Senior leaders will demand speed and quality of delivery in emerging markets that are opaque and operationally challenging. Time and costs can escalate rapidly, while the quality of the real estate solution may be compromised. The often-underestimated drain on resources and skills can put the internal reputation of CRE at risk.
What you can do: Don’t let emerging markets become CRE’s greatest reputational risk. Manage expectations and educate the business about the challenges of delivering real estate solutions in less transparent markets. Ensure this is clearly communicated early in the process.
QUESTION: Over the next three years, how will your portfolio evolve in each of the following regions?
Source:Global Real Estate Transparency Index, Jones Lang LaSalle, 2012