This high-growth company was constantly faced with the need for incremental new space,
but as its base of operations expanded, the ability to respond to growing
space needs was increasingly difficult. However, they had no roadmap for making
these routine facilities decisions to accommodate growth, and were becoming scattered
in multiple facilities over a larger geographic area.
Keewaydin
reviewed Medtronic's existing real estate portfolio and developed an in depth
understanding of their Strategic Business Plan. We worked closely with their
facilities team to evaluate the many details of their space growth and use of
facilities, and identify links between business growth and real estate needs.
After interviewing the key executives, we identified the facilities implications
of their most critical business issues and helped management to develop a greater
sensitivity to the link between real estate and business strategy.
As
a result, they accepted and implemented a dual campus strategy to proactively
provide the flexibility to respond to their growth needs and support their
intended business strategy of fueling the growth of their key business segments.
Their new second campus will be strategically located to capitalize on their
current real estate investments, provide more corporate visibility, and potentially
save tens of millions of dollars as compared to other previously considered
strategies.
"Keewaydin led us to a conclusion that we otherwise would have had great difficulty reaching with respect to our corporate headquarters. They interacted well with our senior management team and with our facilities department. They provided an exceptional value." Donn Hagmann, (formerly) Director of Real Estate, Medtronic, Inc.
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