match their owners′ or users′ requirements. Any organisation needs strategic plans at varying levels stemming from an overall business plan. Each building requires a strategy for its management which will take full account of: the needs of the users as these emerge and change; and the maintenance and enhancement of asset value. These two factors should not be mutually exclusive and facilities directors or managers need to plan positively to combine them. Building strategies which project their use and action to be taken over, say, a five‐year period, and which are updated and reviewed annually, will provide management with advance knowledge of financial commitment and raise awareness of each building′s potential.