Property Asset Management Solution

Property Asset Management Solution

The Property Asset Management IT Solution is intended to hold the master ownership record for all property (and some land) assets owned by the Council, as well as the facilities management assets within buildings. The ownership records include:

• 2,700 operational assets, occupied / directly managed by the Council;
• 860 "indirect" assets - let to other parties but not for investment purposes (eg assets let to community groups and organisations offering services on the Council's behalf);
• 700 Investment assets (let to other parties for commercial purposes that provide commercial rents to the Council);
• 2,000 Infrastructure assets (ie highways, footpaths, cycleways, highway verges and docks infrastructure). NB Corporate Landlord manages the ownership records of these assets however there is a separate infrastructure asset management IT system for all other functions and activities;
• 29,000 Council Dwellings assets, of which about 2,000 are flats let on long leases under Right To Buy (the Council retains the freehold) - NB Corporate Landlord manages the ownership records of these assets however there is a separate Housing asset management IT system for all other functions relating to council dwellings. Additional information: Initial Term - 20/06/2025 to 19/06/2030 (£663,000)

Optional Extension - 20/06/2030 to 19/06/2032 (£204,000)