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Gary Howes

Partner, Development and Valuation Consultancy

020 7312 7476
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Case Study

DEFRA is responsible for a diverse estate of 200 properties/300,000m2 UK-wide

For many years Defra had outsourced estates management to a 3rd party but gradual under-performance had resulted in poor data quality and ineffective reporting systems. This in turn led to poor knowledge of estate and undermined Asset Management which in turn hampered annual targets to reduce operating costs/space and release surplus land for housing.

In 2013 Montagu Evans was appointed to deliver Asset Management services across the portfolio. A programme of inspections, due diligence of leases and records resulted in improved property data and ePIM records reported through a secure web-based platform including 24/7 tenant helpline. We have since achieved £4.26m Rate savings, helped Defra reduce floor space by 36% and generate £40 million of capital receipts.

 

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