Turner & Townsend uncovered between £80 and £120M of vacant space using Aconex as a CDE

Project name: Large real estate program in the United Kingdom | Industry: Residential & CommercialProject size: US$465 million | Location: United Kingdom

Challenges

  • Ability to manage huge programs consisting of many different projects and stakeholders.
  • Gaining one clear picture of the entire program.
  • Providing accurate up to date reporting to support decision making and keep the projects on track.
  • Track due dates across thousands of deliverables.

Solutions

  • A configurable platform that can be set up to meet specific requirements of each project and workflow within the program.
  • A common data environment across the entire program.
  • Configurable reporting to provide management with up to date at a glance progress throughout the program.
  • System set up using placeholders to track progress and due dates across all program deliverables.

Results

  • £200M in potential secured income was enabled by using Aconex to administer and support the client to send out 5,000 leases.
  • 80,000 square meters of vacant space was discovered, valued in total at between £80 and £120M, by using Aconex as a common data environment to track all documentation.
  • 75% faster CAD plan review and approval process. The complete plan process could take a few months in the past and is now no longer than 20 days.
  • 95% faster to create board reports using Aconex and Tableau open systems.
  • 16 hours are saved each week managing the change process for lease turnover, a 40% improvement.
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