...industry across the world. • Mall management broadly includes mall positioning, zoning, tenant mix, promotions/ marketing and facility/finance management. • Currently, the Indian retail market lacks designated mall management firms. Large real estate developers and retail chains either have their own mall management arms operating as subsidiaries or have contractual agreements with international property consultants. • Till recently, mall management was limited to facility management by a majority of developers in India, leading to gaps in mall management practices. • Given the high future supply of malls and increasing competitiveness within the Indian retail market, developers must correctly address these gaps to ensure success. Mall Management – A Growing Phenomenon in Indian Retail Industry introduction Organised retailing in India witnessed a gross turnover of USD 320 billion1 in 2006. Although this figure is low compared with other developed economies, industry experts expect the growth rate of this sector at 35%2 until 2010. At present, about 100 malls are operational at a Pan-India level with a total area of 19 million sq ft. As per the current estimates, about 3003 additional malls are expected to be constructed across the country by 2010. specific to individual malls. We anticipate that the success of Indian malls will not only be achieved by housing the biggest and the best mix of retailers, but also by setting up new standards and procedures in mall management...
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...---Review RMA, D&B Financial info and other relevant information sources. 3. Develop a strategy ----Focus on creating a marketing strategy and tactics. ----Set marketing objectives and goals. ----Create a strategy to meet these goals. (write a rough marketing plan) 4. Find enough customers ----Advertising, Direct Mail, Mailing lists, trade shows, networking, dealer networks, personal sales calls, etc. 5. Find the right location ----Highly visible location, with sufficient traffic count, if relevant. For retail, who are the other tenants in the center or mall? How close is your closest competitor? What are the demographics of this location? 6. Motivating customers to take action ----Implementation of marketing strategies—utilize marketing mix determined in planning stage of marketing plan. Set targets and goals for sales reps if relevant. 7. Communication Measurement ----Measure effectiveness of marketing mix. Set up tracking mechanism for all sources of revenues. Review regularly and...
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...Case Study : ROPPONGI HILLS – CITY WITHIN A CITY Subject : Strategic Management Student Name : Balakrishnan Muthukaruppan Student Number : INTRODUCTION The case features the Mori Buildings successful development of Roppongi Hills, an integrated urban development and property management of a planned township under the leadership of Minoru Mori, President and CEO, and its future challenges. SYNOPSIS AND COMPANY BACKGROUND Mori Building was founded in 1959 by Taikichiro Mori. He was later succeeded by his son Minoru Mori whom was considered to be Japan’s most powerful building tycoon. Under his leadership the company envisioned and implemented many ambitious and complex urban development projects. One of the mega property development project were the Roppongi Hills , an integrated urban development of a well planned 12-hector mini city incorporating a blended concept of a place to work , life, entertainment, learning and culture at a cost of $2.25million( excluding land acquisition cost) completed in 2003. The other successful projects under the company were Ark Hills, an active multi property complex in 1986 and subsequently the Omotesando Hills famous for its shopping and residential street in 2006. The company also manages the maintenance and the administrative these complexes through various activities for its exploitations as an added revenues. Its other foreign projects include the construction of Shanghai World Finance Centre, in China considered...
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...Problem Statement Hubspot’S Challenge: Hubspot emphasizes that it will do only INBOUND marketing. That is the real problem and hence Hubspot’s real problem is the business strategy and not the marketing strategy. Inbound marketing cannot be a stand-alone strategy for a company but since Hubspot champions it, it has in effect cornered itself. Problem with Inbound is , it is a “carpet-bombing” air-war scheme which works in limited mode but in reality market demands “more targeted” ground-war scheme to break through the clutter. This means delivering high quality content to “right” audience and not just to everyone. You also have to do it across multiple channels, which may smell of some “outbound” marketing strategies like phone, direct mail etc. The challenge here is if someone don’t know about you then they cant search about you. And hence lack of an integrated multi channel business model is at the root of Hubspot’s problem. Hubspot is confusing inbound marketing with “content-driven” inbound marketing, which seems to create trouble for it. Hubspot SWOT Analysis: Strengths • Simple solution which attracts customers initially • Good lead tracking and analytics offering • Customer acquisition cost is comparatively lower than competition • Pioneer of Digital Inbound marketing • Do a good job of creating traffic • Decent demand for Hubspot’s freeware programs in market • Passionate employees • Good online buzz and positive press Weaknesses • Dependency on content...
