Corporate Real Estate's New Think Tank: CoreNet Global announces the Applied Research Center

Corporate Real Estate's New Think Tank: CoreNet Global announces the Applied Research Center

Press Release
April 17, 2005

First-of-its-kind research arm to hold first Research Council at Toronto Global Summit

Toronto, Ontario and Atlanta, Georgia - April 17, 2005 - The corporate real estate industry has a new place to turn for up-to-date facts on industry trends and developments as CoreNet Global today announces the launch of the Applied Research Center (ARC).

Dr. Bruce Ellis, Vice President for Global Research at CoreNet Global, is running the ARC. Ellis team includes real estate academics and professionals as well as sixteen commercial real estate service providers and end user representatives who will help set the research agenda for 2005 and beyond.

As real estate becomes more accepted as a strategic asset by corporate management, the ARC will continually focus on issues such as the importance of the capital markets and portfolio optimization, as well as sustainability, corporate social responsibility and workplace strategy. The research will enable corporate real estate executives to better position their portfolios, enhance shareholder value and plan their careers. The ARC will build on past CoreNet Global studies of the corporate real industry in the years 2000 and 2010. Corporate Real Estate 2010: Enabling Work in a Networked World, was released in March 2004.

"The Applied Research Center is a natural extension of CoreNet Global s seminal past research and will use benchmarking and best practices of critical issues to take an even broader and deeper perspective of important industry trends, says Ellis. With corporate real estate s best minds on staff and our industry research partners, the Applied Research Center will fast become the leading think tank for the commercial property business," adds Ellis.

To accomplish its mission, the ARC will establish three international Research Councils to conduct its studies, much of which will be based on case studies from the industry. They ll consider subjects like outsourcing or Customer Relationship Management (CRM) and offer viewpoints from North America, Europe, Asia and Latin America to the critical issues facing corporate real estate today.

At the Toronto Global Summit on April 17, 2005, Ellis will convene the first full-scale meeting of the North American Research Council that will set part of the research agenda for the year. ARC partners on the Research Council meeting in Toronto include:

  • British Broadcasting System (BBC)
  • CB Richard Ellis
  • Capital One
  • EDS
  • Ford Land
  • US General Services Administration
  • Johnson Controls
  • Jones Lang LaSalle
  • Kaplan, Inc.
  • McKesson Pharmaceutical
  • Royal Bank of Scotland
  • SBC Communications
  • Sprint
  • The Trammell Crow Company
  • USI
  • Whirlpool

CoreNet Global convenes the corporate real estate industry at the Global Summit from April 17-April 20 at the Metro Toronto Convention Centre in Toronto, Ontario.

About CoreNet Global
CoreNet Global members manage US $1.2 trillion in worldwide corporate assets consisting of owned and leased office, industrial and other space. With 7,500 members representing large corporations around the world, CoreNet Global (www.corenetglobal.org) operates in five global regions: Asia, Australia, Europe, Latin America and North America, including Canada.