Anixton - Corporate Real Estate Solutions

1. Project forming part of the France Telecom’s “Build Together” strategy (producing economies of scale by combining certain support activities)

2.Complete study of each subsidiary’s real estate costs using the IPD-OPD model (Total Occupancy Cost Code)

3. Study of the local real estate market and calculated cost comparison with benchmarks and best practices of the sector and the geographic area

4. Establishment of new planning scenarios (consolidation, relocation, renegotiation of current terms, etc.) and corresponding SWOT matrices and associated financial costs

5. Presentation to the Country Manager of France Telecom of a new real estate reorganization plan for the group of subsidiaries in Spain

6. Follow-up on recommendations

7. Potential savings resulting from the project exceeded 10 %, on an annual and recurring basis, of the total real estate budget.