MIPIM UK 2015: Government property bosses have outlined the potential for private investors to benefit from the cabinet’s estate strategy over the next five years.
Bruce Mann, Sherin Aminossehe and Ann Carter-Gray from the Government Property Unity talked to property developers, investors and local authorities about this parliament’s estate priorities and programmes.
The government property unit is developing a new model which will see the centralisation of management and ownership with a more “commercially driven” approach as it looks to build 150,000 homes and obtain £5bn-6bn in capital receipts over the next two years.
Ms Aminossehe said the government has already identified surplus government land which would fill a 5.5 x 5.5km square of land.
She said some of the land will be used for the GPU’s Land for Housing programme, while land which is not appropriate for housing or government offices could be sold to developers.
Mrs Carter-Gray, who is head of regional strategy, said the GPU is working to identify more areas where government departments can be joined together in regional “hubs” close to good public transport links.
She said the civil service was looking towards more “flexible, smarter and mobile working” which would reduce the space requirements per person from 8 sq m (86 sq ft) to less than 6 sq m.
louisa.clarence-smith@estatesgazette.com
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