Collaboration
Sync and swim
The property industry is complex. The process of developing, leasing, operating, disposing or acquiring buildings all rely on interconnected parties – and the stakes are typically high for these relationships to be effective.
On top of its application to each stage of the building lifecycle, collaboration across the industry is crucial for knowledge sharing and working for progress on major ambitions, such as: net zero carbon, safety and social value challenges.
In this section
Key findings
Lead and succeed
The good news is that our industry shares a similar outlook in many areas. But there are key disparities.
Considering the challenges of sustainability, health and wellbeing, and flexibility, a long-term strategic plan is crucial. We found that occupiers (88%) are most likely to have a plan for building performance until at least 2030. However, only 50% of investors and developers have the same. Looking at the greatest challenges for organisations to achieve their building performance goals, 53% of respondents cited the struggles of siloed teams, internal politics and a lack of clear responsibilities within their organisations, which a clearer strategy could improve.
These issues point to a commercial risk facing developments and existing buildings, of avoidable under-performance against occupier goals and future industry standards. There must be stronger leadership to drive performance beyond the current regulations and market standards.
Among project teams, leadership should combine technical understanding with the project’s commercial objectives and an ambition to progress current standards. Where different priorities sit across a project team, central roles such as those provided by our project managers, project monitors, lead consultants and employers’ agents are instrumental to align teams with performance strategy and metrics.
Community engagement is another key piece of the puzzle. This is true for working with a building’s neighbours, and for cross-industry collaboration too, via independent working groups and industry panels to meet the challenges we all face.
Investors, developers, occupiers – and the specialist teams which work with them – can’t operate in a vacuum. Facilitating better connections is crucial for creating the valuable and resilient buildings we need for the future.
Expert insight
How we can help
Explore Redefining Building Performance
Find out more about the changing commercial property landscape, and how better building performance drives value and resilience in a changing world.
Click through to explore the themes in our report and read more insight on how TFT can help you meet the challenges ahead.
We’re here to help
For more information on how we can help your organisation improve building performance for more valuable and resilient assets, please get in touch with our expert team today.