Municipal Real Estate deployed as a capital asset

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Abstract

Abstract The aim of this study is to introduce the principles of Corporate Real Estate Management (CREM) within the municipal organization. It is presumed that, looking at the private sector’s accomplishments in this field, these principles will allow a city council to deploy their real estate in a more strategic manner. In this study a model has been created for implementing so-called Municipal Real Estate Management (MREM) within the municipal organization on the desired level and adjusting the municipal real estate portfolio accordingly. This introduction of MREM will contribute to offering adequate accommodation to the different consumers, which heightens customer satisfaction. At the same time, it will add to the company result, balancing costs and benefits and delivering added value through a better control of risks and creating economies of scale.
Original languageEnglish
Title of host publicationBook of papers 11th Annual European Real Estate Society Conference, Milano 2-5 June, 2004
PublisherERES
Publication statusPublished - 2004
Event11th Annual European Real Estate Society Conference (ERES 2004) - Milan, Italy
Duration: 2 Jun 20045 Jun 2004
Conference number: 11

Conference

Conference11th Annual European Real Estate Society Conference (ERES 2004)
Abbreviated titleERES 2004
Country/TerritoryItaly
CityMilan
Period2/06/045/06/04

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