Austerity measures shrink property costs by £120m
Heap, Richard
Austerity measures shrink property costs by £120m - 2011 - Property Week 77(21)27 May 2011, 94-95(2) .
The Cabinet Office's latest annual "State of the Estate" report reveals a 5m sq ft reduction in government property within the last year. Good progress has been made by government to exit leasehold properties. Government will pilot new models of occupation in the next 12 months. Tables describe estate shrinkage, falling property numbers, government property concentration in London and the south-east, small offices as large proportion of the government estate, most buildings are 1970s or older, and one-third in PFIs.
United Kingdom--
Austerity measures shrink property costs by £120m - 2011 - Property Week 77(21)27 May 2011, 94-95(2) .
The Cabinet Office's latest annual "State of the Estate" report reveals a 5m sq ft reduction in government property within the last year. Good progress has been made by government to exit leasehold properties. Government will pilot new models of occupation in the next 12 months. Tables describe estate shrinkage, falling property numbers, government property concentration in London and the south-east, small offices as large proportion of the government estate, most buildings are 1970s or older, and one-third in PFIs.
United Kingdom--