| answer text |
<p>Since the 2010 General Election we have vacated over 1.5 million square metres
of property across the country. The number of central administrative estate holdings
within the 5 central London postcodes is currently 92, a reduction of over 50% since
2010. This reduction has generated significant savings, for example, we saved £60
million by selling a lease on Admiralty Arch.</p><p>On 1 January 2014, 2.5% of the
central administrative estate that is mandated to be on e-PIMS (electronic Property
Information Management System) was vacant. This is well below the reported national
average (private and public sector) of 10.2%. Figures for the London region indicate
a vacancy rate of 1.8% at January 2013, which compares favourably with the average
vacancy rate (private and public sector) for London of 7.2%.</p><p>Government property
and land that is available to rent or buy can be found at <a href="https://www.gov.uk/find-government-property"
target="_blank">https://www.gov.uk/find-government-property</a>.</p><p> </p>
|
|
