Midas Case Studies
Strategic Vision
Identifying synergies between organisational direction and effective use of property assets
Midas played a leading role in the creation of a holistic, future-focussed vision for UK corporate real estate for the UK group property division and senior managers of a large global corporation. This has achieved a detailed understanding for the client organisation of their present capabilities and future requirements, enabling them to develop a realistic strategy which utilises all property assets efficiently and enhances business performance.
Strategic Property Analysis
Ensuring property issues are integral to business objectives
Midas provided a valuable independent and impartial financial analysis and evaluation of the London property holdings of a large international services group. This has resulted in new options and ideas for the in-house property team who are now able to more effectively manage their portfolio through consolidating property holdings and reducing costs to the business.
Relocation Planning
A professional, cost-effective approach to location strategy management
As the first step in a relocation process, Midas worked with the client's senior management to provide clarity and focus in identifying the real business needs of the client organisation. Once these needs were established, Midas played a key role in facilitating the selection of, and relocation to, new premises. This meant that the client organisation had the information it required in order to select the right property and that the process was managed effectively for them, meaning that time and money were spent efficiently.
Midas helped to ensure that the people in the business were motivated and committed to the change and therefore the transition was achieved smoothly. This freed up the senior management team to concentrate on running the business in the knowledge that the relocation was in professional and highly capable hands.
Property-related business and accommodation modelling
Midas looks at property solutions in terms of their impact on the bottom line of a business.
We can create financial business management models to evaluate the amount and cost of accommodation required by a business whether on a portfolio or property specific basis. This allows us to identify the Net Present Cost of any particular property solutions and therefore the financial impact on the business.
Our business and accommodation modelling enables both quantitative and qualitative analysis of specific property options on a whole life basis rather than simple year to year or rental costs. This may in turn identify any funding gap or the impact on business reserves so that the final transaction can be structured accordingly taking into account any tax relief or grant aid that might be available.
This enables better quality and informed decision making by the senior management team and ultimately solutions which are affordable and sustainable.
Property Audit
A property audit is the cornerstone of an effective property strategy
Midas undertook an independent audit and strategic review of a client organisation's operational property portfolio. For the client this resulted in a deeper understanding of their portfolio and of all the associated benefits, opportunities, threats, values and costs. Equipped with this critical knowledge and awareness, the client then had a sound basis for deciding how property should be utilised to best support its stakeholders.
We have since gone on to review operating approaches of their UK and European property portfolios and to advise on framework arrangements for future property and facilities outsourcing contracts.
Space and Cost Reduction
Evaluating future business requirements so that opportunities to reduce costs through space are not lost
The Midas operational review for the management team of a manufacturing and distribution company has unlocked a strategy to avoid significant, onerous property liabilities at reduced cost. Midas' logistics experts reduced the amount of new warehouse and accommodation required by around 25%. This will positively impact the future profitability of the business year on year through reduced property costs.
Exit Strategies
Exit strategies give business occupiers options for realising value in years to come
While the advent of the computer age has enabled organisations to look at how they do business and remain competitive many have felt less empowered to tackle their property needs because they are considered to be to complicated or costly and a concern for disrupting already busy work schedules - property is often not a priority unless there is a problem.
Midas has worked with a number of organisations to identify the strategic and commercial options relating to their need for commercial property, and to arrive at successful, cost-effective exit strategies which best suit the future needs of the business.
Property and facilities management outsourcing
Midas takes a business-led approach to addressing the relationships that need to be created for outsourcing and we identify the structure that will work best for the client organisation and service provider. We create frameworks that allow the parties to share the risks and the rewards so that both benefit from the innovation that changing business needs will present.
