CRE Can Guide Corporations Through Brexit
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CRE Can Guide Corporations Through Brexit

David Harrison
CoreNet Global
(410) 804-1728

Press Release
September 11, 2017

Brexit Scenarios Explored at CoreNet Global Summit; Global Gathering of Corporate Real Estate Executives In London

ATLANTA – Corporate real estate (CRE) executives are ideally suited to guiding their corporations through Brexit, the 2016 vote by the United Kingdom to exit the European Union.

"Precisely how and when the United Kingdom will no longer be a member of the current EU-28 is still very unclear. It causes uncertainty for a lot of British companies but also for the thousands of American, Asian and European firms which have operations in the United Kingdom," said René Buck, founder and CEO of Buck Consultants International in a new white paper for CoreNet Global. "European headquarters of US and Asian companies will reconsider the UK as the base for their regional headquarters for the simple reason that it would make sense to have their European activities inside the EU and not outside the single market."

Buck lays out several ways that corporate real estate executives can contribute to a robust Brexit strategy for their companies in the paper, and will discuss them further at the CoreNet Global Summit in London, 12-14 September.

Buck identifies three steps to developing a robust Brexit Contingency Plan, and the key roles that CRE can play in each:

  • Brexit Impact Assessment
    Supplying accurate and actual information about size and quality of current real estate in the UK, leases, expiration dates, and other details to corporate working groups facing Brexit challenges
  • European Footprint Scenarios
    Actively contributing to European Footprint Scenarios with analyses about opportunities and risks of various scenarios and locational strategies.
  • Location Strategy Development and Implementation
    Co-leading with business operations the location search process, ensuring that all relevant information for a comprehensive, unbiased business case is available.

"With their extensive knowledge of opportunities and risks of various locational scenarios, corporate real estate executives should play an active role within their corporations by combining strategic insights with an operations perspective and by delivering well-thought location alternatives if necessary," Buck said.

To view the complete paper, contact David Harrison.

About CoreNet Global

CoreNet Global is the world's leading professional association for corporate real estate (CRE) and workplace executives, service providers and economic developers. CoreNet Global's 10,000 members, who include 70 percent of the top 100 U.S. companies and nearly half of the Global 2000, meet locally, globally and virtually to develop networks, share knowledge, learn and thrive professionally. For more information, please visit CoreNet Global.