Managing special purpose properties: A study of practices in the public sector organisations and private manufacturing companies in Sweden
2011 (English)Conference paper (Other academic)
Purpose The purpose of this study is to analyse strategies used by state and county government organisations as well as private sector manufacturing companies in Sweden with the aim of identifying factors that can lead to more efficient management of special purpose properties in view of limited access to capital or government funding partly due to the global economic recession.
Design/methodology/approach –The study is approached using a web-based questionnaire to solicit responses on issues such as decisions concerning securing of availability of production space, operating and maintenance strategies used as well as prediction of future actions. A total of sixty nine requests sent to property managers and company directors produced forty completed questionnaires that formed a database for the descriptive analysis.
Findings – The findings indicate that there is a high degree of special property ownership in the surveyed companies despite changes in the market and that the probability of an expansion of the property leasing market in the coming five years is low. Companies in the Swedish public sector could benefit from increased outsourcing so as to focus more on core business. They could also benefit from seeing over policies concerning responsibilities and liabilities in the premises they lease so as to make them clearer. The results also reveal an urgent need towards a more uniform definition of concepts and classification of activities in all of the categories in the study. The level of neglected maintenance is deemed as higher in the public sector especially in the counties in contrast to private manufacturing companies that according to the study adhere more to long term maintenance plans.
Originality/value –The key study results are of use in other countries that are considering privatisation or sale-leaseback transactions of large property portfolios under government ownership and provide new insights on the strategic maintenance of the properties in relation to the question of neglected maintenance.
Place, publisher, year, edition, pages
Property management, Special purpose property, maintenance, Sweden
IdentifiersURN: urn:nbn:se:kth:diva-59172OAI: oai:DiVA.org:kth-59172DiVA: diva2:475894
11th African Real estate Society Conference Windhoek, Namibia, 2011
QC 201201132012-01-112012-01-102012-01-13Bibliographically approved