ATLANTA, GA – MARCH 22, 2024 – A team of students from the Indian Institute of Technology, Kharagpur won the CoreNet Global Academic Challenge 15 which was held in conjunction with the CoreNet Global Summit APAC in Kuala Lumpur earlier this month.

The CoreNet Global Academic Challenge, sponsored by KI, assembles student teams from around the world who focus on creating solutions to current challenges facing corporate real estate leaders.

This year’s challenge addressed the changing nature of work and its impact on the function of corporate real estate and the corporate real estate portfolio:

With the rise of remote and hybrid work arrangements, corporate real estate professionals must find creative solutions to provide a range of workspaces that support how and where employees will work now and in the future; reframe, realign, and repurpose existing real estate assets to reflect this new reality; and ensure that the workplace, broadly and holistically defined in the emerging era of technology-enabled hybrid working, supports and drives employee productivity, experience, and wellbeing; talent attraction and retention; and corporate imperatives for greater performance in both sustainability and diversity, equity, inclusion, and accessibility.

Three teams participated in a hackathon at the CoreNet Global Summit in Kuala Lumpur where their solutions were presented. The additional finalists were teams from the Indian Institute of Management, Calcutta and the National University of Singapore.

The Academic Challenge is an important step in raising the awareness of the profession and the impact of corporate real estate on the global economy. The competition is designed to attract students from all academic disciplines to tackle key challenges facing the profession, and perhaps more importantly, the challenges facing the enterprises our members serve.

About CoreNet Global

CoreNet Global is a non-profit association, headquartered in Atlanta, Georgia (US), representing nearly 10,000 executives in 50 countries with strategic responsibility for the real estate assets of large corporations. The organization’s mission is to advance the practice of corporate real estate through professional development opportunities, publications, research, conferences, designations and networking in 45 local chapters and networking groups globally. For more information, please visit www.corenetglobal.org and follow CoreNet Global on LinkedIn.