Issue - meetings

18/00009 Property Asset Management Strategy 2018-2023

Meeting: 11/05/2018 - Policy and Resources Cabinet Committee (Item 81)

81 18/00009 Asset Management Strategy 2018-2023 pdf icon PDF 110 KB

To consider and endorse, or make recommendations to the Cabinet Member for Corporate and Democratic Services on a proposed decision

Additional documents:

Minutes:

Rebecca Spore (Director of Infrastructure) and Karen Ripley (Head of Property Commissioning) were in attendance for this item

 

(1)       Mr Hotson (Cabinet Member for Corporate and Democratic Services introduced the report that contained the draft Property Asset Management Strategy 2018-2023. The Strategy set out the vision and objectives for KCC’s estate for the next 5 years and was designed to support a better-utilised, right-sized estate relevant to KCC’s service delivery whilst maximising the opportunity, through its investment funds, to deliver income. 

 

(2)       The report also included a review of KCC’s New Ways of Working Strategy, a key Corporate Programme initiated under the last Asset Management Plan. This sought to align the way KCC works to modern methods, consider how office space should be utilised and how modern practices and technology could be used to drive greater efficiency and effectiveness.

 

(3)       In response to Members’ questions, Mrs Spore said that one of the targets in the current Asset Management Strategy was to reduce the property portfolio to deliver £10 million savings and that detailed information about how this had been achieved could be provided.  She also said that:

·         a five-year programme for the completion of condition surveys was been developed;

·         properties within the property portfolio were categorised into commercial, operational and community assets and targets would be set for the performance of each category;

·         the Property Strategy, along with the Technology Strategy, was a key enabler in delivering new ways of working and reducing the authority’s property footprint;

·         PEF1 and PEF2 had been closed and the new property investment funds (PIF1 and PIF2) were performing well.

 

(4)       Resolved that the Cabinet Committee endorsed the proposed decision of the Cabinet Member for Corporate and Democratic Services to:

(a)        Note the estate’s present position and achievements through the implementation of the last Asset Management Strategy 2012–2017;

(b)        Note the proposed policy statement including the vision and mission for the estate;

(c)        Note the six themes which the Strategy would focus upon to deliver the vision for the estate;

(d)        Agree the adoption of the Asset Management Strategy 2018-2023 and the development of delivery plans.