How to unlock potential in existing Industrial spaces

Unlock potential 1536 x 1040 Research_News Hero Image

Co-written by Tim Edwards, National Director and Conor Maguire, Associate Director within the Project Leaders team at Colliers International 

It can be challenging for businesses to forecast future growth and build-in long term operational flexibility. Determining your spatial needs, based on your current operations and over the long-term can be difficult. As businesses grow, adopt strategies and initiatives to deliver operational efficiencies, emerging trends and technologies and focus on reducing total occupancy costs their spatial needs and requirements also shift. 

Relocating can quite often be thought of as the easiest solution to meet these changing paradigms or determined strategy. This can however, be a costly exercise and is not always the most efficient option. 

As Project Leaders, it is our role to work alongside businesses to assist them in taking a holistic approach, when identifying the best available options and most innovative solutions available, to maximise operational efficiencies, deliver long term savings and provide future growth & flexibility.

We take a collaborative approach with businesses when undertaking detailed analysis of their spatial requirements; drawing on our end-to-end Industrial market knowledge, proven capabilities and extensive operational and asset ownership expertise, to identify opportunities to unlock potential within an existing business space, or alternatively ensuring tailored and innovative property solutions are delivered when considering your new business space or spatial requirements.

Here are a few key elements we take into consideration when conducting a detailed analysis of your existing business space or spatial requirements:

1. Analysis of current operations

We assist with the completion of a comprehensive overview or your current warehousing operations, storage solutions, and functionality analysis to identify opportunities to unlock value, reposition or enhance existing assets, or ensure informed quantifiable decisions are delivered on new property or business space solutions. 

  2. Stay vs. Go Analysis

When completing stay vs. go analysis, it’s important to benchmark your current facility and warehousing operations, assess the impacts of increased operational efficiencies, storage volumes and operational functionality. It’s also important to consider or identify opportunities to incorporate emerging trends and technologies, as these may deliver opportunities for long term savings and growth within the existing footprint of your current business space requirements. We can also assist you with  quantifying the total costs for any modifications, repositioning or enhancements to existing assets, proposed new property or business space solutions.  

  3. Ideal Facility Assessment 

A detailed assessment of your ideal facility  will highlight areas where we can assist you with assessing opportunities to increase operational performance, maximise storage space utilisation, solutions and MHE travel distances, whilst also improving operational functionality and the movement of goods in and out of the facility.  

By completing this assessment, we can assist you with overlaying your ideal facility and operational functional requirements with those being delivered on new property or business space solutions to enable the completion gap analysis to identify any shortcomings that may be required to be included within lease or property negotiations and/or assessment of forecast or future CAPEX requirements.

Engaging a Project Manager to assist with the above analysis can result in operational savings, increased profitability and can bolster your existing resources in order to assist you undertaking these processes. We provide independent advice, leveraging industrial knowledge from other service lines within Colliers, such as Supply Chain Management, Logistics, Occupier Services and Leasing. We have experts in each market who understand the market movement and future trends. 

Speak to one of our experts today to explore how you can unlock the potential of your existing industrial space. 


Related Experts

Tim Edwards

National Director | Victoria

Melbourne CBD

Tim Edwards is an accomplished property professional with over 30 years’ experience in industrial, logistics and commercial property across the Australian and ASEAN markets and sectors.

Tim brings a strategic yet personable approach to all aspects of the commercial, industrial and logistics property development process and is firmly committed to the philosophy “experience matters, inspire confidence”. He has proven capability and expertise across all facets of property development from strategy, acquisitions, JV, ownership and funding structures, business development, project delivery, and customer relationship management.

With a background in construction and design, and a passion for property, sustainability, building communities and helping businesses achieve relevance and difference within the dynamic competitive landscape, Tim has a keen ability to listen, understand and respond to customers’ needs and changing situations.  

During a secondment with TCC Group in Thailand working on transforming and rationalising DC networks and supply chain strategies, Tim sharpened his eye for seeing the potential of a holistic approach and finding creative and innovative business space solutions to suit customers’ needs, emerging trends and technologies, and market drivers.

As a National Director in Colliers' Project Leaders team, Tim is committed to taking an active role in providing a total value proposition. Tim works closely with customers and key stakeholders to identify and provide innovative property solutions that maximise operational and commercial efficiencies and deliver project certainty.

 

 

 

 

 

View expert

Conor Maguire

Associate Director

Sydney CBD

View expert