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International audience; The Société de la Rue Impériale (SRI) is the oldest real estate company in France. With more than 150 years of estate management of « haussmannian » buildings situated in the main street of Lyon, it had a crucial role among real estate companies. From its beginning (1854) to its end (2007), the SRI has constantly placed estate management in the center of its activities. This long run activity contrasts with the ephemeral duration of other real estate companies in the XIXth century. Throughout its existence, the holding of exceptional real estate assets has ensured a rent on which it has based its expansion. It is progressively shifting to a finance-led model in the late 1960s, after a major takeover by the Lazard bank. The purchase of the SRI by Abou Dhabi's sovereign fund completes the financialisation process of this prestigious piece of real estate.Based on the archives of the Company, the history of the SRI allows to trace back transformations of urban spaces in the long term and to better understand interactions between financial capital and the production of the city. This book constitutes an original approach to the economic and urban development.; Doyenne des sociétés immobilières du Second Empire (antérieure même aux sociétés parisiennes), la Société de la rue Impériale (SRI) offre la possibilité de restituer plus de 150 ans de gestion immobilière d’un bâti « haussmannien » dans la principale artère d’une grande ville, Lyon. De sa création (1854) à sa disparition (2007), la SRI n’a cessé de placer la gestion des immeubles au centre de ses activités. Cette longévité exceptionnelle tranche avec les durées éphémères des sociétés immobilières nées dans la foulée des politiques de grands travaux au xixe siècle. Tout au long de son existence, la détention d’un patrimoine immobilier d’exception lui a assuré une rente sur laquelle elle a assis son expansion. Elle bascule progressivement dans une logique financière à la fin des années 1960 à la suite d’une prise de contrôle par le milieu bancaire des grosses sociétés immobilières. Le rachat de la SRI par le fonds souverain d’Abou Dhabi achève le processus de financiarisation d’une des pièces les plus prestigieuses de l’immobilier lyonnais. Nourrie par des archives exceptionnelles, l’histoire de cette société immobilière permet de retracer, dans le temps long, les transformations des espaces urbains et de mieux comprendre le rôle du capital financier dans la production de la ville. Elle constitue de ce fait une approche originale de l’imbrication de l’économique et de l’urbain.

Purpose of the paper: To investigate of the impact of the Government Immovable Asset Management Act (GIAMA, No. 19 of 2007) on immovable asset management by the Department of Public Works (DPW), South Africa, which is mandated to be the custodian of all immovable assets utilized by National Departments. Methodology. Primary sources included survey questionnaires and interviews with relevant managers of all business units involved in life cycle asset management within DPW. The units are Asset Investment Management, Professional Services, Policy and Key Accounts Management. The population was subdivided into three levels of management (Chief Directors, Directors, Deputy Directors). Stratified random sampling identified a total of 30 out of a total population of 80 managers from the four units. A total of 27 completed questionnaires were received and analysed. Findings The study established that the roles and goals of the different business units are not properly aligned to strategic goals of the department. The asset register in the department was not updated. A number of asset management policy and skills gaps need to be addressed to comply with GIAMA. It is recommended that DPW should ensure that it addresses the gaps in the asset management systems, policies, skills and asset management planning in the department to ensure compliance. Practical implications. Implementation of the recommendations should contribute to the optimization of the fixed assets owned by the South African government and to service delivery to User Departments., RELAND: International Journal of Real Estate & Land Planning, Vol 1 (2018)

This chapter of the book outlines the main factors of industrial asset management: physical asset creation and improvements (investments), use of assets and maintenance of assets. We introduce approaches to improve decision making in asset management. This text covers the influence of various business environments, life cycle profit approach and uncertainty aspects on asset management. The general global problems especially in the capital intensive industry seem to be even overcapacity, low returns on investment and increase of turbulence. From the physical assets point of view, these requirements mean a need for a dynamic and continual life cycle management, optimal capacity development, improved investment planning, higher overall equipment effectiveness and lower maintenance costs of the equipment. These challenges are discussed in this chapter and some solutions are presented.