The Mapeley Proposition

Mapeley seeks to enhance its clients� enterprise value by offering an outsourcing solution that integrates property ownership and management with long-term service delivery.  In order to do this, Mapeley seeks to:

Redeem the Past	Optimising existing real estate assets and liabilities and restructuring service delivery
Guarantee the Present	Providing value for money serviced space
Deliver the Future	Creating the operational flexibility needed to develop modern workplace environment solutions

The proposition involves the:

Cash acquisition by Mapeley of a client�s occupational freehold property portfolio; 
Assumption by Mapeley of the client�s existing leasehold liabilities; 
Provision of serviced accommodation to the client under a long-term contract; 
Flexibility for the client to vacate a substantial amount of the portfolio over time; 
Potential transfer of in-house team - thus retaining the Client's "corporate memory" 
Sharing of value created from current and future surplus property.

Key Benefits for The Client

Capital Enhancement	Substantial front end payment Cost of capital should be reduced Balance sheet is enhanced Capital is deployed to the core business
Transfer of Risk	Cost certainty is achieved Rental Growth risk is eliminated Other cost increase risks are removed � e.g. vacant property costs
Flexibility	Accommodation can be more readily matched with operational requirements Personnel can be transferred to Mapeley The client's core activities are unaffected and better supported At contract maturity, the contract can be extended on the preagreed pricing terms
Value Creation	Property development opportunities can be catalysed and funded Third party clients can be added Alternative revenues can be generated from the Estate