We have recently developed innovative solutions to enable Rolls-Royce to achieve even better performance on a significant real estate portfolio.
Faithful+Gould’s comprehensive analysis of assets in Indiana and Ohio reinforced Rolls-Royce’s understanding of its real estate portfolio.
Faithful+Gould’s comprehensive analysis of assets in Indiana and Ohio reinforced Rolls-Royce’s understanding of its real estate portfolio. As well as the design, production and after-sales support of gas turbine engines, Rolls-Royce’s North America operation also provides management direction and corporate support for all its companies and business units in the region. The portfolio therefore comprises a diverse mix of leased and wholly owned property, encompassing, more recently, substantial land ownership responsibilities.
For major corporations, achieving maximum benefit from property investments is an ongoing priority. Rolls-Royce also aims to create the best facilities for its workforce. To assist decision-making, our asset analysis included the legal entitlements, condition, performance, capital, operating and lifecycle costs of both leased and owned property, together with an overview of maintenance, energy performance and security status.
We then provided support to the company’s long-term strategic planning process, to explore different options, maximize asset potential and achieve added value. This helped Rolls-Royce to achieve a high performing property portfolio, reinforced by our service provision in these areas:
- Asset portfolio analysis
- Strategic planning
- Master planning
- Facility condition assessment
- Project and construction management
- Personnel relocation planning and management
- Life cycle cost and value management
In December 2011, following the successful asset analysis program, Rolls-Royce announced a $22million investment to redevelop a new state-of-the-art office campus in downtown Indianapolis as part of a consolidation of offices for 2,500 engineers and professional staff. Indianapolis is a key operations center for the company, producing more engines than any of its other sites. We supported Rolls-Royce in exploring ways of creating an improved environment that would ultimately contribute to maximum workforce efficiency/productivity.
We supported Rolls-Royce in exploring ways of creating an improved environment that would ultimately contribute to maximum workforce efficiency/productivity.
The company opted for a culture change, embracing an agile workplace concept after studying successful implementation in other organizations. This new ethos and landscape fosters creativity and efficiency in its workers, offering comfortable smaller meeting spaces rather than individual offices, in a collaborative and inter-connective environment. The enhanced space helps Rolls-Royce hire new talent, while building loyalty and morale in existing personnel. Cost savings and energy improvements are also evident.
We are continuing to work with Rolls-Royce on developing innovative solutions that enable its real estate to achieve even better performance. Together we are making progress on construction standardization, comprehensive process and project delivery approaches, alongside adaptive solutions for changing markets, cultures and technology platforms.
Faithful+Gould has a global team of multi-disciplinary property and facilities management professionals, with experience of asset maximization in many countries. We advise our clients on how best to align the portfolio to meet the organization’s needs, securing best value on both capital and operating expenditure. We have achieved effective results for clients in a variety of sectors, including manufacturing, finance, aviation, pharmaceutical, energy and central government.