ENGLISH
|
JAPANESE
|
CONNECT WITH US:
Home
About
Contact
Log in
*
Home
Press release
Nov 27, 2015 09:00 JST
Source:
CoreNet Global
"Orchestrating" Corporate Real Estate: Team of Students From Tsinghua University in China Wins First-Ever Academic Challenge Presented by CoreNet Global
ATLANTA, GA, Nov 27, 2015 - (ACN Newswire) - "Orchestra," a proposed system of coordinating the many facets of corporate real estate (CRE) that was developed by a team of students from Tsinghua University in China has won the first-ever Academic Challenge presented by CoreNet Global.
Team of Students From Tsinghua University in China Wins First-Ever Academic Challenge Presented by CoreNet Global
The student team and the university will each receive $10,000 for winning the challenge.
The goal of Orchestra is to close the gap between the speed of real estate and the speed of business, according to the team's entry. "We are trying to reduce the days, weeks or months between the realization of the existing need of more space (office space, manufacturing space, storage space, and other types) and its final delivery in form of usable area," according to the team's application.
"The gap between the speed of business and the speed of corporate real estate is a persistent challenge in our profession," said Dean Jordan, Senior Director of Business Development, University & External Relations. "These students took on that challenge and developed an innovative solution that not only impressed the judges, but also demonstrated the potential to be further developed and applied in real world settings." Orchestra is a conceptual project extranet software, which would be managed by the CRE department, and operate in real time through the cloud in PC and mobile devices (smartphones and tablets) with several objectives:
- Store standardized information of the various functions of corporate real estate -- to compare their compatibility for any specific project
- Control the transfer of information among the stakeholders
- Process the information generated during transactions to provide for more transparent and efficient decisions made by the CRE department
- Integrate the CRE management of the corporation in any city or region around the world into one central control data base that provides real time information as required by the head managers or shareholders
In its entry, the student team said that Orchestra closes the gap by reducing the time required to deliver information and share feedback, storing and providing access to project history, allowing global integration with instant access to worldwide corporate portfolios and creating open spaces where managers, consultants and contractors can see each other and make decisions in a more transparent environment.
CoreNet Global launched the Academic Challenge, which is sponsored by Cushman & Wakefield, earlier this year. Real estate, human resources and technology typically rank among the top three expenditures of most corporations, and corporate real estate executives manage millions (and sometimes billions) of dollars of assets across the globe.
The academic challenge is part of CoreNet Global's strategic priority of strengthening its relationship with academic institutions around the world in order to grow the pipeline of talent into the challenging, rewarding - and often overlooked - career of corporate real estate.
In its first year, the competition attracted 78 registered teams from 190 students at 65 universities in 26 countries. CoreNet Global plans to conduct the Academic Challenge yearly. It is open to students interested in creating corporate real estate solutions around the globe.
About CoreNet Global
CoreNet Global is the world's leading professional association for corporate real estate (CRE) executives with strategic responsibility for the real property used by multinational corporations for their own operations. CoreNet Globe's more than 9,500 members, who include 70% 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 www.corenetglobal.org.
Media Contact:
EASTWEST Public Relations for CoreNet Global
Telephone +65 6222 0306; +65 6336 2474
corenetglobal@eastwestpr.com
Source: CoreNet Global
Sectors: Real Estate & REIT, Cloud & Enterprise, IT Individual, Daily News, Blockchain Technology
Copyright ©2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
Latest Release
Four-strong TOYOTA GAZOO Racing squad to push for more Portugal success
May 02, 2024 18:05 JST
Spectacular Spa awaits TOYOTA GAZOO Racing
May 02, 2024 17:46 JST
Q&M Dental Enhances Digital Capabilities by Integrating Align Technology's Newest iTero Lumina(TM) Intraoral Scanner Across Dental Clinics in Singapore
May 02, 2024 11:00 JST
Sumitomo Metal Mining and Mitsubishi Corporation to Participate in Kalgoorlie Nickel Project - Goongarrie Hub
Apr 30, 2024 19:08 JST
New Immuno-Oncology Research Project in Partnership With Merck Starts at the BioMed X Institute in Heidelberg
Apr 30, 2024 18:00 JST
SPARX Group Establishes Space Frontiers Second Fund
Apr 29, 2024 18:49 JST
MHI Establishes Local Subsidiary "Mitsubishi Heavy Industries Vietnam"
Apr 29, 2024 18:00 JST
POSCO Future M and Honda Reach Basic Agreement on Collaboration for Production of Cathode Materials for Automotive Batteries in Canada
Apr 29, 2024 14:25 JST
Honda Plans to Establish Comprehensive Electric Vehicle Value Chain in Ontario, Canada
Apr 29, 2024 14:16 JST
JCB enables JCB Contactless acceptance at Taichung MRT in Taiwan
Apr 26, 2024 10:00 JST
Mazda Production and Sales Results for March 2024 and for April 2023 through March 2024
Apr 25, 2024 18:21 JST
MHI Begins Operation of SOEC Test Module the Next-Generation High-Efficiency Hydrogen Production Technology at Takasago Hydrogen Park
Apr 25, 2024 17:45 JST
GAC Honda to Begin Sales of All-new e:NP2, the Second Model of e:N Series
Apr 25, 2024 16:50 JST
Toyota Exhibiting at Beijing Motor Show 2024
Apr 25, 2024 16:25 JST
Honda Reaches Basic Agreement with Asahi Kasei on Collaboration for Production of Battery Separators for Automotive Batteries in Canada
Apr 25, 2024 11:10 JST
UNIQLO Sponsors KAWS + Warhol Exhibition Tour, Starting in Pittsburgh
Apr 25, 2024 09:00 JST
Mitsubishi Power Begins Commercial Operation of Seventh M701JAC Gas Turbine in Thailand GTCC Project; Achieves 75,000 AOH To-Date
Apr 24, 2024 17:19 JST
MC and Denka Sign J/V Agreement in Fullerene Business
Apr 24, 2024 17:02 JST
Mitsubishi Motors Posts Record Sales in the Philippines in FY2023
Apr 24, 2024 13:56 JST
NEC Develops High-speed Generative AI Large Language Models (LLM) with World-class Performance
Apr 24, 2024 13:25 JST
More Latest Release >>
Related Release
2019 Corenet Global Summit in Hong Kong will Demonstrate How Corporate Real Estate Enables Business Success
March 11 2019 15:00 JST
Technology & Talent Visualised as Key Growth Drivers in Asia Pacific Corporate Real Estate at the CoreNet Global Summit 2018
March 20 2018 19:30 JST
CoreNet Global Summit 2018 to Help the APAC Corporate Real Estate Profession Navigate the Tides of Change
March 08 2018 17:00 JST
CoreNet Global Summit 2018 to Drive the Asia Pacific Corporate Real Estate Sector's Future-Readiness
February 08 2018 18:00 JST
More Press release >>