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...REIT Analysis Project: Corporate Finance- Dr. Hardin (Fall 2014) Group Members: Clara Arango Derek Croissiert Raymond Diaz Marianela Muniz Alina Plasencia Table of Contents EXECUTIVE SUMMARY 3 BACKGROUND: 3 INVESTMENT STRATEGY: 3 REAL ESTATE PORTFOLIO & TENANT DIVERSIFICATION: 4 DIVIDEND GROWTH: 5 REVENUE GROWTH: 7 RISKS/MITIGANTS: 8 RISK: MARKET RISKS 8 MITIGANTS: 8 RISKS/MITIGANTS: 10 RISK: INTEREST RISK 10 MITIGANTS: 10 MITIGANTS: 11 ANALYSIS: 13 MARKET PREVIEW & HOW THE FIRM FITS IN: 13 GROWING CONSUMER CONFIDENCE: 15 SHAREHOLDER DIVIDENDS INVESTMENT VEHICLE: 16 ACCESS TO CAPITAL: 17 INDUSTRY RANK: 17 EARNINGS TRENDS: 17 COMPETITORS: 18 FINANCIAL STATUS: 19 BALANCE SHEET: 21 INCOME STATEMENT: 22 CASH FLOW: 23 ANALYSIS WITH ASSUMPTIONS & SUPPORT 25 TABLES: 25 EXHIBITS FROM SPREADSHEETS 30 SUMMARY & CONCLUSION 33 REAFFIRMED HIGHLIGHTS: 34 STRENGTH, LIQUIDITY AND PERFORMANCE: 34 OUTLOOK: 35 EXECUTIVE SUMMARY Background: Realty Income Corporation (“Realty Income” or “RIC” or “REIT”) is an equity real estate investment trust (REIT). Realty Income is a publicly traded (NYSE: Ticker symbol “O”) and is also known as “the monthly dividend company” which parallels its dividend payout structure. The Company is engaged in acquiring and owning freestanding retail and other properties that generate rental revenue under long-term lease agreements (primarily 10 to 20 years). In January 2013, it acquired American Realty Capital...
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...an initial assessment and overall impression of the community where the participating family lives. According to Stanhope and Lancaster, (2012, p.190) community is defined as a "social network of interacting individuals, usually concentrated in a defined territory". Individuals, grocery stores, and hospitals are just a few examples of what makes up a community. Community health refers to "the meeting of collective needs by identifying problems and managing behaviors within the community itself and the relationship between the community and the larger society" (Stanhope & Lancaster, 2012, p. 401). Indicators used for assessment of community health include infant mortality rate, number of motor vehicle crashes, childhood poverty rates, lung cancer rates, and other data used to develop a broad definition. The Phrase "community as a client" refers to the focus of nursing in an integrative model for community health promotion. It is important to remember that community oriented care is population focused, addressing the complex mix of health problems, clients, and levels of care within the system. Partnerships in the context of communities as the clients refer to shared responsibility for outcomes between nursing and the community. The community is in transition as evidenced by beautiful restored or newly built homes appropriate to the 1930s period architectural style which is evident in many historic buildings in the community. There is definite delineation between the restored...
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...Question 1: Capital Budgeting (12 + 4 + 4 = 20 marks) | | Forgone Rent | Fitout | Equipment | Operating Expense | Advertising | Revenue | Net Cash Flow | Time Factor | Present Value | Y0 | | -150,000 | -120,000 | | | | -270000 | 1 | -270000 | Y1 | -60,000 | | | -180,000 | -40,000 | 400,000 | 120000 | 0.917 | 110040 | Y2 | -60,000 | | | -180,000 | -40,000 | 400,000 | 120000 | 0.842 | 101040 | Y3 | -60,000 | | 36,000 | -180,000 | -40,000 | 400,000 | 156000 | 0.772 | 120432 | Y4 | -60,000 | | -130,000 | -180,000 | -40,000 | 450,000 | 40000 | 0.708 | 28320 | Y5 | -60,000 | | | -180,000 | -15,000 | 450,000 | 195000 | 0.650 | 126750 | Y6 | -60,000 | 10,000 | 39,000 | -180,000 | -15,000 | 450,000 | 244000 | 0.596 | 145424 | | | | | | | | | At 9% | | | | | | | | | | NPV | 362006 | | 1 mark | 2 marks | 2 marks | 1 mark | 1 mark | 1 mark | 1 mark | 1 mark | 2 marks | | | | | | | | | | | a. Calculate the NPV for the proposed investment [12 marks as indicated in table above] | | | 1. Current rent 5,000 per month ($5000*12 = 60,000) | 2. Café fit-out 150,000; Residual value is 10,000 after 6 years | 3. Computer equipment 120,000; residual value 36,000 after 3 years; new computers purchased at beginning of Year 4 at 130,000; residual at end of Year 6 is 39,000 | | 4. Operating expense - 180,000 all six years | | | 5. Advertising 40,000 in first 4 years and 15,000 in the 2 years after that...
