Companies saw the need to expand their property management provision during the recession in order to compensate for poorly performing investments. As a result, today the role of the property manager now encompasses more than facilities management to incorporate asset management.
Tony Bones, managing director of Tideway Investment Management, says: "As it became more difficult to achieve acceptable investment returns primarly by holding assets, asset management came to the fore. And the bedrock of successful asset management is high-quality property management." Read more...
EGLife Special Reports - Property Management - 17th May 2014