Leading UAE real estate services firm Asteco has reaffirmed its commitment to recognising the importance of its employees and growing franchisee network to its long-term commercial success with a people-first pledge as it looks to future growth despite challenging market conditions.
The company has recently promoted seven individuals to newly created associate director positions, and has also launched the Asteco Academy, a first-of-its-kind training and development facility for brand franchisees.
These are testing times, not only for the real estate sector, but for businesses in general. While we are seeing an increasing number of lay-offs and company restructuring in response to the bottoming out of the market and current economic challenges, Asteco believes that this exactly the time when we need to invest in our greatest asset ? our people, said John Stevens, Managing Director, Asteco.
Building on almost four decades market-leading experience, the run of recent promotions has further strengthened Asteco s senior executive team with the new associate directors being Tamer Chaaban from the Property Management Department; Anne Marie Shein and Morgan Dalton from the Asset Management Department; James Joughin from Valuations; Julia Knibbs from Research & Consultancy; Melnora Francisco Burayag from Finance; and Nick White from Owners Association Management Services.
All new associate directors will have greater autonomy over budgets and will act as the figurehead within their respective departments while also being responsible for reporting to the Asteco board.
With close to a cumulative century of industry experience both here and internationally, the team is truly at the vanguard of Asteco s strategic development and this confidence and acknowledgement of these individual s professional skills is essential to our ability to plan for the future and maintain our position as the Middle East s largest real estate consultancy practice.
The route to associate director has now been clearly defined and we can see the motivation that this given other colleagues in the company who didn t meet the requirements to be considered for an Associate this year but are working to ensure that they achieve it during the next review process, added Stevens.
Earlier this year, the Middle East s largest independent full service real estate company also launched a unique training and development facility for the UAE market and its growing community of internationally licensed brand franchisees, the Asteco Academy.
Headed by leading organisational practitioner and Head of Training & Development, Brian Weaver, the academy is an international standard facility for the region and offers franchisees access to Asteco expertise with the aim of aligning corporate deliverables with franchisee business goals, offering Continuing Professional Development (CPD) opportunities to help franchises maintain a competitive edge; and providing long-term in-house support and advice as franchisees build their businesses.
As well as supporting in-house talent and capabilities, we know that in order to develop Asteco brand presence and reputation, we need to bring our franchisees into the fold and offer holistic support and advisory services that will allow them to grow their business - and ours, remarked Stevens.
An employee or partner should not be viewed as a risk-bound asset that can be discarded at the first sign of weakening market or economy. We consider our teams and franchisees indispensible to our long term commercial viability and we also want to secure our position as a preferred employer or partner of choice, he added.
Asteco, a major regional and international real estate services firm and the largest property services company in the United Arab Emirates, was founded in Dubai in 1985. Asteco offers independent market analysis, design development consultancy and valuation services, sales and leasing services, as well as asset and property management services.
|Media outlet||Al-Press - English|
|Country||United Arab Emirates|
|Cover Page||M C|