A NEW APPROACH TAKES FLIGHT 

Boeing

THE SITUATION

 

Five divisions at Boeing were each represented by separate facilities organizations. Each division’s real estate representative had a separate and independent approach to securing or disposing of real estate. The result: divisions unknowingly bid up the price against each other in the same market for the same space.

 

WHAT WE DID

 

By providing extensive real estate expertise and leadership Boeing's five facilities groups were able to utilize a unified approach and strategic processes. Internal communication strategies were also established to identify and coordinate anticipated facility demand – creating a more collaborative, cost effective acquisition process.

 

THE OUTCOME

 

Big savings. Over a 10-year period, a savings of $133 million was documented for $850 million worth of real estate activity. This was achieved with a consistent, systematic approach to supporting Boeing’s real estate activities throughout the company’s worldwide operations, while maintaining the independence of each divisional facilities organization.

 

SERVICES WE PROVIDED:

 

  • Real estate & facilities strategy
  • Portfolio and organizational strategy
  • Real estate asset evaluation
  • Acquisition & disposition strategy
  • Lease vs. own and relocations strategies
  • Capital planning & restructuring
  • Forecasting & financial modeling
  • Site selection
  • Feasibility studies & analysis
  • Acquisition