The government’s property portfolio has shrunk by 2.4
million square metres - a 22% reduction. It means that the total central
government estate has fallen below 5,000 holdings for the first time and could
fit inside the area of West Finchley. The minister for the cabinet office and
paymaster general Matt Hancock published the figures at the government property
2016 conference. Hancock was launching the latest State of the Estate report.
Reductions were achieved through selling under-utilised buildings, ranging from
the Old War Office in the capital, to an old bakery and a lighthouse. It was
also announced today that the government plans to reduce its number of offices
by 75% before 2023, moving from 800 to 200 offices. Read more on the Evening
Standard website.
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