Public Real Estate Management in the United Kingdom
Scientific Problems of Engineering Economics of Construction and Real Estate Management, Regional and Territorial Development ICEREE’2022: Book of Abstracts 2023
Raimonds Stāmurs, Ineta Geipele, Iveta Stāmure, Sanda Lapuķe

In the UK, public real estate management involves the management and supervision of assets owned by government bodies, public bodies and institutions. It includes various types of real estate such as government buildings, public land, cultural monuments, educational institutions, health care facilities and other real assets used for public purposes. Managing public real estate in the UK requires a multi-pronged approach that balances financial responsibility with the provision of essential public services and stewardship of valuable assets. It is a dynamic field that adapts to changing regulations, sustainability goals and technological innovations. State real estate managers must be responsible for budgeting, financial planning, and resource allocation for real estate maintenance, repair, and improvement. This includes capital expenditure and operating budgets. Compliance with building codes, safety standards and environmental regulations is essential. Properties must meet legal requirements and standards related to accessibility, energy efficiency and sustainability. Many public real estate facilities are used to provide essential public services, including health care, education, and administration. Ensuring these facilities are fit for purpose and managed effectively is a key responsibility. Sustainable property management practices are becoming increasingly important in the UK. This includes energy efficient building design, green construction and sustainable land use practices to reduce the environmental impact of real estate assets. Modern real estate management often requires the use of technology, including the use of real estate management software and data analytics tools. Over time, some public real estate may become surplus, obsolete or no longer fit for purpose. In this case, appropriate procedures are followed for the liquidation, sale or re-profiling of assets, which often include legal and ethical considerations. Transparency and accountability are the main principles of public real estate management. Transparency ensures that relevant real estate decisions and expenditures are available to the public, and accountability ensures that public funds are used efficiently and responsibly. The purpose of the research is to investigate and analyse the processes of managing and maintaining public real estate in Great Britain, including the management of government buildings, state land, cultural heritage objects, educational institutions, health care institutions and other public real estate. The research tasks are to understand how these processes are implemented, how efficiency is achieved and how sustainability goals are achieved.

Atslēgas vārdi
public real estate property, public real estate management, technical condition

Stāmurs, R., Geipele, I., Stāmure, I., Lapuķe, S. Public Real Estate Management in the United Kingdom. No: Scientific Problems of Engineering Economics of Construction and Real Estate Management, Regional and Territorial Development ICEREE’2022: Book of Abstracts, Latvija, Riga, 29.-29. septembris, 2023. Riga: RTU Press, 2023, 52.-53.lpp. ISSN 2592-9372.

Publikācijas valoda
English (en)
RTU Zinātniskā bibliotēka.
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