Budgeting Introduction


*** JUST NEED THE INTRODUCTION*** Attached is the budget statement.  Introduction: Problem  Recommendation  Steps  Problem: Unibail-Rodamco-Westfield’s lack of diversity in revenue streams poses a problem to long-term sustainability and profitability. Recommendation: Invest in developing and repurposing shopping centers to office and industrial properties. We created a budget based on the cost to reconstruct a portion of a shopping center owned by URW into an office building. We specifically chose the Nordstrom in the Westfield mall located in Anapolis, Maryland because the building has been closed since July 2020. Using this perfect opportunity to revitalize the revenue stream by repurposing a portion of this shopping center. Nordstrom Stats in Westfield Mall located in Anapolis: – 162,000 sq ft. Cost estimation based on our research and interview “Prepare a two-page paper discussing the factors contributing to the recommended budget items. Discuss how you built your budget (attached) so the client understands why you are proposing those costs. Your budget needs to be supported with calculation worksheets/cost schedules validating your cost assumptions.”

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