Real estate management and outsourcing as financial resource for companies / Rémi WALDMANN / 2021

Titre : Real estate management and outsourcing as financial resource for companies Type de document : Mémoire Auteurs : Rémi WALDMANN, Auteur Année de publication : 2021 Importance : 29 p. Note générale : Pour accéder aux fichiers PDF, merci de vous identifier sur le catalogue avec votre compte Office 365 via le bouton CONNEXION en haut de page. Langues : Anglais (eng) Mots-clés : Management FINANCEMENT ; SOUS TRAITANCE Résumé : With the Covid- 19 crisis, more and more companies have shown financial fragility, difficulty in paying their rents, and a growing need for liquidity to finance their activities. These companies are looking for cash flow levers to reduce their expenses, refinance or invest in a production tool without having to resort to debt. Remember that real estate is often the largest asset on the balance sheet and the second largest expense after payroll. Therefore, some companies decide to sell their real estate assets in exchange for a long-term lease to continue operating (sale & leaseback operation). These companies take advantage of a real estate market at the top of the cycle, a growing influx of capital and the low cost of debt to maximize the market value of their real estate sales to investors. Thus, these disposals allow them to lighten their balance sheet on the one hand and to raise capital through alternative financing to equity and bank debt on the other. For instance, Amazon has taken advantage of its very good signing of a 20-year lease for its Brétigny-sur-Orge warehouse to maximize the value of its warehouse and reduce future real estate expenses. In this seminar paper, we will work to show the financial levers available to companies through the management and the outsourcing of their real estate assets. Programme : PGE-Rouen Permalink : https://cataloguelibrary.neoma-bs.fr/index.php?lvl=notice_display&id=538498