The Leading News & Information Service For The Facilities, Workplace & Built Environment Community

Government to Consolidate Estate By Selling £1.5bn of Property

Government to Consolidate Estate By Selling £1.5bn of Property
01 September 2022
 

Under a new Government Property Strategy, ministers hope to make over £2 billion in savings through property sales and “efficiencies”.

Announced by Minister for Brexit Opportunities and Government Efficiency Jacob Rees-Mogg, £1.5 billion of government properties will be sold over the next three years.

£500 million of savings will also be made by reducing operating costs, implementing urgent decarbonisation interventions across the estate and using modern construction materials and energy sources.

 

Justifying Spending on Government Properties

 

Jacob Rees-Mogg has always been outspoken about his view that all spending on government property needs to be justified. In a letter to his cabinet colleagues sent in April 2022, he urged civil servants to reduce how much time they spend working from home, to ensure “efficient use of the central London estate".

In the foreword to the strategy, Jacob Rees-Mogg wrote “It is always important that every property held by the government is efficient, functional and well utilised. It is also essential that the government estate is beautiful and will stand the test of time, while being greener and more sustainable in line with our net-zero commitments by 2050.

“Properties that are not needed will be sold, which, in turn, will support other government priorities such as economic growth, housing and jobs, working in partnership with local government and other partners through programmes such as One Public Estate.”

 

Moving Government Roles Out of London

 

Under the Government Hubs programme, staff will be consolidated into fewer, localised buildings, acting as destination places to work for civil servants

The Places for Growth programme will also move 22,000 civil service roles out of London by 2030. The scheme has already relocated 7,000 jobs out of the capital, including 1,389 moved to Yorkshire & the Humber.

The Home Office, Ministry of Justice and Department for Health and Social Care have moved more than 500 roles to Leeds.

Picture: a photograph of the Palace of Westminster. Image Credit: Unsplash

Article written by Ella Tansley | Published 01 September 2022

Share



Related Articles

Can Buildings be Ranked on Social Value?

A building certification that measures the social value of a building has been launched by Fitwel.   Watch the Video   >   Investors...

 Read Full Article
WSP and Tetra Tech Appointed to Government Property Agency Contracts

New contracts to provide design and specialist services for the Government Hubs and Whitehall Campus Programmes have been awarded to WSP and Tetra Tech. Engineering...

 Read Full Article
Government Shrinks Estate With 1 Victoria Street Closure

The government has closed its offices at 1 Victoria Street in a move to shrink its real estate footprint. The Government Property Agency (GPA) says the closure will...

 Read Full Article
Rishi Sunak Visits Blackstone’s New European HQ Groundbreaking Ceremony

Asset manager Blackstone has broken ground on its new London office, in a ceremony attended by Prime Minister Rishi Sunak. Located on the site of the former historic...

 Read Full Article
The Economist Group Signs Five Year Lease at Birmingham Office

Weekly publisher The Economist Group has taken the entire top floor of 154 Great Charles Street, Birmingham. The 3,684 sq ft space is at the newly refurbished office...

 Read Full Article
Michael Gove Approves Former ITV HQ Redevelopment 

Controversial plans for the redevelopment of the former ITV headquarters on London’s South Bank have been approved by Michael Gove. The decision follows a...

 Read Full Article
New Development Partner Needed for Limmo Peninsula in Newham

Transport for London’s commercial property arm is looking for a joint venture development partner to redevelop five hectares of land in East London. The Limmo...

 Read Full Article
Government Property Agency Plans for New Weather Centre HQ

A planning application for a new European Centre for Medium-Range Weather Forecasts has been submitted by The Government Property Agency.  The new building at the...

 Read Full Article
Over 80% of Real Estate Occupiers Increasing Tech Budgets, Says JLL

Over 80 per cent of commercial property occupiers are increasing their technology budgets despite a difficult operating environment, according to JLL's 2023 Global...

 Read Full Article
Government Property Agency Purchases Land for New Darlington Hub

A new government hub in Darlington is set to house up to eight government departments including HM Treasury and the Department for Trade and Business.   The...

 Read Full Article