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...REVISED FEBRUARY 11, 2015 CRAIG FURFINE KEL553 Wildcat Capital Investors: Real Estate Private Equity “Okay. Now we’re even,” said the voice on the telephone. As he hung up the phone, James Tripp, managing director of Wildcat Capital Investors, thought back to that beautiful summer evening two years earlier when he was about to enter Ravinia Park to enjoy a performance of the Chicago Symphony with his friend, commercial real estate broker Katherine O’Brien. The sound of scraping metal had caught Tripp’s attention just in time for him to save O’Brien’s life—or so he liked to claim—by blocking an approaching bicyclist headed straight for O’Brien in a reckless attempt to cross the track ahead of an oncoming train. At the time Tripp had joked, “Now you owe me.” Referring to the opportunity to purchase a piece of commercial property before the sale became public knowledge, he continued, “How about showing me a great off-market deal some day?” Now, in September 2009, it seemed that O’Brien had indeed returned the favor. The opportunity O’Brien had just briefly outlined on the phone sounded perfect for Wildcat. Financial Commons was a 90,000-square-foot office property located in the Chicago suburb of Skokie. The building was 90 percent occupied and was being offered for what seemed like an incredible price of $10.4 million. Given the bleak commercial market environment at the time, such opportunities were few and far between. But Tripp knew there were many factors...
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...Malls and Hypermarkets: Perspectives of Contemporary Shopping CHAPTER – 1 INTRODUCTION 18 School of Management Studies, Punjabi University, Patiala Malls and Hypermarkets: Perspectives of Contemporary Shopping 1.1 INTRODUCTION The last decade has witnessed dynamism in Indian retail sector. Various urban areas have been at the center of attraction with emergence of different kinds of organized retail formats gaining momentum. It is largely due to rising income, increasing purchasing power, credit facilities, changing pattern of consumer behaviour and increased consumer awareness. Retailing has emerged as one of the most important sectors of Indian economy beyond the 90s. A large number of retail model retail formats have come in force offering a wide spectrum of merchandise and services. The professional orientation and incorporation of various technology–enabled softwares has offered these retailers better customer relationship management, merchandise offering, store atmosphere and inventory management. There’s a flurry of activity as a revolution sweeps through small town India, with intimidating Malls, Hip stores, looming Hypermarkets & hangouts mushrooming all over the place, apart from a perceptible lifestyle change, breathing fire into these cities (Agarwal, 2006). And it is happening not just in one or two cities, but across all major Tier – II & III cities of India, and in a spectrum of sectors – booming real estate, malls, multiplexes and cinemas, global...
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...Introduction The Michigan real estate market is highly competitive. Greater marketing and professionalism is now a requirement in the real estate industry, as is the service provided to procure a successful sale and or purchase. As in the real estate industry, service delivery is complicated by the presence of the customer at the point of service production. The customer contact employee must accommodate uncertainty and variability introduced by the customer, which in the real estate industry is vital to being successful. Problem Statement Greater marketing and professionalism is now a requirement in the real estate industry, as is the service provided to procure a successful sale and or purchase. As in the real estate industry, service delivery is complicated by the presence of the customer at the point of service production. The customer contact employee must accommodate uncertainty and variability introduced by the customer, which in the real estate industry is vital to being successful. An understanding and appreciation of consumption and the consumer in real estate services is arguably more important than ever if providers of real estate services are to rise to the competitive pressures building in the sector. Real estate, as with all service businesses, need to focus on the quality of service as it is becoming an increasingly important differentiator between competing businesses and in many industries, such as real estate, it is often the only core differentiator...
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...boost their sales and obtaining bigger market share. Therefore, this commentary will examine the marketing mix approached by Mydin to successfully market their product and formulate their marketing strategy. Therefore, Mydin can moves towards becoming a market leader PRODUCT Mydin has a wide range of product line such as food line, hard line and household items. Due to the wide range of product, Mydin will benefits from larger customer base. This will give positive advantage to Mydin as its customer can obtain all products needed here at lower and cheaper price. As a local player, Mydin provide items that are complement with its customers need. Majority of Malaysian are Muslims. Therefore, Mydin provide local prayer mats, prayer garments for women and traditional product which are rarely found elsewhere. However, Mydin should consider its non- muslim customers due to the image of the place where only Muslim shops PLACE Mydin is currently expending their business into different format namely hypermarket, emporium, and My Mart (24 hour convenience stores). As referred to growth of Mydin‟s chain by the year 2009 to 2020, the business forecasted to have 26 Hypermarket, 60 convenience store, 20 Emporium and 5 My Mart. This investment cost the business large amount of cash which is RM200million for supermarket and 60 million for the building of hypermarket. The managing director tries to emulate the strategies of Kmart by have My Mart although Kmart experience bankruptcy. This...
