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CF Space
Cadillac Fairview
The Company
Cadillac Fairview is one of North America's largest investors, owners and managers of commercial real estate. Cadillac Fairview focuses on high quality retail centres and office properties in Canada and the United States and also oversees equity investments in real estate companies and international investment funds. With a portfolio valued at over $10 billion, Cadillac Fairview and its affiliates own and manage over 100 properties, including some of Canada's landmark developments such as the Toronto Eaton Centre, Sherway Gardens, Toronto-Dominion Centre, Le Carrefour Laval, and Pacific Centre.

The Business Issue
Cadillac Fairview wanted to replace a large paper-based leasing binder, the "bible" of their business, and move it online.
The binder contained critical information about all their Canadian properties for leasing managers and agents, including square footage, floor maps, leasing manager, location, demographics and any additional information relevant to the property.
An online, real-time version of the leasing binder could be updated nightly and accessed via the web. This would provide their agents with access to updated property information at any given moment.

The Challenge
Moving the leasing binder online, though it would solve many issues with the existing format, presented no small challenge.
The issues with the existing format were:
- Time: The paper-based solution took three full-time people three months to produce, and was reviewed by each leasing manager (20-40 people).
- Content Freshness: Content was out dated as soon as the binder was printed and distributed. In a highly time-sensitive industry, up to date property status information was never available.
- Cost: 1300 copies of the leasing binder were issued annually at a production cost of $350,000. Delivering the binders by mail and courier cost an additional $40,000.
- Data Capture and Management: The accumulation of information was cumbersome: data was captured differently by different departments, but needed to be displayed consistently. Further, there were no existing processes or guidelines for how the data was received.

The Process
Phase One: Information Gathering
- Two months of planning, meetings and interviews with stakeholders
Phase Two: Architecture and Design
- Two month process with weekly updates and ongoing changes
- In-person meetings every other week
- Cadillac Fairview had online access to the project to monitor progress
Phase Three: Development and Testing/QA
- A beta test site with four properties was tested for two months
- Results were so successful that Cadillac Fairview decided to go live with all forty plus properties
- The project was delivered on time and on budget

http://www.cfspace.com is the new Cadillac Fairview leasing binder - online. The website allows brokers, property managers, Cadillac Fairview employees and potential lessors to interact with property information on an efficient, as-needed basis. The site also functions as a portal for data collection and is available in both French and English, updated daily so that property information for all forty properties is always up to date.
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