The public sector is currently the proud owner of property and land assets that stack up to many billions of pounds. Such assets represent a legacy of more prosperous times over the years.
Many of these assets provide the essential infrastructure required to deliver vital services to communities and their residents.
However, confronted with such continued austere times, the sector is now presented with a real need to rationalise its estate, and sweat its assets into providing improved yields. This does not mean a hasty fire sale of valuable publicly owned assets, but rather a well managed process of reducing unnecessary costs and maximising revenue streams along with capital receipts.
Want full article access?
Receive The MJ magazine each week and gain access to all the content on this website with a subscription.
Full website content includes additional, exclusive commentary and analysis on the issues affecting local government.
Already a subscriber? Login
