Abbott to Optimise Its Real Estate Properties in Vietnam
01 The Challenge
In 2012, Abbott, a global healthcare leader, announced the acquisition of 3A Nutrition, its long-standing distributor of nutrition products in Vietnam. However, the acquisition combined with continuous growth entailed a vast infrastructure portfolio which Abbott had to manage.
In late 2018, Abbott decided to engage Cushman & Wakefield and tasked us to evaluate options on consolidating its real estate properties and strategic investments.
02 The Solution
We analysed Abbott’s real estate portfolio and presented a cost optimisation and strategic investment plan to Abbott’s leadership.
Our report included a leadership survey and recommendations on alternative scenarios. We also provided Abbott with a qualitative assessment and financial analysis along with a plan on optimal consolidation strategy.
03 The Result
Abbott was satisfied with the report presented by Cushman & Wakefield and decided to implement our suggestions. Abbott subsequently also tasked Cushman & Wakefield with the management of its lease properties throughout Vietnam.
Meet the team
WE’RE ON HAND TO HELP
We support you throughout the entire workplace lifecycle, creating a workplace aligned to business objectives, enhancing organisational performance and engaging employees.