Jones Lang LaSalle and Savills have been selected from a list of 12 agents to help establish new property pilot vehicles to manage the government’s office estate in London and Bristol.
Accountancy firm Deloitte has been appointed to advise on the financial side of the pilot vehicles, which, if found to be successful at cutting costs, will be rolled out across the entire central government estate.
JLL and Savills were chosen after two weeks of interviews. The role will involve asset management, space saving and the disposal of excess government offices.
A Government Property Unit spokesman said: “The government is working hard to realise substantial efficiency savings across its operations and estate, and release more money for frontline services.
“To explore and optimise opportunities for savings in the estate, the Government Property Unit is developing the London and Bristol property vehicle pilots.
“The government envisages substantial gains to be made from the property vehicles, which offer a more coordinated and centralised approach to property asset management in the public sector.
“To provide technical assistance to this work the Government Property Unit has engaged Deloitte, Jones Lang Lasalle and Savills. We anticipate the property vehicles will save the government millions of pounds over the long term.”
The firms invited to submit bids to advise on this process were: CB Richard Ellis; Colliers International; Drivers Jonas Deloitte; DTZ; Gerald Eve/Ikon Consultancy; GVA Grimley; Jones Lang LaSalle; Knight Frank; Lambert Smith Hampton; Montagu Evans; Savills and Thomas Lister.
Nick.whitten@estatesgazette.com
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