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...Real Estate Development and Investment Founded in 1807, John Wiley & Sons is the oldest independent publishing company in the United States. With offices in North America, Europe, Australia and Asia, Wiley is globally committed to developing and marketing print and electronic products and services for our customers’ professional and personal knowledge and understanding. The Wiley Finance series contains books written specifically for finance and investment professionals as well as sophisticated individual investors and their financial advisors. Book topics range from portfolio management to e-commerce, risk management, financial engineering, valuation and financial instrument analysis, as well as much more. For a list of available titles, please visit our Web site at www.Wiley Finance.com. Real Estate Development and Investment A Comprehensive Approach STEPHEN P. PECA John Wiley & Sons, Inc. Copyright # 2009 by Stephen P. Peca. All rights reserved. Published by John Wiley & Sons, Inc., Hoboken, New Jersey. Published simultaneously in Canada. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance...
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...UNIVERSITY OF NAIROBI MANAGEMENT OF RESIDENTIAL RENTAL PREMISES. (CASE STUDY:NAIROBI-WEST) BY MURIITHI DAVIES MUGOH B04/23097/2008 A PROJECT PAPER SUBMITTED IN PARTIAL FULFILMENT FOR THE AWARD OF BACHELOR OF ARTS IN LAND ECONOMICS DEGREE IN THE DEPARTMENT OF REAL-ESTATE AND CONSTRUCTION MANAGEMENT UNIVERSITY OF NAIROBI MAY, 2012. DECLARATION I, MURIITHI DAVIES MUGOH, hereby declare that this project is my original work and has not been presented for a degree in any other University. Signed…………………….. Date……………………………… MURIITHI DAVIES MUGOH DECLARATION OF THE SUPERVISOR This research has been submitted for examination with my approval as a university supervisor. Signed……………………… Date………………………………….. Mr. NIKKY NZIOKI DEDICATION I dedicate this work to my parents Mr. and Mrs. Muriithi who has patiently borne my education expenses right from primary school to the University and gave me continuous support & encouragement throughout my academic life. My siblings Faith Njoki, Peninah Njoki and Dennis Ragoi, thanks for being there for...
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...Mixed-Use Development In Retail Real Estate Mixed-use developments allow developers to maximise FSI and minimise risks. How are developers making the most of them? Examining the benefits of mixed-use developments, it is surprising that they have not been the norm until now. When jobs, housing and commercial activities are located close together, quality of life improves and the property values also increase. It is an ideal use of FSI and goes a long way in de-risking the development for developers. Internationally, mixed-use has been more popular in the last two decades. An ideal mixed-use town centre uses drivable streets connected to the local street grid and public spaces as anchors. In many parts of the world, retail is a part and parcel of mixed-use developments. Shopping malls such as Skyplaza in Hong Kong are planned within or alongside office, hotel and residential blocks. Modern airports in India and abroad require designers to plan for extensive retail capacity and flexible spaces that appeal to shoppers in transit. Zahir Abbas, AVP Retail, Technopak Advisors, says, “With the dynamics and pressures of the changing economic climate, businesses are constantly looking for new ways to generate revenues and enhance productivities from a land space.” In the US, a decline in retail activity is causing conventional shopping centres to search for new purposes. Medical centres and education are making use of space in defunct malls or office parks. Vacant retail...
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...expectation of safety and security. As a contractor charged with the construction of such a building, there are many facets of security that must be taken into consideration before design and construction can begin. As a contractor, there is a certain responsibility to account for any risks that already exist, as well as risks that may exist in the future. Security is often used as a selling point for potential buyers, so the overall success of the project can depend on how well the security portion is implemented. According to Chris Grniet, regional managing director for Guidepost’s Technology/Design Consulting team, “What’s secure and what isn’t for residential properties tends to wax and wane with the perception of general security and safety in the overall environment.” (Garris, 2013) Residents will feel more comfortable, and will be willing to spend more if they feel secure in their living environment. “When establishing the right mix of comfort and security, the trick is to incorporate security measures without making them completely obvious. It’s not about being stealth, but about providing a safe environment that feels like home. “ (Garris, 2013) Security should not interfere with the daily lives or residents, but should be non-invasive and convenient. “In order to make them feel secure, contractors must keep in mind the existing environmental concerns, as well as access to resources in case of an incident. The CPTED model is crucial to accomplishing this as, “The CPTED (Crime...
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