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Public land, public good: Getting maximum value from public land and property
Posted on: 25 September 2014
By: mackene
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Filed under: News
Localis, in partnership with Cathedral Group, has published a report which highlights the potential for public land and assets to be used for developing new housing, reshaping public services, and boosting local economies. The report found that councils are reacting to ongoing austerity by acting more like property developers, moving away a mentality of simply selling buildings and land for one-off capital receipts, and instead looking to redevelop assets to derive revenue income from them that they can use to help support public service, with the proportion of redevelopments shifting from a third of all disposals to a majority of disposals over the next 5 years.
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