Proud of the House we Built: Siemens Real Estate CEO on managing global portfolios
May 13, 2024
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Siemens Real Estate CEO Stephanie Dorsey shares insights on managing global portfolios, emphasizing talent attraction, sustainability, and technology manufacturing. Discussions include site selection strategies, sustainability as a must-have for occupiers, and return-to-office strategies benefiting everyone.
Siemens emphasizes attracting talent, sustainability, and technology manufacturing to stay ahead in the industry.
Power is increasingly crucial in companies' site selection strategies, reflecting a shift towards sustainable practices and energy considerations.
Deep dives
Siemens Real Estate Portfolio Overview
Siemens Real Estate manages 1,300 locations in 60 countries, totaling approximately 85 million square feet, split 40% office and 60% industrial. The pandemic led to reducing office spaces and growing industrial areas, aligning with future trends. The portfolio generates 1.8 billion euros in revenue, supporting Siemens's overall business.
Manufacturing Expansion in the US
Siemens announced a $2 billion global investment strategy with 500 million allocated to new US manufacturing. The move signifies a shift towards more manufacturing in the US market with a focus on assembly and production plants. Investments in electrical engineering and project management are key areas to support this growth.
Global Real Estate Strategy and Market Presence
Siemens Real Estate operates across 60 countries with a geographic-based structure. The company focuses on addressing global mega trends and emphasizes globalization and production near points of demand. While growing in the US, Siemens maintains investments in markets like Switzerland, Singapore, China, and Mexico, adapting its real estate strategy to market needs.
Sustainability Commitment and Real Estate Approach
Siemens prioritizes sustainability goals by reducing office space, investing in green-certified properties, and engaging with landlords for carbon neutrality commitments. With a focus on embedded carbon and circularity in construction, the company integrates sustainability into its real estate decisions. The shift towards green amenities and high-quality properties drives Siemens's real estate strategy for the future.
How do you get the most out of a global real estate portfolio? Siemens Real Estate CEO Stephanie Dorsey offers insights on everything from the cost of capital, the flight to green, site selection criteria and return-to-office strategies that benefit everyone.
Insights to Share:
· Siemens is on the leading edge when it comes to attracting talent, sustainability and technology manufacturing.
· Power is becoming an increasingly important consideration in companies’ site location strategies.
· Sustainability is quickly becoming a must-have for occupiers and some, like Siemens, will not lease space from landlords that don’t support their carbon-reduction goals.
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