Another successful IAMC event in the UK on November 2015 | November 18, 2015
Successfully adapting to the constant changes of industrial real estate for nearly a century, the Slough Trading Estate exemplifies forward thinking. Remaining a dominant player in the industry, this site is Europe’s largest trading estate in single ownership. Members of IAMC (Industrial Asset Management Council) got to experience firsthand the expansive site wholly owned and managed by SEGRO, ‘Europe’s leading provider of flexible business space.’
The Estate is located in the south of Buckinghamshire along the Thames Valley. With humble beginnings as an early business park in 1920, it has radically evolved to become the UK’s largest data center cluster. The estate has grown to include 486 acres of commercial property and provides 7.5 million square feet of accommodations to nearly 500 global businesses. They maintain their own utilities station that supplies heat and power to the entire industrial site.
IAMC members participated in a tour of the Estate the afternoon of the 16th, followed by a networking dinner at Beaumont Estates. Discussions on the 17th highlighted the need for flexible design in industrial sites of the future. Guest speaker John Patelski, EVP of Ghafari Associates, recently published a white paper on a recipe for change, addressing these issues. “Flexible manufacturing plants of today will have a tremendous impact in the evolution of manufacturing as we know it,” stated Ghafari. Sharon Miller-Trackman, the America’s Director of Marketing for Qube Global Software, found additional discussions on industrial and manufacturing dilapidations quite intriguing as it relates to efficient use of space. “Issues that affect the manufacturing industry in Europe and the UK are really no different than those facing the America’s. Because global trends cross all geographic boundaries, sharing information with my peers around the world is just another example of how IAMC continues to add value to its membership.”
The IAMC’s UK event is a great example of the organization’s global reach and ability to bring together real estate professionals with global responsibilities.
What’s the latest in FASB? As the deadline approaches new regulations and two year look backs, IAMC members are busy preparing for new lease accounting standards.
IAMC (Industrial Asset Management Council) held its first international forum June 21 and 22 in London, England at the Grosvenor Square Marriott.
The retail industry’s most influential players gathered May 22 through May 25 at the Las Vegas Convention Center for ICSC’s RECon Vegas 2016.