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Assets you can't afford to waste

By: Series: Estates Gazette ; (0228) 13 July 2002, 117(1)Publication details: 2002Subject(s): Summary: Following the RICS report, "A waste of space", which estimated that UK wastes £18bn a year on inefficient use of space, argues that companies could improve their profits if they paid more attention to their use of property. Points out that owner-occupiers consider their building as 'free' and do not consider their use of the space. Hot-desking is considered as one solution but not one for every organisation; a more effective means of highlighting wasted space is internal rent charges. Emphasises the need for companies to pay more attention to property and save money.

Following the RICS report, "A waste of space", which estimated that UK wastes £18bn a year on inefficient use of space, argues that companies could improve their profits if they paid more attention to their use of property. Points out that owner-occupiers consider their building as 'free' and do not consider their use of the space. Hot-desking is considered as one solution but not one for every organisation; a more effective means of highlighting wasted space is internal rent charges. Emphasises the need for companies to pay more attention to property and save money.