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Photo Release -- CoreNet Global Partners With Tongji University to Upscale Development of Strategic Asset Management Skill Sets in China

CoreNet Global Partners with Tongji University

SHANGHAI, China, April 15, 2013 (GLOBE NEWSWIRE) -- With corporate real estate (CRE) and facilities management (FM) executives positioned to leverage China's emergence on the global economic stage, CoreNet Global has signed a memo of understanding (MOU) with Shanghai-based Tongji University's School of Economics and Management.

CoreNet Global Partners with Tongji University to Upscale Development of Strategic Asset Management Skill Sets in China


A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=18128

Tongji University is among China's best-known universities for real estate, architecture and construction.

With 7,800 members worldwide, CoreNet Global is the world's leading professional association for corporate real estate and workplace executives, service providers, and economic developers.

The three-year agreement outlines several ways that both parties will increase the sharing and development of CRE and FM management best practices crucial to the growth and expansion of Chinese national corporate enterprises seeking to globalize their operations.

New CoreNet Global research on China's business climate reveals that CRE and FM executives are "poised to lead China's business transformation to the globally integrated economy." Click here to see more details on the findings. According to the study, "Facility management professionals are in increasing demand in China as they will play a central role in the design and planning of the growth of the country's mostly state-owned, national corporations."

A key objective of the MOU is to form a new research and learning center to inject more qualified industry professionals into the CRE and FM talent supply chain, according to Mario Qian, CoreNet Global's Director of Member and Component Relations for Greater China and Japan.

"Our mutual intention is to cultivate more talent in the area of corporate real estate management and strategic corporate asset management," Qian said.

To build a foundation for enhancing CRE management competencies, Tongji University faculty will draw from CoreNet Global's "CoRE Fundamentals" learning curriculum, which is designed to provide a basic understanding of how strategic-level CRE asset management works.

The agreement calls for both parties "to take full advantage of available resources in the areas of education, and to formulate training plans for middle management and senior-level management in China."

The MOU also paves the way for academic and international exchanges and visits. At the same time, it encourages both groups to experiment with each other's program systems.

CoreNet Global Chairman of the Board Jim Scannell, Senior Vice President of Administrative Services at the Travelers Companies, Inc., and CoreNet Global CEO Angela Cain signed the precedent-setting agreement with officials from Tongji University during the CoreNet Global Asia Summit, held March 26 - 28 in Shanghai.

The agreement represents an important step toward CoreNet Global realizing its long-term strategic objective of expanding its global footprint starting with China and India, as well as accelerating the evolution of CRE as a strategic management function on a global scale.

"We are going to maximize cooperation in the area of corporate real estate, asset management and facility management in China, and have a plan to establish a research and learning center in Tongji University," Qian also commented.

For more information, please visit www.corenetglobal.org.

The photo is also available via AP PhotoExpress.

CONTACT: Richard Kadzis rkadzis@corenetglobal.orgSource: CoreNet Global