Managing Surplus Property

About this event

For asset managers this will result in a considerable proportion of office and other property being declared surplus to requirements and earmarked for disposal or redevelopment. The management of surplus property on a much bigger scale will be a growing challenge and the need for greater revenue savings and the maximization of capital receipts to repay debt or invest in low carbon green growth has never been greater. How do we decide whether property is surplus and how does this affect its valuation and accountancy status? How should the growing list of surplus properties be managed? What happens to it while it is vacant and what should our disposal strategy be to maximize capital receipts, revenue savings, social and economic value? If these are questions you are asking yourself, then this event is for you.

We will cover:

• the process of asset challenge to the declaration and implications of being declared surplus,
• the management of vacant property,
• disposal strategies,
• redevelopment partnership options.

Guest presenters will share with you some case studies including analysis of data, site assembly and examples where surplus public sector property that has generated added value over and above what could have been achieved by local authorities pursuing their traditional approaches. The day will be interactive and will give you the opportunity to find out what is happening across the sector and provide practical tools and guidance for you to apply back in your organizations.

Who should attend?

This event is aimed at directors, heads of service and asset managers involved in the planning and management of public sector land and property assets. It will also benefit those involved in the use of public sector property for regeneration or housing purposes.

How will I benefit?

Delegates will:

• Be introduced to the topic of asset challenge,
• Understand what the implications of an asset being declared ‘surplus’ means for the authority and its financial statements,
• Understand the legal implications of disposing of public property,
• Gain an insight into ways to safeguard vacant property,
• Understand alternative disposal methods and strategies,
• Gain an oversite into strategies for alternative delivery partnership options,
• Hear guest speakers discuss various case studies relating to the management and re-purposed use of local authority property assets.

CPD hours

Five.