Efficient management of public sector assets The call for correct evaluation criteria and techniques
Journal of Property Valuation and Investment
ISSN: 0960-2712
Article publication date: 1 October 1998
Abstract
Research undertaken by the authors over the last two years has revealed a number of problems in valuing non‐market, non‐investment properties in the public sector. The first part of the article draws together some of the literature in the area of public sector asset valuation and management. This is intended, first, to highlight current thinking about the issues involved in the valuation exercise, second, to focus on some of the unresolved aspects and, finally, to suggest areas for further consideration to help resolve these.The second part of the article provides an introduction to, and critical examination of, the valuation methodology commonly used to value specialised property assets. Possible alternative approaches are suggested, which may better enable authorities to assess the performance of their assets and integrate these into the management processes.
Keywords
Citation
Bond, S. and Dent, P. (1998), "Efficient management of public sector assets The call for correct evaluation criteria and techniques", Journal of Property Valuation and Investment, Vol. 16 No. 4, pp. 369-385. https://doi.org/10.1108/14635789810228169
Publisher
:MCB UP Ltd
Copyright © 1998, MCB UP Limited