Leading planning and development consultant Montagu Evans has been appointed by the Cabinet Office as the Property Management and Finance Services provider for the shadow Government Property Agency (GPA), which is part of the Cabinet Office.
Montagu Evans, working with partner organisations CBRE and Moore Stephens, will provide a high-quality property management and financial services solution for the GPA over a three-year period, supporting the GPA with a range of back office services including; paying and receiving rents and other costs associated with a complex property portfolio, managing property transactions, maintaining property data and providing full reporting and accounting services.
The Government announced in the 2015 Budget that it would be taking a more commercial approach to land and property management across Central Government estates. The GPA will work under a cross-government framework to own and manage relevant property, land and lease assets, reporting directly to Cabinet Office and HM Treasury.
The GPA has been shadow-running since January 2017 to test processes and structures in preparation for its official launch in April 2018.
Ian Playford, Interim Chief executive of the Government Property Agency said:
“I am delighted to be welcoming our new partners to the programme. The signing of this contract represents real progress towards the creation of the Government Property Agency. It will allow us to develop the high quality property management and finance services we need to realise our objectives of increased efficiency and reduced operating costs across the government estate.”
Sherin Aminossehe, Head of the Government Property Unit said:
“The Government Property Agency will play an important role in delivering taxpayer efficiencies through the government estate. Montagu Evans' work will be an important part of its infrastructure, and will help make the agency's vision a reality by delivering the systems needed to achieve its goals.”
Rob Bower, Managing Partner at Montagu Evans, said:
“The GPA will help strengthen our economy by freeing up surplus real estate and enabling greater investment in our public sector infrastructure. It will also drive efficiencies by reducing operating costs, improving current properties, selling surplus property to increase capital, and help to support regeneration and economic growth through the release of land for housing.
“Our role will help facilitate the wider Civil Service transformation agenda by managing the Government’s estate successfully and this appointment demonstrates Central Government’s continuing confidence in our ability to provide a wide-reaching and effective property service together with our partners CBRE and Moore Stephens.”
Ciaran Bird, UK Managing Director, CBRE commented:
“This is an innovative partnership which will focus on maximising value and real returns from public sector asset management; driving efficiencies in occupation; and reducing cost; thereby enabling the GPA to fulfil its ambitious strategic goals and transform the public estate.”
Simon Gallagher, Managing Partner of Moore Stephens said:
“We are very excited to be part of this new and ground breaking initiative, working in collaboration with Montagu Evans and CBRE. We will bring financial rigour and commerciality to help GPA fully comply with requirements and ultimately meet its objectives.”