ESSEC’s Real Estate Management Observatory publishes report on the role of sustainable development and the development of corporate real estate management functions in large companies.

The OMI (Real Estate Management Observatory) (http://omi.essec.edu/), founded and directed by Ingrid Nappi-Choulet (http://www.essec.edu/faculty/ingrid-nappi-choulet) , a professor at ESSEC Business School, has performed a survey of real estate directors in listed and non-listed companies, regarding the role of sustainable development in their organisations.

The response rate of the survey was 25.5%, the equivalent to 60 companies.  45% of companies are listed on the stock exchange (CAC40, SBF120, Nasdaq, etc.). Over one-third of respondents (37%) belong to the industrial sector (25% industrial manufacturing), the remaining 63% belong to the tertiary sector (25% financial activity, real estate and insurance).

While a previous OMI survey, performed in 2005 during the implementation of new accounting norms, underlined the slow acknowledgement and emergence of the real estate functions in large listed companies in France, this new study reveals a general awareness of the sustainable development issues by recently developed and better-informed real estate departments.

Complete press release (in French)

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