Table 1. Categorisation of benefit and...

Table 1.

Categorisation of benefit and decision variables

Decision variable	Decision options
Landlord deal	Surrender; regear and freehold purchase
Lease event	Lease expiry and lease break
Third-party deal	Assignment; subletting; new lease and portfolio disposal
Space utilisation	Single site; mothballing and backfilling space

Benefit variable	Examples of benefits
CRE profile	Disposability of space; short term solution; non-core operation and retention
CRE metric improvements	Improvement in flexibility and footfall
CRE future-proofing	Future-proofing: HQ retention; potential cre problems and consolidation
Property management	Management of CRE
Implementation benefits	Achievability; hitting deadlines: quick and immediacy
Proposed portfolio	Fit for purpose
Business metrics	Business metrics
CAPEX	Capital expenditure and write down
Cash	Cash and cash conservation
Cost reduction	Cost and cost savings
Profit and loss	Profitability and balance sheet
HR benefits	Work: life balance; commute times and people benefits
HR talent	Age profile of the workforce and attracting and retaining talent
Motivational drivers	Individual and team benefits, including bonuses
Business prospects	Disconnection of strategies and growth prospects
Stewardship	Accountability; stewardship; regulatory environment and accountability
Operational benefits	Reduced management time; simplified processes
Risk reduction	Risk dependence; risk of default: least risk option
Financial stakeholders	Earnings per share; city perception; dividend; raising finance

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