Print Email Facebook Twitter Real estate as a public asset: The harmony in trade-offs in the Dutch Central Government real estate portfolio Title Real estate as a public asset: The harmony in trade-offs in the Dutch Central Government real estate portfolio Author Hoevelaken, A.I. Contributor Remoy, H.T. (mentor) Franzen, A. (mentor) Faculty Architecture and The Built Environment Department Real Estate & Housing Programme Real Estate Management Date 2015-07-02 Abstract This thesis aimed to research the public values of real estate in general and how these values can be taken into account in the disposal of government assets. Correspondingly with former research in this subject, this thesis also recognises the fact that by selling around 700 properties not only financial return can be taken into account. By selling public assets properties have to be part of a public process and the challenge is to find a new public value for the property in its environment. This by increasingly providing cross-departmental coordination and direction, collaboration with provinces and local governments but as well with private developers. Important notion is that the Central Government Real Estate Agency (CGREA), the agency in charge of the government real estate, is a political steered organisation thus public values are a political decision. In order to execute and operate a process by selling public properties there is need for a policy in where choices are validated, where a property can be sold for the highest bid and where a stimulation is needed to adapt the property for the future. This thesis only provides a vision of the possible, a starting point to validate choices regarding public values and the definition of these values. It will help to open the debate, challenge the status quo, and ensure that the trade-off between public values and financial return is possible. Ultimately, the goal is to sell 700 real estate objects. This will require process strategies closely linked to the organisation’s capabilities and aligned to regional and local demand. Property is not special but it is a unique resource with particular attributes. Understanding the drivers, and leveraging the opportunities created, is what public real estate management is about. The limitation of this research is that the framework is not made practical. It only provides an approach to indicate public values and how these can be taken into account during the process of disposal. Public values emerge from activity in the building and surroundings. It is about the involvement of the context, defining the opportunities for the property or area on market, location and building/area level. Public value is clarified and authorised by the public, but it is made, increased and created by public service organisations through their decisions about what services to provide. It is for these organisations that politicians and public managers must justify the allocation of resources and develop policies and strategies regarding disposal that are consistent with the generation of public values. Subject Public real estate managementDisposal vacant real estatePublic values To reference this document use: http://resolver.tudelft.nl/uuid:0209c4db-824c-43e2-9f9c-6b1f5198002e Embargo date 2015-07-10 Part of collection Student theses Document type master thesis Rights (c) 2015 Hoevelaken, A.I. Files PDF P5_Hoevelaken_report.pdf 21.2 MB PDF P5_Hoevelaken_reflection.pdf 226.98 KB PDF P5_Hoevelaken_Presentatie.pdf 15.03 MB Close viewer /islandora/object/uuid:0209c4db-824c-43e2-9f9c-6b1f5198002e/datastream/OBJ2/view