Public Authorities Property Initiative

"Releasing Capital from property assets"

The problem
All Local Authorities have to perform an ongoing and highly complex balancing act. On the one hand they are committed to providing the best possible services to all of their constituents whilst on the other they are bound by the need to balance limited budgets to carry out all of their responsibilities and duties.

One of the key issues in this balancing act is property. Often thought of as assets, on closer examination these can prove to be expensive liabilities – liabilities that Local Authorities are largely ill-equipped to deal with or finance. 

The solution
Mapeley offers innovative property solutions that allow Local Authorities to work in partnership with Mapeley and thereby fully utilise their property portfolios and allow them to: 

  • Release capital from valuable real estate for investment in public service delivery
  • Eliminate backlog and fund future property repairs and maintenance
  • Transfer property and/or service risks and liabilities
  • Ensure full compliance with all statutory requirements
  • Reduce operating costs
  • Achieve future cost certainty
  • Enhance operational flexibility
  • Reduce annual energy costs and consumption

A property partnership with Mapeley brings the advantages listed above whilst, at the same time, allowing the Local Authority to choose how much of the property risk (and therefore reward) they are willing to carry or transfer.
 
What Mapeley brings to the partnership?
 The experience Mapeley has gained from its partnerships with the Inland Revenue, HM Customs and Excise and Abbey National plc, its specialist teams and its cutting edge internal systems, means Mapeley can provide the expertise and resource that Local Authorities don’t have to effectively manage their property portfolios.

In short, Mapeley can offer market leading resources in the following areas:

Property Services

  • Asset management
    • Acquisitions
    • Disposals
  • Estates management
  • Landlord / tenant relations
  • Estate strategy

Support Services

  • Facilities Management
  • Life cycle & maintenance
  • Help Desk
  • Project management
  • Space Planning
  • Procurement

Capital

  • Access to equity
  • Financial engineering
  • Banking relationships