by Ann Withanee — May 20, 2011—The total cost of running U.K.’s government estate in 2009/10 was £3.58 billion, representing a saving of £120 million. The total number of holdings as of Dec. 31, 2010 was 6,700, a drop of 7 percent.
Vacant space amounts to 3 percent of total area compared to the national average of just under 12 percent, noted the 82-page report State of the Estate in 2010.
The report noted that half of all holdings are 500 square meters or less, and just 2 percent are more than 10,000 square meters.
“During 2010, the overall size of the mandated estate fell from 10,722,000 square meters to 10,239,000 square meters, a reduction of 4.5 percent,” the report said.
The government is pushing ahead with moving people into empty spaces in its freeholds, using that space more efficiently and vacating expensive leasehold properties wherever possible.
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