Space-based budgeting | Improving public sector property management
Recent UK Government approaches to more effective property management
Faced with the need to implement unprecedented austerity measures the UK government has turned its focus to more effective management of its property portfolio. Savings on running costs have been obtained by a number of initiatives including a lease renewals and a set of National Property Controls across its asset base whether central departments, local authorities, arms-length bodies, operational sites or social housing estates.
This report from Deloitte Research, co-authored by former Deloitte Australia Real Estate Partner, Rob Colley, gives an overview of the key challenges faced by public bodies in the UK as they seek to reorganise, refurbish or divest their core assets. Based on discussions with public sector property professionals as well as private sector firms that supply property-related services to government clients, the report highlights five key areas for action:
- Build an asset management profession within the public sector
- Join up corporate services
- Work better with the private sector
- Transform data collection and use
- Build an integrated, collaborative strategy
Australian state and federal government property professionals will find much of interest in this report.