Current managerial topics in public real estate asset management

Anna Wojewnik-Filipkowska, Małgorzata Rymarzak and Carsten Lausberg
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Anna Wojewnik-Filipkowska: University of Gdańsk, Department of Investment and Real Estate
Małgorzata Rymarzak: University of Gdańsk, Department of Investment and Real Estate
Carsten Lausberg: Nürtingen-Geislingen University, Faculty of Business and Law

World of Real Estate Journal (Swiat Nieruchomosci), 2015, issue 94, 5-10

Abstract: In recent years, public administrations in modern economies have been deeply transformed. Government units have been granted extensive competences, including ownership and/or control over properties in order to fulfil their obligatory tasks relating to public services in a better way. Real estate has evolved from a source of costs to a source of revenues, as well. This complex asset class requires proper management respecting its operational and strategic needs and requirements. The article focuses on current issues of public real estate asset management (PREAM) and on the real estate assets in local governments in particular. It is a voice in the discussion about current problems with regard to the efficiency and effectiveness of PREAM. We propose directions for further research and development as the principles of asset management in modern democratic societies seem to be universal. The paper is based on a literature study and the authors’ observations.

Keywords: public real estate asset management; real estate management; portfolio management; new public management (search for similar items in EconPapers)
JEL-codes: D73 H54 H82 L85 R53 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:kra:journl:y:2015:i:94:p:5-10

DOI: 10.14659/worej.2015.94.01

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