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Standard Chartered Bank traces its roots all the way back to 1853. “One hundred sixty-three years later, we aspire to be the world’s leading international bank across Asia, Africa and the Middle East,” said Ben, who joined the company in 2003. The global CRE function was established in 2008. It was renamed Property in 2015, and today it reports into Group Finance. The bank operates in 68 countries. It has almost 2,200 properties, and the portfolio (15.4 million square feet) is 60 percent leased and 40 percent owned. Just eight years ago, 80 percent of the portfolio was owned, and only 20 percent leased. Interestingly, warehouse space figures prominently in the space mix “because the bank is required to keep a lot of paper records,” Ben said. There’s been a move in recent years to reduce the number of supply partners – and reduce Property headcount. Not long after acquiring Johnson Controls Global Workplace Solutions, CBRE took over a major contract that JCI had recently won, which covered 22 countries from India to Japan and almost 9 million square feet of bank space. That was a major outsourcing move, but the bank plans to do even more. Bids are currently being reviewed for a contract covering another 7 million square feet. “By early 2017, all Property delivery will be outsourced,” Ben explained. Darren reviewed a number of the bank’s energy management and environmental initiatives. “Being responsible is fundamental to Standard Chartered Bank,” he stated. Darren reported on progress the bank has made in a number of categories, including reduced energy, water and paper. “Our annual energy usage saved from 2008 is enough to power more than 33,000 homes,” he reported.
Keywords: Corporate Real Estate Forum, CREF, London, banking, finance, energy management
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