EC HARRIS AND CORPORATE PROPERTY ADVISERS COME TOGETHER Delivering enhanced property performance at pace and scale Corporate Property Advisers (CPA) focuses on transforming clients’ portfolios, individual properties and people by improving financial performance, supporting operational change and increasing organisational capability. It complements the existing EC Harris focus on business transformation, assurance, portfolio optimisation, enterprise sourcing and supply chain management. UNIQUE, IMPARTIAL ADVICE CPA’s clear objective is to enhance clients’ commercial performance. They are unique in the property sector and differentiate through their impartial advice and extensive ‘client side’ experience. With a hands on, proven track record for initiating, leading and delivering successful property projects throughout the world, their clients appreciate that astute management of corporate property can significantly enhance overall corporate performance. CPA work alongside senior management to assess options and drive initiatives to ensure that portfolios (and associated costs) are aligned with rapidly changing business needs. CPA was awarded CoreNet Partnership of the Year Award in 2013 for its collaborative work with ITV. INDUSTRY RENOWNED EXPERTISE The 15 strong CPA team have fully integrated with the EC Harris team to provide informed, impactful and insightful advice to clients. IMPRESSIVE TRACK RECORD INCREASING ORGANISATIONAL CAPABILITY | ITV Plc Following several years of under trading the appointment of a new executive team at ITV led to the launch of a five year business transformation programme to ensure property contributed to the strategic priority of ‘creating a lean creatively dynamic and fit for purpose organisation’. Appointed to lead the property workstream, the CPA team rationalised the existing UK portfolio and re-engineered the property function introducing leading edge process improvements and refreshing the supplier base. The strong business relationship that formed between ITV and CPA was recognised by industry experts as leading practice and achieved the CoreNet Partnership of the Year Award in 2013. “CPA have played a key role supporting the transformation of ITV into a lean, creatively dynamic and fit for purpose organisation” Ian Griffiths, Chief Financial Officer Peter Copley Partner IMPROVING FINANCIAL PERFORMANCE | Rentokil PLC New challenges saw the in-house team struggling and CPA was appointed to undertake a strategic review of the property portfolio and to identify what actions would have a material impact on profitability across the global estate. A property plan was agreed and executed in 3 main phases: de-clutter (to minimise cash drain and generate cash for reinvestment), transition (to bring operational stepped change including smart policies and consistent processes) and alignment (to deliver further compression and modernisation of the property footprint). Results were outstanding – The estate dropped by 170 sites with annualised savings of £20 million whilst generating £60 million. e [email protected] t +44 (0)7795 953 774 Robert Bailey Partner e [email protected] t +44 (0)7808 141 304 capital receipts.“We needed an independent property adviser who could “Joining together with EC Harris has given CPA an unparalleled opportunity to provide our clients with access to a broader and deeper pool of independent expertise, to EC Harris’ leading consultancy service lines and access to a global network. We are delighted to have joinied a market leader, and are benefitting from global scale and new approaches whilst bringing our own well developed insights and capabilities to the partnership” Peter Copley and Robert Bailey, Directors of CPA and Partners of EC Harris echarris.com/property echarris.com/blogs Follow us @ECHARRISLLP Join us ECHARRIS grasp our global estate to support corporate restructuring and bring significant cost savings. CPA’s impact has been outstanding” Andrew Macfarlane, Chief Financial Officer SUPPORTING OPERATIONAL CHANGE| Ladbrokes PLC A CPA review and subsequent tender of FM services achieved £2 million per annum savings across the 2,500 branch estate. Due to this success, the study was extended to identify further areas of capability improvement. The team undertook an organisational review and produced a report based on Ladbrokes “7-Levers of Functional Excellence” tool, grading 7 factors and 21 areas of team competence against market. Ten priority recommendations were made, focussing on those areas of highest value including: process and team restructuring to optimise a £50 million expansion programme; alignment of relationships with trading operations to increase responsiveness and communications; and better structured supplier relationships to improve capability, reduce costs and improve governance. “Excellent. The recommendations reinforced some views, dispelled others and gave fresh ideas… which we are already putting into action” Chris Robson, Group Property & Procurement Director