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A review of UK public sector real estate asset management

A review of UK public sector real estate asset management Purpose – The purpose of this paper is to outline the development of public sector real estate asset management in the UK from the 1980s to the present day. Design/methodology/approach – The paper is a narrative based upon a chronology of a selection of the reports, studies and research of the subject by academics, audit bodies, consultants, government departments, eminent business people and economists. The principal findings of the referenced reports/research are drawn out and highlighted. It should be noted that the extensive reference schedule is arranged in date order and not in the usual alphabetic sequence. Findings – The analysis shows cycles of asset management focus across the public sector over the 30 years of the narrative. The attention of government changes, often reflecting straitened economic times, from influencing local authority asset management to highlighting the better use of the assets used by its departments. A strategy to involve private sector‐generated solutions to improve efficiency and generate cash is currently under development. Research limitations/implications – This is a narrative paper. In‐depth research of the referenced reports would produce valuable insights to inform future strategies. Originality/value – Strategists should be aware that some asset management issues identified in the 1980s remain unsolved and are still evident today. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Corporate Real Estate Emerald Publishing

A review of UK public sector real estate asset management

Journal of Corporate Real Estate , Volume 13 (1): 10 – Mar 8, 2011

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Publisher
Emerald Publishing
Copyright
Copyright © 2011 Emerald Group Publishing Limited. All rights reserved.
ISSN
1463-001X
DOI
10.1108/14630011111120314
Publisher site
See Article on Publisher Site

Abstract

Purpose – The purpose of this paper is to outline the development of public sector real estate asset management in the UK from the 1980s to the present day. Design/methodology/approach – The paper is a narrative based upon a chronology of a selection of the reports, studies and research of the subject by academics, audit bodies, consultants, government departments, eminent business people and economists. The principal findings of the referenced reports/research are drawn out and highlighted. It should be noted that the extensive reference schedule is arranged in date order and not in the usual alphabetic sequence. Findings – The analysis shows cycles of asset management focus across the public sector over the 30 years of the narrative. The attention of government changes, often reflecting straitened economic times, from influencing local authority asset management to highlighting the better use of the assets used by its departments. A strategy to involve private sector‐generated solutions to improve efficiency and generate cash is currently under development. Research limitations/implications – This is a narrative paper. In‐depth research of the referenced reports would produce valuable insights to inform future strategies. Originality/value – Strategists should be aware that some asset management issues identified in the 1980s remain unsolved and are still evident today.

Journal

Journal of Corporate Real EstateEmerald Publishing

Published: Mar 8, 2011

Keywords: United Kingdom; Public administration; Asset management; Performance levels; Benchmarking; Real estate

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