PROJECT TEAM
Marcus J. Rayner
CresaPartners

CLIENT OBJECTIVES
To help a growing media and publishing client improve control over its corporate real estate portfolio and provide a global resource for real estate services.

RESULT
Pearson leases or owns in excess of 8 million sf of real estate in 25 countries. Its real estate group is based in New York. CresaPartners uses its READ2000 database to provide Pearson's management team with accurate and accessible information on its real estate portfolio. In corporate disposals, the company can provide detailed reports on the individual real estate holdings to the proposed purchaser quickly and efficiently.

Central control of the real estate portfolio is critical to effective management. Individual subsidiaries are able to operate the system on a micro basis by tracking important lease event dates such as expirations and renewal options. Central management can then monitor progress of specific projects and produce overview reports that give an immediate and concise picture of the active portfolio. READ2000 allows the client to conduct benchmarking exercises that identify the most efficient and inefficient operations and to act accordingly to generate cost savings and maximize portfolio value.

Our understanding of the client’s day-to-day management issues and coverage in 64 offices in 25 countries enables us to provide highly responsive strategic advice and transactional services.

Pearson’s real estate portfolio is now highly organized. Its executives take a strategic approach to management and use integrated real estate resources that understand its business.